“The launch of FAN Moldova is part of FAN Courier’s long-term European development strategy. The Republic of Moldova is the first East European country we expand in with own operations, choosing to operate directly this time. In Moldova, we are the first Romanian company offering local courier services,” stated Adrian Mihai, FAN Courier CEO.
The company has so far invested EUR500,000 to develop the basic infrastructure, with the total budget earmarked for the neighboring country standing at EUR3 million, according to the company’s officials.
“Given similarities between the two markets, we will provide the standard service of Romania, ‘door-to-door’ before introducing another two services in rising demand in Romania next year, Collect Point and Lockers. (…) Development will be gradual, we’ll start with 8 subsidiaries, around 30 cars and 40 employees,” stated Cornel Morcov, chief commercial officer at FAN Courier.
The company in 2020 went beyond the RON1 billion threshold in terms of revenues and expects turnover to rise by at least 15% this year. Investments budgeted for 2021 top EUR20 million.
(English version by Catalina Apostoiu)