Romania Feed

Hotel group Accor, a major player on Romania’s hotel market, is expanding its portfolio with a new Mercure hotel in Cozieni, Ilfov county.

MedLife Solomed Pitesti is likely to reach turnover worth around EUR3 million this year, 20% higher than last year’s, with the main investment project for 2022 envisaging the completion of a hyper-clinic worth around EUR2 million.

Hidroplasto, a Botosani-based company that owns a plant producing construction items from PVC waste, wants to build another plant and aims to reach EUR3 million turnover this year.

Zentiva (SCD.RO) the largest pharmaceutical producer with facilities of its own in Romania, ended the first quarter of 2022 with growth of 7% in revenue to RON169.2 million, compared with the same time last year, the company said in its report with the Bucharest Stock Exchange.

The most sought-after positions, in terms of both jobs and reviews, on the Undelucram.ro platform are in the sectors of IT, retail, BPO, banking and Human Resources, according to Undelucram.ro data, the largest online community of employees in Romania.

SIF SPV TWO, a company of the SIF Banat-Crisana (SIF1.RO) Group, on Wednesday bought the site of the „Tutunul romanesc” plant in Bucharest. The previous site owner was Interagro SA, a company under reorganization, and SIF SPV TWO bought it at an auction held by insolvency specialist CITR, for EUR33.5 million.

An EPM software solution (acronym for Enterprise Performance Management) is a term that contains all the tools intended to support the project management processes of a given company.   Contrary to what we might think, these types of solutions are not new. However, in recent times they have become increasingly popular. Depending on what each […]

The economic and financial context we are going through is full of challenges, being marked by exceptional situations such as: the prolongation of the Covid-19 pandemic, the dysfunctions in the production and distribution chains, the increase of prices in the energy sector and the military aggression of the Russian Federation against Ukraine, with profound economic […]

The cloud is one of the most in-demand and active technologies today. It has altered old business models and enabled new workplace capabilities such as online collaboration and AI as a service. Cloud migration has become a matter of how, not if, for most businesses.   A cloud migration occurs when a business moves some […]

SIF Hoteluri (CAOR.RO), a company almost entirely held by regional investment fund SIF Banat-Crisana (SIF1.RO), on Wednesday reported a net loss of almost RON760,000 for the first three months of 2022, as compared to a net profit of RON4.6 million in the first quarter of 2021.

The residential sales market is expected to go through a period of stagnation and correction, as harsher lending conditions, inflation and rising construction costs will change consumption consumer bahavior and moderate major acquisitions, according to JLL analysts.

French real estate group Catinvest has completed the second phase of the Electroputere Parc development and it will soon finalize expansion works on the Electroputere Mall which will enable the opening of new stores, restaurants and a playground.

STK Properties, an investment vehicle founded by the STK Emergent investment fund, focused on the development of real estate projects in Cluj-Napoca, went public on Wednesday (May 18), on the AeRO market of the Bucharest Stock Exchange.

Real estate company One United Properties, which develops residential, mixed-use and office real estate in Romania, on Wednesday said the One Herastrau Office office building has reached an occupancy rate of 100%.

Healthcare for 1.9 million people living in south-western Romania will be transformed following construction of a new regional hospital in Craiova backed by a 368 million Euro long-term EIB loan.

Grup Șerban Holding, a Romanian entrepreneurial company active in several fields in agriculture, announces the receiving of the approval for a project with European funds for Fabrica de Paine Șerban SRL, part of Grup Șerban Holding.   The eligible value of the project is 3 million euros, of which 1.2 million euros are non-reimbursable funds. […]

The Bucharest Stock Exchange announced that SMTLR01 pre-emptive rights issued for the share capital increase carried out by Simtel Team (SMTL) will start trading on Wednesday (May 18).

Veeam Software, the leader in backup, recovery and data management solutions that deliver Modern Data Protection, today kicked off its annual user conference, VeeamON 2022, the Modern Data Protection Conference of the Year, delivering a rich, hybrid experience to almost 45,000 registrants from across the globe.   Outlining the company’s vision for data protection across […]

Law firm Wolf Theiss acted as legal advisor to CVI Dom Maklerski sp. z o.o., a Polish private debt fund, in structuring, negotiating and executing the documentation related to the issuance of cross-border corporate bonds worth 8.5 million euros by Marcos Provit, one of the largest regional players in the pharmaceutical segment in Romania.   […]

EVERGENT Investments, the largest capitalization investment company – 1.2 billion lei – of all investment companies, reported for March 31, 2022, an increase of 11.1% in the total assets and an increase of 11.6% in the net asset value compared to March 31, 2021.   Thus, the total value of EVERGENT Investments’ assets is 2.5 […]