Romania Feed

Kantar, the world’s leading data-driven analytics and brand consulting company, announced that Link AI, its AI-powered ad testing solution is now available on Kantar Marketplace, its agile market research platform. Romania is included.   Link AI, launched in June 2020, is the first fully AI-powered solution featured on Kantar Marketplace. Already used by clients including […]

SARMIS Capital, the largest private equity fund dedicated to Romania and neighboring countries, acquired the majority stake in Smart ID Dynamics, a market-leading Romanian automation company. SARMIS is partnering with Mr. Daniel Boangiu, the CEO and co-founder of the company, and with Mr. Romeo Iacob, co-founder and Board Advisor, aiming to further consolidate SMART ID’s […]

Modern food retailers in Romania target some 600 new store openings and relocations in 2022, which means the universe of local hypermarkets, supermarkets, modern convenience stores, discount and cash & carry stores will be nearing 4,500 units, in line with calculations by Ziarul Financiar daily.

Pharmacy chain Professional Farma Line, held by Razvan Munteanu and Horia Bunget, opened two more pharmacies in Prahova County in early 2022, reaching a 25-unit network.

Romanian startup Humans.ai enters the UAE (United Arab Emirates) market following a partnership with Deca4, a blockchain consultancy studio based in Dubai.

Roca Industry, through Holdingrock1, a holding company that brings together the companies BICO Industries and SARCOM, building materials manufacturers belonging to ROCA Investments platform, debuts on the Bucharest Stock Exchange on January 27 under the ticker symbol ROC1.

Capital city of Bucharest registered 14,004 jobless people (of whom 7,436 women) at the end of December 2021, taking the unemployment rate to 1.14%, data from the Bucharest Municipal Employment Agency showed Wednesday.

Central European private equity investor Abris Capital Partners on Wednesday said it signed an agreement to acquire Romanian dental consumables and equipment distributor Dentstore.

Ana Birchall, former social democrat justice minister back in 2019, was appointed Special Envoy for Strategic and International Affairs at Romania's nuclear power producer Nuclearelectrica (SNN.RO).

Sadalbari SRL, the majority shareholder of Romanian insolvent fiber optic cable producer Romcab Targu Mures (MCAB.RO), has increased its ownership stake in Romcab following two acquisitions of stocks worth almost RON51,400 (EUR10,000), in line with calculations by Ziarul Financiar (ZF) daily based on data from a document released on the stock market.

AmCham on Wednesday welcomed Romania’s success of being one of the six candidate countries with which the Organization for Economic Co-operation and Development (OECD) has decided to open accession discussions.

Raiffeisen Bank on Wednesday said it assisted investment fund Insight Investment, as financial advisor, on the sale transaction of Dutch-based company Thames Farming Enterprises to African Industries Group (AIG), with investments in Europe, the Middle East and West Africa.

The mergers and acquisitions (M&A) activity in Romania rebounded strongly in 2021 against 2020 in terms of deal value, which climbed 32% to $6.2 billion (EUR5.2 billion), and deal numbers that stood at 178, underscoring the strength of investor confidence in the Romanian business climate and its recovery post-COVID, especially in the second half of the year, in line with an EY analysis.

Natural gas producer and supplier Romgaz (SNG.RO) targets operating revenue of RON12.3 billion and net profit of RON1.73 billion in 2022, in line with the company’s draft budget of revenue and expenditure for 2022 which is subject to shareholders’ approval.

Companies operating in the financial, medical services, IT&C and retail sectors were the most active tenants on the office leasing market in capital Bucharest in 2021, in terms of the average transaction size, according to real estate consulting firm Cushman & Wakefield Echinox.

The Romanian real estate market has enough resources for a strong pick-up in activity in 2022, subject to how the pandemic will evolve, as well as other new themes, Colliers consultants predict. Consequently, 2022 could be a record year for real estate investments in terms of market activity, with the industrial market also potentially ready to set new benchmarks.

The mergers and acquisitions (M&A) market set new records in 2021 in terms of both volume and value. The number of announced deals exceeded 62,000 globally in 2021, up an unprecedented 24% from 2020, and publicly disclosed deal values reached all-time highs of US$5.1 trillion, in line with PwC Global M&A Industry Trends 2022 report.

The Executive Board and Supervisory Board welcome the intention of the CPI Property Group (CPIPG) to benefit from the company’s attractive growth potential and support the development and expansion of IMMOFINANZ as a long-term major shareholder. However, the price offered by CPIPG for the IMMOFINANZ share is significantly lower than the current value of the […]

Burger King Romania, operated by AmRest, one of the largest European restaurants and foodservice platforms, has introduced new products in the menus of its restaurants starting January 2022. The focus is on chicken products, in line with Burger King’s goal to continue to develop its chicken products offer in Romania until the end of 2022. […]

As part of its Capital Markets Day, wholesaler METRO unveils its “sCore” growth strategy today. The name is a combination of “score”, meaning hitting the stated targets, and “core” for METRO’s strong wholesale core. In the coming years, METRO aims to step up the pace of its growth, maximise its value proposition and, with its […]