Romania Feed

Raben Group, the European logistics operator, has signed an agreement to purchase 100% of shares of the Austrian company Bexity from its current owner, Mutares.   As a result of the transaction, over 500 employees and 16 branches of Bexity, with headquarters in Vienna, will join the Raben family. The transaction was initiated in December […]

Romania has implemented the temporary protection mechanism for citizens coming from Ukraine, approved by the European Commission at the beginning of March 2022, through the EU Decision 2022/382. Opinion article by Raluca Bontas, Partner, and Mihaela Vechiu, Manager, Global Employer Services, Deloitte Romania   Thus, people who arrive in Romania, eligible to obtain temporary protection […]

2021 was a year of record revenue and profits for the Kingfisher Group, according to the global financial results released today: GBP 13.2 billion in sales and a profit increase of 20.9%. The company also gained market share in the UK and France and returned over £550m to shareholders, including dividends and ongoing £300m share buyback.   “Kingfisher […]

In recent years we have witnessed a series of important changes in labor law, determined both by the need for companies to keep their employees motivated and productive and by the trends imposed by the new generations who value more the work-life balance and who prefer jobs with flexible hours to the rigid standards imposed […]

Aurachain, the low-code software development platform, will enter the North American market after gaining significant traction in Europe and the GCC.   Aurachain’s low-code platform, which enables enterprise organizations to rapidly build and launch process and distributed ledger applications, is widely used in multiple sectors, with a focus in financial services. The low-code application platform offered by […]

Immofinanz, one of the leading real estate investors in Romania, is entering the coworking space market, with the mycowork brand, a component of the myhive flexible offices, implemented since 2020 across several European cities.

After sharp declines, accompanied by strong safe haven movements, in February and the first week of March, stock markets began a rapid recovery. Stock market lows were set two weeks ago. By Claudiu Cazacu, XTB Romania   The Bucharest BET index recovered 19.7% from the lows (March 7) until the end of Tuesday, March 22. […]

Tema Energy, a Romanian data center developer, with a turnover of EUR8.75 million in 2021, will be listed on the Bucharest Stock Exchange in the first half of 2022.

Dedeman, the largest do-it-yourself (DIY) retailer on the Romanian market, has recently acquired from Tiriac Imobiliare a plot of land of 14.5 hectares in northern Timisoara (western Romania), next to the future Ikea store, in a transaction brokered by real estate consulting firm Colliers.

Banca Transilvania (TLV.RO), Romania's largest lender by assets, said in a stock market report on Thursday that it is summoning its shareholders on April 28, 2022 to approve, among others, the distribution of RON800 million from its 2021 net profit as cash dividends, and an increase in the share capital by RON765 million by issuing new shares.

Visual Fan (ALW.RO), a company listed on the Bucharest Stock Exchange and owner of the Allview brand, on Thursday said it is summoning its shareholders on April 27, 2022 to approve, among others, the distribution of 60% of the company's 2021 net profit as dividends.

Fiberglass mesh producer BICO Industries, held by ROCA Industry, has completed the acquisition of the company Terra Impex based in the Republic of Moldova; the investment plan, including the price of the transaction, reaches RON19 million.

OMV Petrom, the largest integrated energy company in South-Eastern Europe, said in a stock market report on Thursday said it commissioned its first photovoltaic park and the electricity produced will be used for own consumption, within the company’s Exploration and Production division.

Real estate developer One United Properties (ONE.RO) has acquired from Auchan Romania the building of the former Ford factory in capital city Bucharest.

Perfect Dent, a stomatology clinic of Bucharest, developed by dentist Denisa Zaharia 16 years ago, reached RON3 million turnover in 2021, up 45%.

Romanian businessman Iulian Dascalu, owner of Iulius Group, has started the licensing process of a mixed-use project near Romexpo in Bucharest, through the company Factory Business United held by Bogdan Mihaila, the manager of Iulius Real Estate. This will also be the group’s first development in Bucharest.

Alba-based building materials manufacturer Florea Grup is installing a photovoltaic project comprising four parks with a 10,000-sqm total area for the four Petra Pavaje plants in owns on industrial platforms of Alba Iulia, Ploiesti, Arad and Roman.

Stationery and office equipment importer and wholesaler Dacris, held by the Fati family, in 2021 posted EUR23 million turnover, just 2% higher on the year.

Premier Energy PLC, a natural gas supplier and distributor held by Czech private equity firm Emma Capital, is preparing to go public on the Bucharest Stock Exchange through a share sale, and the Financial Supervisory Authority (ASF) has delegated the power to approve the prospectus to the watchdog in Cyprus, where the company is registered

The net assets of the 233 domestic and foreign open-end and closed-end investment funds operating in Romania dropped by 3.1% in February 2022, to RON52.1 billion (EUR10.5 billion), and by 2.9% since the beginning of 2022, in line with the latest data from the Association of Fund Administrators.