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Mid Europa Partners Expects 2021 to Be Better
The year 2021 will be a better year both overall and for Romania’s economy, believes Matthew Strassberg, comanaging partner of buyout investor Mid Europa Partners.
Kastamonu Romania Revenue Rises 7% to More Than EUR136M in 2020
Kastamonu Romania (formerly Prolemn), held by Turkey’s wood processing group Kastamonu Entegre, posted EUR136 million revenue in 2020, an increase of 7% year-on-year.
Retail Pharmacy Chain Help Net Sales Up 25% to EUR209M in 2020
Help Net, the third leading pharmaceutical retailer by number of pharmacies in Romania, posted EUR209 million (some RON1 billion) sales in 2020, the company said in a release.
Health Insurance Market Almost Triples in Five Years
Health insurance market in Romania ended 2020 with RON451.5 million gross written premiums, Financial Supervisory Authority preliminary data show; premiums have almost tripled in the past fi...
Auto Liability Insurance Market Doubled in A Decade, Comprehensive Insurance Up 26%
Mandatory auto liability insurance (RCA) has recorded a significant increase in the past decade, as gross written premiums doubled, while comprehensive insurance (Casco) lagged behind with s...
2020 Second Best Year for Construction Sector in a Decade
Construction sector had its second best year in a decade in 2020, despite the pandemic, National Statistics Institute data show. The volume of work increased by 15.9% year-on-year. The growt...
Preh Romania Expects 13% Rise in Revenue to EUR257M in 2021
Automotive component manufacturer Preh Romania, a supplier of Porsche, Mercedes, Audi and BMW, has budgeted EUR257 million revenue for 2021, an increase of more than 13% on the EUR227 millio...
Rise in Online Commerce Volume Drives Parcel Delivery Market Towards RON5B in 2021
Online commerce, which has been on the rise in the last few years, surged last year as the pandemic made people order and buy more products over the Internet. The parcel delivery industry, o...
Parcel Delivery Company Sameday Doubles Revenue in 2020
Parcel delivery company Sameday held by online retailer eMAG, last year saw its revenue double both because of the rise in online commerce and because of the investments it has made in the l...