Cargus, a major player on Romania’s courier services market, is expanding its foothold on the markets of Czechia, Slovakia, Germany, Hungary, Bulgaria and Greece after entering Poland, where it has a cross-dock operational facility for international players wanting to sell their products to Romanian consumers.
Rezolv Energy, a project company held by Actis, a leading global investor in sustainable infrastructure with EUR20 billion assets, has announced that it acquired the rights to build and operate a 229 MW solar plant in Silistra Municipality in north-eastern Bulgaria, less than 10 km off the Romanian border, which will reportedly serve the Romanian market as well.
Luxury jewelry chain TEILOR has opened its fourth store in Bulgaria, in the city of Plovdiv, after three other stores previously opened in the capital city of Sofia.
Romania is on Polish retailer Answear’s shortlist for the development of a logistic hub in southeast Europe, together with Bulgaria, explained Raluca Radu, country manager at Answear Romania.
In 2021, among EU member states, the highest average annual adjusted full-time salary was in Luxembourg (EUR72,200), Denmark (EUR63,300) and Ireland (EUR50,300), and the lowest in Bulgaria (EUR10,300), Hungary (EUR12,600) and Romania (EUR13,000), according to a report by Eurostat, the statistical office of the European Union (EU).
Sameday, the second largest player on Romania’s courier services market, is expanding to Bulgaria, after having entered Hungary’s market in 2020.
Wine maker Purcari Wineries has announced the finalization of the acquisition of a majority 76% stake in Bulgaria’s Angel’s Estate winery.
Wine maker Purcari Wineries has signed an agreement to purchase the majority stake, of 76%, in Bulgaria’s Angel’s Estate winery.
Technology start-up investment platform SeedBlink announces that it has opened its first branch outside Romania in Sofia, Bulgaria, as part of its expansion strategy.
Martin Stoebe is the new Country Manager of Beiersdorf Romania, Bulgaria and Moldova, starting December 1, 2021.
Air passenger transport plunged by 73.3% in 2020 across the European Union, with Luxembourg, Bulgaria, Greece and Romania reporting the lowest decreases among the 27 EU member states, ranging between 65% and 70%, data from Eurostat, the statistical office of the European Union, showed on Monday.
eMAG, the leader of the local online retail market and one of the largest players in the region has opened a new showroom in Bulgaria, in Plovdiv, covering an area of 400 square meters and with a portfolio of over 5,000 products in various categories.
Iulian Nedea, CEO and one of the three founder of Simtel Team (SMTL.RO), says the General Shareholder Assembly will be convened soon to approve a capital increase meant to fund development projects and expansion in cities such as Cluj or Timisara, but also in countries such as Moldova, Bulgaria or Ukraine.
Romania, Bulgaria and Poland have the lowest price levels for consumer goods, half the European average, while Denmark, Ireland and Luxembourg have the highest price levels, way above the EU average, data from Eurostat, the statistical office of the European Union, showed Tuesday.