Govnet

2017 sets new record for transactions over 100 million euros

The M&A market in Romania has reached 3.8 billion EUR in 2017, according to public sources and disclosed transactions, an analysis performed by Deloitte Romania has revealed. Overall, by adding all transactions with undisclosed value, the total market adds up to between 4 and 4.6 billion EUR, 15% higher compared to 2016, according to Deloitte estimates.

Champions of the 2017 Courier and Postal Services Industry were awarded in a special ceremony

The fourth edition of the Awards Gala in Courier and Postal Services gathered in the framework of an elitist event some of the most important national and international companies active in the sector and had as main purpose the merits recognition of all those who have recorded spectacular results and developed successful projects in the last year.

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General

FAN Courier business exceeds the threshold of 131 million euros in 2017

Local courier company FAN Courier, estimates that this year's turnover will exceed the 131 million euro, up 13.2% over the previous year's results, in line with the company's initial forecasts and the results of the top 11 months of the year. For FAN Courier, 2017 can be characterized as the year with the most value-added services launched. "The rising appetite of the Romanian market for courier services, mainly as a result of the explosion of the e-commerce segment, risks being affected by the legislative and fiscal changes announced for 2018, with a relevant impact on all economic actors - companies and consumers. Against such backgrounds, our estimates of business developments for the next year are more cautious than in previous years. The budget for 2018 will be built taking into account two scenarios - pessimistic, for which we are also preparing for a possible stagnation and a realistic prudent scenario in which we anticipate a 10% increase, "said Adrian Mihai, founder of FAN Courier.

PeliFilip assisted Kingfisher PLC in the acquisition of Praktiker Romania

PeliFilip assisted the British group, Kingfisher PLC, one of the largest European DIY chains present in Romania through the Brico Depot brand, in the acquisition of Praktiker România, which currently operates 26 units and is one of the largest DIY retailers in the country. Last week, the acquisition of Praktiker by the Kingfisher Group was successfully completed.

Kingfisher entered the Romanian market in 2013 through the purchase of Bricostore stores, a transaction in which they were assisted as well by the PeliFilip lawyers. With this latest acquisition, the British group is set to strengthen its position in a growing market.

Labor Minister: Romana has a large workforce deficit and many socially assisted families

Romania has a large labor force deficit, mainly in construction, IT, agriculture and healthcare, declared labor Minister Lia Olguta Vasilescu.

"The largest labor shortage that Romania currently has is in construction, IT, agriculture and healthcare. The most problematic sectors are construction and agriculture, as the majority of people who left the country are working in these areas in the EU pointed out the minister. "Construction and agriculture are the most problematic, but the majority of people who left the country are working in these areas in the EU"

FAN Courier launches eBOX online delivery option

FAN Courier, the leader of the local courier market, launches this month eBOX, the online delivery option that allows customers to take full control of deliveries and pick them from lockers with 24/7 access. The new service, implemented as a pilot project in Bucharest, is an alternative to the classic courier service, intended for people who can not or will not wait for the courier to the address.

Romania's fiscal revolution stirs discontent

“The much discussed and debated ordinance that contains amendments to the Tax Code included in the governance program, meaning long time known changes approved by Parliament, brings important benefits to citizens and companies that operate in Romania" says Finance Minister Ionut Misa, but it seems that not everyone agrees to the proposed measures.