Romanian package delivery company Sameday, controlled by e-commerce giant eMAG, has announced the purchase of Cargus, the delivery firm owned by MidEuropa Partners.
The service includes door-to-door delivery for parcels up to 31 kg and a transit time of 2-3 business days for Bulgaria and 3-5 for Greece.
The Cargus Mobile App consolidates the company's digital transformation direction by offering users a complete experience and advanced functionalities for parcel management.
Cargus will operate in a new, modern facility, of 3,100 square meters including the warehouse, a Cargus SHIP & GO location and offices.
The World Bank's Board of Executive Directors has approved a €544 million Development Policy Loan to support Romania's efforts to restore fiscal sustainability, enable private sector-led growth and foster job creation.
Etem Gestamp, the Sofia-based joint venture between Viohalco Group and Spain's Gestamp Group, has signed a 10-year virtual power purchase agreement (VPPA) with Rezolv Energy, the Actis-backed independent power producer.
Raiffeisen Bank has reached an agreement to acquire 100% of the shares in Garanti BBVA Group Romania, including Garanti Bank and leasing unit Motoractive IFN, from subsidiaries of Banco Bilbao Vizcaya Argentaria.
JTI announced a €300 million investment to build a new factory in Ștefăneștii de Jos, Ilfov County.
Parapet, an EPC contractor in the renewable energy sector, has appointed Roxana Gureanu as CEO, as the company experiences rapid growth and international expansion.