Romania Feed

The Bucharest National Airport Company (CNAB), which administers the Henri Coanda (Otopeni) and the Aurel Vlaicu (Baneasa) airports, said in a statement that it registered an 82.2% surge in traffic to 12,61 million passengers in 2022 versus 2021.

Greek investment fund Bluehouse Capital, active on the European and Southeast market, has sold the Olympia Tower office building in capital city Bucharest to Yellow Tree.

Law firm RTPR announces that it promoted Ana Popa, Andrada Rusan and Diana Dimitriu to the position of Senior Associate, and Lia Ilie and Codrina Simionescu to the position of Managing Associate.

PeliPartners has promoted Denisa Frincu to the position of Senior Associate starting with January 1, 2023.

In November 2022, the volume of construction works in Romania rose, in unadjusted data, by 20.3% compared to November 2021 and was up 20% when adjusted to the number of working days and to seasonality, in line with data from the country’s statistics board INS.

Premier Energy, a major natural gas supplier in Romania, has acquired the wind park of Nalbant, Tulcea, which boasts one of the best yields in the country, from Enex SRL.

Hefestos Capital, an investment banking firm of southeastern Europe, founded by Serbs Milutin Nikolic and Pavle Kavran, has bought from Russian group TMK the stock held in German company TMK Europe, which is the main stakeholder in Romania’s TMK Artrom SA.

Redport Capital, a major Romanian real estate developer active in Bucharest’s north, has acquired 10,800 square meters of land and 4,700 square meters of warehouses in a EUR3.2 million deal from HAVI Logistics.

Alba-based building materials producer Florea Grup, which also operates in the tourism, energy and transport fields, in 2022 reported EUR60 million turnover and profit worth around EUR5 million.

Retail space deliveries will increase significantly in 2023, considering that over 230,000 square meters of retail spaces are currently under construction and are planned to be completed by the end of 2023, which would represent a record high of the last six years, as per data from real estate consulting firm Cushman & Wakefield Echinox.

Israel’s Nofar Energy, one of the biggest commercial and industrial solar companies in the world, has signed a contract to acquire a solar energy project of 73 MWp, in Romania's locality of Slobozia (Giurgiu County).

The association made up of CCAT Solution Grup and Egis have been awarded a EUR5 million contract to provide supervision of contract for construction and rehabilitation works under the Regional Water and Wastewater Infrastructure Development Project in the operation area of EUROAPAVOL, during 2014-2020.

Companies leased a total of 332,922 square meters of office space last year, which includes new office space leases and contract renegotiations. Demand for new office space is up 13% in 2022 compared to the previous year, according to Fortim Trusted Advisors data.

Romania’s Henri Coanda (Otopeni) international airport served more than 12.6 million passengers in 2022, over 80% more than in 2021, according to the data from Otopeni Airport representatives.

Dentons, the world’s largest global law firm, advised NEPI Rockcastle on a EUR60 million green financing for Ploiesti Shopping City from a syndicate of lenders led by BRD Groupe Société Générale.

The mergers and acquisitions (M&A) market in Romania reached a record high in terms of value and number of transactions in 2022, as the total estimated market value for both disclosed and undisclosed value transactions reached approximately EUR6.5 billion-EUR7.5 billion, while disclosed value transactions amounted to EUR4.1 billion, according to an analysis by Deloitte Romania.

Delivery service company Sameday Group ended 2022 with a turnover of RON800 million, up 28% from 2021, after entering the markets of Hungary and Bulgaria and expanding the easybox network by 58%.

NextUp Solutions, one of the largest business software solutions companies, with more than 5,500 companies in its customer portfolio, saw a 50% increase in turnover at end-2022 versus 2021, company representatives said in a statement.

2022 was the best year in the labor market for candidates and employees, in terms of the large number of jobs available in the market and the efforts made by employers to attract and retain them – raising salaries, diversifying the packages of extra-salary benefits or flexibility related to hybrid work.

Law firm KPMG Legal- Toncescu si Asociatii continues its expansion by employing two experienced senior lawyers, namely, Sandra Frunzulica and George Manea.