“We are considering expansion abroad. We are already present in Bulgaria and will open an office in Budapest in early September, where will also have a storage facility,” Adrian Mihai, shareholder of Fan Courier said at ZF’s `Cei mai mari jucatori din economie’ (Key players in the economy) conference last week.
“We are in talks with several partners there to work together and we still want to expand abroad.”
The move comes at a time when few Romanian companies have managed to go abroad to expand their business. The statistics of Romania’s central bank show only 260 Romanian companies have successfully taken this step.
Fan Courier was established by Adrian Mihai, his brother Neculai Mihai and their friend Felix Patrascanu in 1998. It posted 586 million lei (EUR126 million) revenue in 2017, 14% higher than in 2016 and had almost 2,500 employees, according to the Finance Ministry data. (EUR1=RON4.6610)
(English version by Loredana Fratila-Cristescu)