Romanian Delivery Services Market At 42.75 Mln Euro in 2005

The Romanian market for courier and international delivery services is expected to grow to $50 mln (42.75 mln euro) in 2005, up from $38.5 mln (32.9 mln euro) in 2004, it was reported on December 28, 2005.

TNT Romania, the local subsidiary of Dutch TNT Express, and DHL Romania, the local unit of U.S. delivery company DHL, held 80 pct of the market in 2004, followed by Trans Couriers Service, an authorised representative of U.S. delivery company UPS.

TNT Romania reported a turnover of $16.4 mln (14 mln euro) in 2004 and expects an increase of 40 pct on the year in 2005. The company currently holds 49 pct of the market and plans to invest in further expansion by increasing its automotive and aircraft fleet, company marketing coordinator Mirela Nemtanu said.

DHL Romania reported a turnover of 13.5 mln euro ($15.79 mln) in 2004 and expects it to reach 17.7 mln euro ($20.7 mln) in 2005.

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Source: Romania Online