Romania Feed

Deloitte Romania and Reff & Associates | Deloitte Legal assisted Knauf Insulation, one of the world’s largest manufacturers of insulation solutions and part of the German Knauf group, in taking over the glass mineral wool factory Gecsat SA located in Tarnaveni, Mures county. The transaction was completed following the notification of the Competition Council.   […]

The list of projects getting the technical approval to connect to the network is expanding by the month, with the newest wind parks set to start operating including the 75 MW one of Botosani, having Italy’s Alerion behind it.

Anchor Grup, one of the top players on the real estate market in Romania, announces Select Residences, its newest premium residential complex in the company’s portfolio, after a planned investment of 40 million euros.   About half of the investment value is covered by financing from Libra Internet Bank, the partner bank in the project’s […]

Anchor Grup, a major real estate developer in Romania, will build a new housing compound in Bucharest, Select Residences, in Dristor/Vitan area, in the wake of planned EUR40 million investments.

Sodexo Romania, the local market leader in extra salary benefits to improve the quality of employees’ life, has closed a strategic partnership with IKEA, one of the largest furniture retailers, to allow its customers to use Gusto and Gift cards in IKEA Romania stores.   Through this partnership, two of the Sodexo extra salary benefit […]

There is hardly any business that thrives in the present global economy that does not rely on the power of social media. One of the social media platforms that has made it easier for business owners to engage their audience is Instagram.   Here is a List of Our Top Six Sites Our first pick […]

Filip & Company law firm advised alongside Linklaters LLP a syndicate of banks including UniCredit Bank and Raiffeisen Bank as Coordinating Banks, Bookrunners, Mandated Lead Arrangers and Lenders and Banca Comercială Romana, ING Bank and OTP Bank Romania SA, acting as Mandated Lead Arrangers and Lenders in the EUR 127 million financing of Green Group, […]

Romanian DRUID, the startup launched by Liviu Dragan, founder of Totalsoft, has raised $15 million in a new funding round, with the funds set to be used to support its international expansion with accelerated focus on Europe and North America, by increasing headcount.

Head of Industrial & Business Development since last September, Victor Cosconel also takes over the management of Office 360° at Colliers starting with May 1st. He replaces Sebastian Dragomir, who has been responsible for developing new growth strategies for the department over the last 5 years.   With more than 20 years of experience in […]

Nagarro, a global leader in digital engineering, presented its audited financial numbers for 2021, its first full year as an independent company. In addition to the strong growth, the inclusion in the SDAX and the TecDAX of Deutsche Börse were particular highlights of the 2021 financial year.   Demand was strong for Nagarro’s services, while […]

The four-star Zenith Hotel in the Black Sea resort of Mamaia expects a better summer season in 2022 than last year’s, when it was close to the reference year 2019.

Romania's finance ministry raised EUR245 million on Monday (May 2), below the planned level of RON300 million, selling bonds maturing in 2027, at an annual average yield of 6.93%.

Credit Europe Bank Romania on Monday said it ended 2021 with a net profit of RON70 million, compared to loss of RON17 million in 2020.

ROCA Industry, a holding company set up by ROCA Investments as Holdingorck1 with the Trade Register, has signed a contract for a full (100%) takeover of Dial, a Romanian company with over 20 years of experience in manufacturing wire products, such as fence panels.

The European Commission has approved a EUR1.9 million Romanian aid measure to compensate Tarom for the damage suffered on 14 routes due to the coronavirus pandemic and travel restrictions between July 1 – December 31, 2020.

The bonds issued by the Municipality of Bucharest through the City Hall of Bucharest (PMB) are now traded on the Main Market of the Bucharest Stock Exchange.

Romania's foreign exchange reserves increased by EUR358 million in April 2022 versus March 2022, to EUR40.5 billion, central bank data showed Monday.

The Dr. Leahu dental clinic network, listed on the AeRO market of the Bucharest Stock Exchange, invested RON18.8 million in 2021 to expand its business along with the opening of five new dental centers in the Romanian cities and towns of Bucharest, Ploiesti, Galati, Cluj and Craiova.

Green Group, a group of firms active in the recycling sector and majority owned by investment fund Abris Capital Partners, has recently contracted a multi-jurisdiction financing of EUR127 million from a syndicate of banks made up of Banca Comerciala Romana (BCR), ING Bank, OTP Bank Romania, Raiffeisen Bank and UniCredit Bank.

Teads, the Global Media Platform, announced financial results and shared operating highlights for the Fiscal Year ended December 31, 2021. Teads reported revenue of $678 million for FY 2021, representing growth of 25% year-over-year.   Jeremy Arditi, co-CEO of Teads, commented: “Teads delivered a strong financial performance and continued to innovate and advance new advertising […]