Romania Feed

Just half an hour before the close of trading session on the Bucharest Stock Exchange on December 8, 2021, a transaction involving 6% of the share capital was processed for issuer SIF Muntenia (SIF4.RO). This is the largest transaction in recent years, Bucharest Stock Exchange data show.

French dairy producer Danone has invested EUR4 million in a new packaging line at its plant in capital city Bucharest, whereby it changes the Tetra Pak packages for the drinkable yogurts of the Danone and Activia ranges.

Startup Dronamics, which developed an own drone fleet using remote flight control systems – for freight transport through same-day drone delivery-, has raised EUR814,000 from 193 investors within a financing campaign carried out on SeedBlink, a local crowdfunding platform for Romanian IT startups, per a statement released by SeedBlink representatives.

Law firm RTPR has assisted integrated mobility services provider Autonom Services in the first corporate bonds offer and in the unfolding of the private placement of the first batch of corporate bonds issued within the offer program whereby Autonom raised over EUR48 million.

TEILOR Holding S.A., a group of companies that includes the chain of luxury jewelry stores TEILOR, Teilor Invest Exchange and financial lending company Invest Intermed GF IFN, announces the successful closing of the first corporate bonds issuance and raising of a total of 45 million lei from BVB investors. The two private placements, one in […]

ROCA Investments launches a building materials holding that brings together Bico Industries and Sarcom, the two companies in its portfolio operating in this field of activity, and also targets the listing on the AeRO market of the Bucharest Stock Exchange.

Catinvest announces the launch of EP Mall App, a mobile app based on Artificial Intelligence technology that offers Electroputere Mall customers a digital experience and benefits from retailers in the mall. Through the app, customers have access to all the information about the mall and retailers and a loyalty system that allows them to benefit […]

Jam Session Agency promotes Andreea Ghenoiu to the position of Creative Partner, the first member of the company’s team to join the stock option plan created to reward key senior employees with a proven contribution to the business growth over a long period of time, at the highest level of performance. Along with agency co-founder […]

Autonom Services, the most important independent player on the operational leasing and rent-a-car markets in Romania, continues to attract financing on the Bucharest Stock Exchange and listed today the first issue of corporate bonds in Romania related to sustainability objectives.

Publicis Groupe Central and Eastern Europe (CEE) furthers the “Power of One” model with the launch of Le Pont, which means “the bridge” in French – a nod to the company’s heritage. With Le Pont, clients have seamless connectivity (via a single contact) to the services and capabilities in the three Centers of Excellence within […]

Cognizant (Nasdaq: CTSH) today announced it has agreed to acquire Devbridge, a privately-held software consultancy and product development company headquartered in Chicago. The acquisition expands Cognizant’s software product engineering capabilities and global delivery footprint by adding more than 600 engineers, designers and product managers in Lithuania, Poland, United States, United Kingdom, and Canada.    Clients […]

The Rina Tirol and Rina Vista hotels in Poiana Brasov Mountain resort, closed almost six years ago, were sold by the judicial liquidator for over EUR4 million and the new owners target investments to re-open them to tourists.

IMMOFINANZ, one of the leading real estate investors in Romania, has sold the former Armonia Arad shopping center to Oresa, a company held by Swedish investors, with a strong presence on the Romanian market.

Top Seeds, a Romanian entrepreneurial company with turnover of above RON170 million, a provider of integrated solutions for the agricultural field, wants to list on the AeRO market of the Bucharest Stock Exchange in the first half of next year.

Intercontinental hotel, a symbol of Bucharest, will lose its name starting January 1st, 2022 and be rebranded as Grand Hotel Bucharest, after Compania Hoteliera InterContinental Romania and IHG Hotel & Resorts, the owner of InterContinental brand, did not extend the management contract they sealed in 2006.

OMV Petrom, Romania’s sole oil and gas producer, is radically changing its investment directions until 2030, with over half of the company’s budget set to go to green energy and gas.

Safety Broker, leader of Romania’s insurance brokerage market, is readying a strategy envisaging the acquisition of some brokers on the market after getting the greenlight from the Competition Council and Financial Supervisory Authority on the sale of 80% in the company’s stock to Poland’s Unilink, said Viorel Vasile, CEO and co-founder of Safety Broker.

Private healthcare operator Gral Medical, one of the biggest players on the market, controlled by Romanian entrepreneur Robert Serban, is poised to continue expansion nationwide in 2022.

MedLife, the largest private medical system in Romania, continues expansion plans and inaugurates a new medical unit in Sibiu, following an investment of over EUR2.5 million.

A number of 135,600 shares of Alimentara Slatina (ALRV.RO), a company active in retail trade in non-specialized stores, changed hands in a transaction recorded on the POFAV segment of special transactions on the AeRO market of the Bucharest Stock Exchange on Tuesday at 4.20 p.m