Gefco Romania estimates business up to €23 mln

Romania is currently a regional distribution hub for the Ukraine, Bulgaria and Serbia, he added.

According to several studies, the local logistics market is estimated to be worth some €5 billion, with 22 percent annual growth potential by 2010, according to Renard. “Estimates include the entire logistics market and are provided by various studies. Some say the market is worth between €5-9 billion,” he said during a debate on Romania’s transportation market.

Gefco Romania is the local subsidiary of French Gefco group. The company started operations in Romania in 2005, and currently has two storage facilities in the cities of Bucharest and Arad, and a platform for auto logistics operations in the town of Curtici in north-western Romania.