Romania Feed

Dentons, the world’s largest law firm, assisted a consortium of banks—Erste Group Bank, Raiffeisen Bank International, Raiffeisen Bank Romania and Banca Comerciala Romana— in financing the acquisition by Supernova Group of six prime shopping centers operating under Cora brand name from the Louis Delhaize Group.

Euro Vial Residence, one of the most important real estate developers active in Constanta’s regional real estate market, acquired at the end of last year a plot of land of 2,500 square meters located in Mamaia North, in a transaction of over EUR 1,5 million.   The land, located in the immediate vicinity of Sea […]

Real estate consultancy Colliers brokered the sale of the Class A Dacia One office project, developed by ATENOR, to Paval Holding, the owner of Dedeman, the largest local DIY retailer. The value of the deal is approximately EUR 50 million.   Located in the center of Bucharest, at the crossing between Calea Victoriei and Dacia […]

Real estate developer Euro Vial Residence has acquired a plot of land of 2,500 square meters located in the seaside resort of Mamaia Nord, in a transaction worth over EUR1.5 million, the company said in a statement.

The 15-year EUR90 million loan granted by the European Investment Bank (EIB) to Distribuie Energie Electrica Romania S.A. (DEER), the electricity distribution subsidiary of the Electrica Group, represents the second part of EUR210 million EIB backing for EUR300 million of new ambitious energy infrastructure investment by Electrica Group.

People across the globe see national governments as primarily responsible for tackling climate change (54%), followed by the UN (40%), according to the results of a new Vodafone Institute survey conducted by Kantar, which included 17,000 people from 17 countries, including Romania. And digitalisation is considered by most to be a solution for achieving climate […]

New vehicle registrations in Romania fell by 4.1% in 2021 compared to 2020, but electric vehicles soared by 109.1% reaching a 15.5% market share, data from the Automotive Manufacturers and Importers Association (APIA) showed Thursday.

Egger Romania, part of the Austrian supplier of wood-based material for furniture industry and interior decorations, construction and flooring Egger, in 2021 earmarked over EUR16 million for investments meant to improve technological processes at the plant of Radauti, Suceava county.

Retail turnover, the most important private consumption indicator, in the first 10 months of 2021 rose in gross series by 11.1% against the year-earlier period, with this being the second best performance after 2008, after the 13.5% increase of 2006.

Mihai Nica, co-founder of Tehmag, a company that sells industrial machines, says he plans to start production of Bielda industrial machines in Romania in 2023.

Romanian-held pharmaceutical products manufacturer Biofarm, the fifth largest player on this market by turnover, plans to add internally-developed products to its portfolio, especially as the company in 2021 opened a new production unit in Bucharest.

Laura Teposu, CEO of Libris, a major player on Romania’s book market, says it’s very hard at this moment to budget for a construction amid soaring raw material prices. Her statement comes as Libris wants to build a new 5,000-sqm book warehouse, similar with the existing one.

Raul Ciurtin, founder of Prefera Foods, a major player on Romania’s canned food market, plans to bolster the value of exports, now weighing 4% in turnover, to 30% of total revenues.

ABN Systems International, an entrepreneurial company that distributes IT&C products and accessories and owns the Tellur brand, has raised RON5.5 million from investors through an IPO, the first on the AeRO market, which started on December 15, 2021 and closed on January 4, 2022.

The year 2022 will bring only 138,000 square meters of office space to Bucharest’s office space market, almost half the volumes of 2021, as developers slowed down due to the pandemic.

Deciding to take out a bridging loan should not be done without prior planning and forethought. It also requires lots of research to ensure that a bridging loan is the best option for you. To help you understand the process, we’ve listed the three key factors you should consider when it comes to bridging loans. […]

Artists produce things for the purpose of aesthetics, which was not previously appreciated in the practical realm of commerce. However, times have changed. The economy is now brimming with chances and gigs for artists all around the world.   There are several creative art business ideas available, but some have the potential to be more […]

France’s multinational, multifaceted, marketing and communications giant Publicis Group has acquired Bucharest-based Tremend, one of the largest independent software engineering companies in the region of Central and Eastern Europe.

With Bitcoin having experienced a huge year that provided a number of twists and turns throughout 2021, there will be many questioning what 2022 can offer cryptocurrency and the entire industry over the course of the next 12 months.   As everyone will already know, crypto is incredibly volatile, thus making it extremely hard and […]

One United Properties (ONE.RO), a real estate developer of premium residential projects in Romania, benefits from the Issuer Market Maker (IMM) services provided by Raiffeisen Centrobank starting January 3, 2022.