Romania Feed

Investors continue to shift their attention from office investments towards other real estate segments, as per a report by international law firm CMS and commercial real estate services and investment firm CBRE.

Representatives of the Foreign Investors Council (FIC), an association that brings together the leading foreign-held investors in Romania, believe that authorities must work on a series of measures targeting the stability, predictability, transparency and clarity of the legal framework in order to enhance the attractiveness of the Romanian market.

Eleven Ventures, the Bulgarian venture capital firm focused on pre-seed and seed investing in Southeastern Europe, on Wednesday (Oct 19) announced the launch of Eleven Alpha – a three-month program intended for entrepreneurs taking the first steps towards developing their own businesses.

Google’s team in Romania has reached around 400 people and will continue to grow in the coming period, according to the company’s representatives.

Oradea-based startup Octavic, a provider of digital solutions for the manufacturing industry, is now in a stage of international expansion.

2022 will mark a return to growth for Avon, a major player on Romania’s cosmetics market, after three years of decline partly fueled by the pandemic.

Bucharest-based Constantin Grup, founded by Constantin Beu, targets turnover of close to RON100 million this year from rail freight transportation and locomotive leasing.

German-held building materials maker Xella is carrying out investments to expand the production capacity it has at the plant of Prahova county.

Home appliances maker De’Longhi Romania currently has 120 jobs available at the Jucu, Cluj county, coffee machine plant.

Europe's ten largest coffee shop networks together had more than 13,500 shops at the end of last year and Romania’s 5 to Go company accounted for 350 or 2.5% of them. The chain entered the top ten of the coffee shop network ranking on the tenth place in 2021, according to Food Service Europe & Middle East data analyzed by ZF.

Franklin Templeton, the manager of Fondul Proprietatea (FP.RO), recommends shareholders such as Pillar II pension funds, mutual funds and Silver Point Capital, to vote for a dual listing of Hidroelectrica at the General Meeting on November 15 and calls for caution to the proposal of the Finance Ministry, which owns 6% in the fund, about getting the money from the IPO as dividends.

Rondocarton, part of the Austrian group Rondo Ganahl, and one of the largest producers of corrugated cardboard in Romania, posted almost EUR60 million revenue in the first half of 2022, compared with the same period last year, the company said.

Lender Banca Transilvania (TLV.RO) has approved at the Extraordinary General Shareholders Meeting of October 18, 2022 the unfolding of a program of corporate bond issues, denominated in euro and/or RON and/or in another currency, with a maturity of no more than ten years, with the frequency of the annual or semi-annual coupon, as per a stock market report.

Vassilis Stavrou has been appointed Chief Executive Officer (CEO) of Valvis Holding Group and Executive Vice-President for International Development of Carpathian Springs, the bottler of AQUA Carpatica mineral water brand.

Companies in Romania lose large sums every year because of fraud schemes orchestrated by or with the help of their own employees, according to Corporate Intelligence Agency, a company specialized in intelligence services and risk management for the private sector.

Money transfer fintech TransferGo, launched in London in 2012 by four Lithuanian entrepreneurs, has exceeded the threshold of five million active customers, of which two million clients have been enticed over the last year.

New car registrations in Romania grew by 7.9% on the year to 95.276 units in January-September 2022, placing the country 13th in the EU, data from the European Automobile Manufacturers Association (ACEA) and the association of automotive manufacturers in Romania (ACAROM) showed on Tuesday (Oct 18).

In 2022, Romanian employees focus mostly on increasing their income to cope with price increases (25%), on finding a new job (20%), on professional development (13%), on finding job satisfaction (10%), on avoiding burnout (8%) and on keeping their current jobs (6%), as per the latest survey conducted by online recruitment platform BestJobs.

Polish company Alsendo, held by private equity fund Abris Capital, one of the most active private investors in Romania, has acquired the majority stake in Innoship, a local startup offering fast delivery solutions for companies in the retail and e-commerce industry.

Mastercard plans to launch a global program enabling financial institutions to bring secure crypto trading capabilities and services to their customers.