Romania Feed

German-held retailer Metro Cash&Carry Romania has finalized the expansion by 10,000 square meters of its logistics center in Stefanestii de Jos locality near capital city of Bucharest. The center thus reaches an area of over 65,000 sqm.

An international group of investors buys 45% of the shares of Greek-held company SoftOne Group. The capital infusion is expected to also fund the company’s development overseas as the Romanian division targets a turnover of EUR5 million until 2025.

Sodexo BRS Romania, the market leader in the extra-salary benefits and rewards services sector for the quality of life in Romania, named Marius Popescu as National Sales Director starting November 1st, 2021. The manager has been working at Sodexo Romania since 2000, joining the company early after graduating from college.   Marius Popescu (44 years […]

The market of non-performing receivables assignment is blocked in Romania due to excessive taxation of the amounts obtained from such transactions, a rule that entered into force on January 1, 2018.

The European Bank for Reconstruction and Development (EBRD) on Thursday (Nov 4) revised upwards its forecast on Romania’s economic growth to 7.2% in 2021 and 4.4% in 2022.

Concilium Consulting, consultancy company in business restructuring affiliated to Turnaround Management Association, announces the restructuring of all outstanding tax debts of Satrotec AG, international manufacturer of auto parts, having Swiss shareholding. The exemption has been obtained based on the Government Ordinance 6/2019 and aims tax debts amounting to RON two million.   “We managed to […]

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, grew to 2.40% a year on Thursday (November 4) after staying put at 2.36% a year over the last four days, per central bank data.

Wolf Theiss welcomes Bogdan Bibicu as its new partner. Bogdan Bibicu will strengthen the Corporate Investigations practice both in Bucharest and throughout the CEE/SEE region.   Bogdan brings significant experience in the areas of Corporate Investigations, Banking & Finance, Restructuring & Insolvency, Projects, TMT, Lifesciences & Pharmaceuticals. He will focus on further developing the local […]

Filip & Company assisted Banca Transilvania in finalising the acquisition from the Polosih group Getin Holding of the Idea Bank group in Romania, consisting of Idea :: Bank, Idea :: Leasing, Idea :: Broker de asigurări and Idea :: Investment. The acquisition documents were signed in June 2021, and in the meantime the regulatory approvals […]

In a busy autumn on investment arbitration, the Court of Justice of the European Union (“CJEU” or the “Court”) was invited to rule on a very interesting question – the possibility of a Member State to conclude an ad-hoc arbitration agreement that allows it to continue arbitration proceedings initiated under an invalid BIT arbitration clause. […]

Serial entrepreneur and business angel Grégoire Vigroux, along with former KPMG senior tech consultant Diego Roy de Lachaise and former Apple executive Zsolt Kadar, have launched bonapp.eco, a mobile application that aims to combat food waste, connecting consumers with retailers to sell food that is close to expiration date. The food is sold to consumers […]

Romanian property restitution fund Fondul Proprietatea (FP.RO) is summoning its shareholders on December 15 – mostly Pillar II (mandatory) private pension funds – to approve a share buyback program worth maximum RON2 billion and a special dividend of RON0.06 per share.

Writing essays is a fact of life for most college students, but the process of writing essays can also be make-or-break for many students’ college careers. Romania has the lowest percentage of people with college degrees in the European Union, and currently just over half a million students are enrolled in college in a country […]

Teilor Holding, the group of companies including luxury jewelry chain Teilor, Teilor Invest Exchange and Invest Intermed GF IFN, plans to carry out by yearend a private corporate bond placement on the AeRO market of the Bucharest Stock Exchange, with a value put at RON45 million.

BRD-Societe Generale ended the first nine months of 2021 with net banking income worth RON2.3 billion, up 1.2% from the same period of 2020, and RON920 million profit, up 25%.

Chocolate producer Kandia Dulce posted turnover worth almost RON140 million in 2020 and aims for an increase of around 16% in 2021.

Romania’s largest online retailer eMAG plans new logistics investment and it also targets regional centers that should reduce delivery times nationwide.

Wine maker Avincis, of Dragasani vineyard area, expects 20% higher turnover this year against 2020, even as this year has still been marked by pandemic-related uncertainty.

Grain and oilseeds trader Soufflet Agro Romania posted RON217.9 million (EUR45.2 million) revenue in 2020, 40% lower than the RON362 million (EUR76.4 million) revenue of 2019, Finance Ministry data show.

Logistics and international freight transport group Alexander in Arad is aiming for EUR200 million revenue in 2021.