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Despite the uncertainty of 2020, IPO investors enjoyed a prosperous year as IPO activity proved resilient to the impact of the COVID-19 pandemic supported by low interest rates and expansionary monetary policies. Global IPO volumes continued to accelerate, increasing by 19% to 1,363, while proceeds increased 29% year-on-year to a total of US$268b. This strong […]

REGINA MARIA Healthcare Network initiates the first study to evaluate the body’s immune response to vaccination against COVID-19. At the beginning of this year, the World Health Organization (WHO) approved vaccines that have proven their efficacy and safety against COVID-19. The vaccination campaign has started successfully in Romania as well. The next step is to […]

When you just bought or sold a property, the next thing on your list is to attend to the papers that will make the transaction or transfer of property legal and binding. The legal term for this transfer of ownership is conveyancing.    Under ideal circumstances, you can do all these on your own. However, […]

Irinel Popescu, Retail Director at Metro Cash & Carry România, joins BR’s re:FOCUS on eCommerce, Retail & Logistics, which will take place in an online format on February 10, 2021.   Irinel Popescu has been with Metro Romania since December 2016, when he joined the company as Head Of Retail Franchise, before taking on his current role […]

Romanian state-owned hydropower producer Hidroelectrica plans to invest RON170 million in retrofitting works at the Bradisor hydropower plant.

Despite the difficulties and the unprecedented times, Haier Tech Romania, part of Haier Group, announces that the works for the first Haier refrigeration production facility in Europe, are proceeding according to the schedule, with production that is expected to start in the late spring 2021.   This production facility will manufacture best-in-class refrigerators, both built-in […]

One of the top Romanian executives in advertising, Cristiana Belodan, joined Oxygen as Strategy & Transformation Director. Her responsibilities include integrating all resources under the company’s new positioning as a full-service agency, developing and strengthening Oxygen’s services, as well as managing the Strategy and Creative departments. BR talked with her about this professional move, her career, trends, […]

Shares of Romanian cybersecurity company Safetech Innovations started trading on the AeRO market on The Bucharest Stock Exchange Friday under the ticker symbol SAFE.

Shareholders of Rompetrol Well Services (PTR.RO) rejected a proposal by minority shareholder KJK Balkan on the distribution policy for the RON84.37 million profit raised in previous years and approved the dividend policy proposed by majority holder KMG International.

Romania's government raised RON995 million selling bonds to the general population in January 2021, the biggest monthly amount investors subscribed since the start of the program.

German home appliances manufacturer Miele ended 2020 with 34% turnover growth in Romania, to over EUR13 million, as consumer behavior changed during the pandemic.

Fiscal facilities and the closure of courts due to pandemic restrictions led to a 42% drop in high-impact companies that accessed insolvency, from 139 in 2019 to 80 in 2020), according to an analysis by CITR, the leading insolvency practice company, part of Impetum Group.

Mortgage loan volume went up by more than 9.8% or RON8 billion to RON89 billion lei year-on-year in 2020, and lenders offset the decline in consumer loans with the higher sales for buying a home.

Fast moving consumer goods distributor Bere Bauturi Bucuresti (whose customers included Heineken and Coca-Cola), Midocar (the first importer of Volkswagen and Audi in Romania) and wire maker Dan Steel Beclean are the biggest insolvencies of 2020, a year when the Covid-19 pandemic hit many sectors of the economy.

Construction material manufacturer Joris Ide, held by Kingspan Group, targets investments of nearly EUR15 million in Romania until 2024.

Regional investment fund SIF Moldova (SIF2.RO) said in a stock market announcement on Thursday that it received from SAI Atlas Asset Management SA the notification on exceeding the 5% holding threshold of the voting rights of SIF Moldova.

Fashion House Pallady, the latest fashion house outlet developed by Belgian real estate developer Liebrecht & wooD in eastern Bucharest, in the commune of Fundeni, will open on March 25, following a total investment of over EUR25 million.

In addition to the difficulties it generated, the pandemic managed to do a good thing: unite people, who did not stay indifferent to the needs of NGOs and community projects. In 2020 alone, the Galantom platform managed to raise over 42,000 donations worth 5.2 million lei. Thus, no less than 206 NGOs and 476 community […]

The participation of BULGARTRANSGAZ, the operator of the national natural gas transmission network of Bulgaria, with 20% in the share capital of the Greek company GASTRADE that develops the Liquified Natural Gas (LNG) Terminal in Alexandroupolis, was completed today following the approval granted by the Bulgarian Commission for Protection of Competition.   The participation of […]

Datacor recorded revenues of 45 million lei (9.2 million euros) in 2020, a slight increase compared to 2019, which was a year with historical performances for the company. In 2019, the IT&C integrator obtained a turnover of 8.8 million euros and a profit of 3 million euros.   The company estimates that in 2020 the […]