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Romania's Competition Council has approved the transaction by which Japan's Niterra Co., Ltd. plans to acquire Japan's Toshiba Materials Co., Ltd..
Romania merger and acquisition market posted 57 deals in the first quarter of this year, up 8% from Q1/2024, but by value declined by 30% to EUR968 million, in line with data analyzed by PwC Romania.
BSOG Energy, a company owned by Black Sea Oil & Gas specialized in the development of biomethane production projects in Romania, and entrepreneurial company Unigrains Trading, controlled by Theodor Ichim, have inked an agreement for a biomethane and organic fertilized combined production unit, with a capacity of 57 MW of biomethane and over 250,000 tons of organic fertilizers per annum.
Polish retailer LPP, present in Romania with all its five brands, Sinsay, Reserved, Mohito, Cropp and House, has reached around 250 stores in locally after having opened 60 in 2024 financial year.
Transavia, one of Romania’s largest poultry producers, has reached one million square meters of production spaces and plans to build another 100,000 square meters this year.
The Financial Supervisory Authority (ASF) has officially approved the change of the name of investment management company SAI Certinvest to SAI Capital Point, a decision, which, company officials say, reflects a change of vision, pace and energy.
The European Union member states with the highest current account deficit in the fourth quarter of 2024 were Romania (minus EUR9.4 billion, compared with minus EUR8.5 billion in the third quarter of 2024) and Greece (minus EUR7.3 billion), as per the latest report by the European Statistical Office (Eurostat).
Skanska has signed an agreement to sell the first phase of Equilibrium office complex in Bucharest to Gordiusz Private Equity Fund, managed by Gránit Asset Management.
Bucharest's office market is experiencing a major shift, marked by limited supply and increasing rental costs for prime spaces, according to a report by Colliers.
International Finance Corporation (IFC), a World Bank member, is supporting a $42 million equivalent debt financing package to Agricover Credit IFN, Romania’s largest non-banking financial institution specializing in agriculture.
Grain trader Agropec Dionis, controlled by entrepreneur Nagy Dionisie and based in Cetatea de Balta, Alba County, posted about RON117.4 million (EUR23.6 million) revenue in 2024, 6.3 times lower than the previous year’s RON740.5 million (EUR149.7 million), according to ZF calculations based on Finance Ministry data.
Dutch-Belgian group Ahold-Delhaize, which owns modern grocery retail chains Profi and Mega Image in Romania, has hired 100 people for its technology studio in Bucharest, which it opened last year. The target is to reach 250 employees, which the group last year said could be done by the end of 2025.
Tire and inner tube distributor Nexxon ended 2024 with a turnover of RON215.6 million (EUR43.3 million), up 0.5% versus 2023, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Self-adhesive labels and flexible packaging producer Sunimprof Rottaprint exported its products to 16 countries worldwide in 2024, compared to 14 countries in 2023, and targets a nearly 10% annual increase in exports in 2025.
77% of CEOs in Romania expect AI will be systematically integrated into business processes and operations to a moderate, high or very high extent over the next three years, according to the PwC Global CEO Survey for Romania.
DN Agrar Group (stock symbol: DN), the largest integrated livestock farm in Romania, forecasts net profit of RON38.8 million in 2025, up 22.3% against the 2024 net result, and a turnover of RON211.6 million, up 20.4% vs 2024, in line with calculations by Ziarul Financiar (ZF) daily based on the company's 2025 budget of revenues and expenditure and on the preliminary financial statements for 2024.
TEILOR Holding S.A. (TEILOR), a group of companies that includes the luxury jewelry chain TEILOR, Teilor Invest Exchange and the financial brokerage company Invest Intermed GF IFN (MoneyGold), is listing two new bond issues, one in lei and one in euro, on the Multilateral Trading System of the Bucharest Stock Exchange (BVB), with a total amount of RON21.9 million.
Romania's Finance Ministry raised RON1.4 billion from banks on Thursday (April 3), selling government paper in two auctions, at annual average yields of 6.36% and 7.22%, respectively.
Cyberhaven, an AI-powered data security startup established by three Romanians – Radu Banabic, Cristian Zamfir and George Candrea and two Ukrainians – Volodymyr Kuznetsov and Vitaly Chipounov, has announced it got $100 million in a Series D round of funding led by StepStone Group, together with new investors Schroders and Industry Ventures.
Romania is currently undergoing an accelerated transformation of the e-commerce market, generating an ever-growing demand for industrial & logistics spaces, according to the "Quo Vadis E-commerce" report released by Cushman & Wakefield.18957 items