Romania Feed

British pharmaceutical group GlaxoSmithKline has sold its last factory in Romania, namely, the Ferrosan plant in Cluj-Napoca, to Hexagon Retail Properties, a privately held group involved in real estate and retail projects in Cluj-Napoca and Bucharest.

Gabriela Neamtu, Head of Corporate Center & HR at MOL Romania, talked to Business Review about the company’s internal communication strategy, organizational culture, and more, in an exclusive BR Interview.   Which are the toughest challenges in current times for your department and how do you address them? The Coronavirus pandemic is a challenging period […]

Paper manufacturer Pehart, controlled by private equity fund Abris Capital, is inaugurating a new production line at its factory in Sebeş, following an investment of EUR10 million.

P3 Logistic Parks (“P3”) announces the results of the leasing activity for 2021, in Romania. Due to the high demand generated by the positive organic evolution of the retail, transport and logistics sectors, and to the multiple facilities available within P3 Bucharest A1, last year the company leased out approximately 113,500 square meters of logistics […]

ONV LAW Law Firm expands its Business Law and Public Procurement team and aims for a turnover of EUR 1.5 million by the end of this year, together with the new subsidiary inaugurated in Iasi. Giorgiana Barbieru, an experienced lawyer in sectors such as real estate and construction, automotive, and public administration joins ONV LAW […]

Nearly three-quarters (72%) of CEOs in Central and Eastern Europe (CEE), including Romania, expect cybercrime to increase in 2022, as last year was one of the most challenging ever for cybersecurity, according to the CEE edition of the PwC 2022 Digital Trust Insights. Only 60% of CEOs in Europe, the Middle East, and Africa region […]

STADA Romania, the Romanian subsidiary of the STADA Arzneimittel AG group, announces an investment of 48.3 million euros in a new production facility that will be built in Arieș Industrial Park in Turda, Cluj County. The greenfield project is partially supported in its implementation by the Romanian Government, through a state aid contribution. The new […]

The volume invested in real estate assets in Romania, Poland and Slovakia increased in 2021, while the Czech and Hungarian markets witnessed a downturn when compared with 2020, according to data from the Cushman & Wakefield Echinox real estate consulting company.   At the regional level, the total transacted volume reached 9.98 billion euros, a […]

Aquila Part Prod, the biggest player on Romania’s consumer goods distribution market, proposes its shareholders a share capital increase by RON150 million (representing issue premiums) from the current value of RON30 million to RON180 million.

Commercial real estate representatives (retail, business centers and offices, logistics spaces) estimate, in a proportion of 80%, a revenue increase this year compared to 2021, and 73% expect transactions activity to intensify over the next 12 months, according to the Deloitte 2022 Commercial Real Estate Outlook global study. At the same time, given that the global M&A activity increased by about 85% in the first half of 2021 compared to the previous year, 40% of the companies participating in the study said they could get involved in such transactions in the coming quarters.

The cumulative value of transactions with all types of financial instruments on the Regulated Market of the Bucharest Stock Exchange (BVB) exceeded, for the first time, the threshold of RON20 billion, the equivalent of over EUR4 billion, in 2021, BVB said in a stock market report on Wednesday.

Sortilemn Gherla, a major local supplier for IKEA group, controlled by Austrian Michael Brandhuver, in 2021 generated EUR37.2 million turnover, up 17% year-on-year, in line with company data.

Tiberiu Danetiu, marketing manager at Auchan Romania, said the company’s turnover rose year-on-year in 2021, with turnover generated by e-commerce doubling.

Romanian building materials producer Soceram is adding a new production unit to its portfolio.

Denmark’s Glerups, a producer of wool footwear, is expanding its production operations in Romania with a new hall and wants to hire 100 people in Aiud, Alba county, according to the representatives of Invest in Aiud, an association meant to promote investments in the city.

Mihai Marcu, CEO and chairman of private healthcare services provider MedLife, says the company’s 2022 investment budget stands at EUR100-120 million.

Austria’s HS Timber Group (the former Holzindustrie Schweighofer) will shut down the solid wood panel plant of Siret and the timber plant of Radauti at end-March, with 600 employees due to be affected.

Bringo Magazin, which operates the Bringo delivery platform, posted almost EUR10 million (RON47 million) revenue in 2020 (the last year with publicly available data).

Romania’s Competition Council said it was looking into a transaction whereby Poland's Unilink had joined the shareholding structure of Safety Broker in December 2021, the main insurance broker on the Romanian market.