Romanian TCE Holding expands to Hungary with parcel services subsidiary

Romanian courier company TCE Holding recently opened its first office outside Romania in Budapest, Hungary.

“TCE Worldwide already had deliveries and partnerships in Hungary, but the Romanian border prices were calculated under international transport. From April our trucks will be in the Hungarian capital and our services will be priced as local transport,” said Sorin Sofian, CEO TCE Holding. By opening the mini hub in Budapest, TCE Holding becomes the first Romanian parcel service to set up an office outside the country. In April there was an estimated 2,500 services to and from Hungary."The price for delivery in Hungary will now fall on average by 40 percent, including door to door delivery services.” said Sorin Sofian. TCE Holding is owned by Octavian Radu, who also controls RTC group, which posted a turnover of EUR 19 million last year. Ioana Toader, ioana.toader@romania-insider.com