Poland’s Elemental Holding Group based in Luxembourg has taken over the majority stake in Romanian ACC Recycling Services and plans to invest almost EUR20 million in a plant for recycling electronic and electrical equipment waste in Deva, Hunedoara County, the group said.
Pharmaceuticals company Sanofi Romania, the local division of French giant Sanofi, has announced the appointment of Buğra Kulak as Head of Pharma and Country Lead of Sanofi Romania.
Romania had the highest annual inflation rate, of 4.8%, among European Union Member States, in September 2024, data from Eurostat, the statistical office of the European Union, showed on Thursday (October 17).
Romania's Competition Council is analyzing the transaction through which Essilor International SAS intends to take over Optical Investment Group SA and its subsidiary, Optical Network Services SRL.
Romania's Ministry of Finance has attracted over RON1.5 billion and almost EUR387 million (values totaling over RON3.46 billion – EUR697.2 million), through the fifth primary offer for the sale of government bonds for the retail investors (FIDELIS) held this year through Bucharest Stock Exchange’s (BVB) systems.
Law firm Filip & Company has assisted investment fund AGISTA, part of Impetum Group, in the signing of the contracts for the sale of its entire ownership stake in Dendrio Solutions to Bittnet Systems S.A., and the acquisition of a new stake in cybersecurity company Fort S.A., listed in the AeRO market of the Bucharest Stock Exchange.
PepsiCo, a major player in the field of snacks and soft drinks, has appointed Razvan Lungu as CFO for the East Balkans region.
British software services company Endava has renewed the leasing contract for office space in UBC building, part of Iulius Mall Cluj development, for another five years.
The stock of industrial and logistics spaces in Romania is likely to overshoot 8 million square meters at end-2025, should the annual 500,000-sqm expansion pace maintain, is the conclusion of the latest Romania Industrial & Logistics Market report drawn up by real estate consultancy Cushman & Wakefield Echinox.
A multidisciplinary team made up of Reff & Asociatii lawyers and Deloitte Romania financial and fiscal consultants have assisted investment fund SARMIS Capital in taking over the majority stake in paper producer MG-Tec Industry.
The Romanian banking system is undergoing a favorable period from the perspective of the main financial and prudential indicators, as it continues to boast solvency, profitability and balance sheet structure indicators that are better than the European average and that are also positioned within the best prudential intervals set by the European Banking Authority.