Romanian postal services and courier company TCE Holding, a company owned by Romanian businessman Octavian Radu, grew its revenues by 10 percent in the first quarter of the year, compared to the same period of 2010. The company posted EUR 4.9 million in revenues in this first quarter, with most of the revenues coming from postal services and courier services to foreign destinations. The company hopes to achieve a turnover of EUR 19 million this year, a growth of 15 percent compared to 2010.

TCE Holding plans to expand the network of its postal offices in Romania this year – TCE Post-, while further developing courier services to countries like Hungary, Bulgaria, Germany and Austria, where most of the shipping has been directed so far.

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