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AROBS Transilvania Software (BVB: AROBS), a Romanian IT company, announces the acquisition of Berg Software, a local custom software development and outsourcing company, with offices in Timisoara, Lugoj, and Oradea. Following the completion of the transaction, the AROBS Group will consolidate its presence in the Western part of Romania and intends to increase its presence […]

One United Properties, one of the green developers of residential, mixed-use and office real estate in Romania, announces the conclusion of an agreement to buy a majority stake in Bucur Obor S.A., a company listed on the AeRO market of the Bucharest Stock Exchange under symbol BUCU.   “The decision to acquire the majority stake […]

To protect their health, more and more people are choosing to limit unneeded interactions with others and are opting for safer ways of doing so in many aspects of their daily lives. Thus, digital payments have grown significantly in all business sectors, with the acceleration of digitization in companies and people’s preferences for this payment […]

The #25×25 Interview Series, a special editorial project powered by Schoenherr si Asociatii SCA, featuring companies that have been in business in Romania for 25 years, continues with another installment: Laurentiu Lazar, Managing Partner & Head of Investment at Colliers Romania, talks about the journey of the real estate consulting agency which started in 1996.   Starting with a […]

Real estate developer One United Properties, one of the most dynamic real estate developers of housing, office and mixed projects in Bucharest, announced it sealed an agreement to buy the majority stake in Bucur Obor S.A., a company listed on the AeRO market of the Bucharest Stock Exchange.

AROBS Transilvania, a Romanian-held IT company controlled by entrepreneur Voicu Oprean, which last month announced its intention to list on the AeRO market of the Bucharest Stock Exchange (BSE), took over Berg Software, a local personalized software development and outsourcing company, with offices in Timisoara, Lugoj and Oradea.

Ignite Logistic, a Sibiu-based company, founded in 2014 by two young entrepreneurs, Ioan Stroia and Remus Deac, in 2020 hit RON35.6 million turnover, up 40% year-on-year, being one of the most dynamic firms in transportation, in line with ZF data.

Arctic Stream (AST.RO), a Romanian-held company, an integrator of IT infrastructure and security in Romania, signed contracts worth RON40.9 million (EUR8.1 million) in the past five months, three times the value of turnover the company registered in the first half of this year.

Agroland Business Systems (AG.RO), which operates a chain of farm and garden supplies stores, will carry out a capital increase operation through which 4.71 million new shares will be issued.

McDonald’s Romania, the largest restaurant chain on the local market, saw turnover go up by almost 40% in 1H/2021 to EUR110 million and should the pace be maintained, the company’s turnover is likely to near RON1.2 billion, a record high for the 25 years of local presence.

At the end of the first 9 months of 2021, Photon Energy had a project portfolio of around 218 MW under various stages of development in Romania, almost double the 117 MW capacity of early 2021, reflecting the frenzy of green energy activity Romania is witnessing.

Polirom publishing house, one of Romania’s largest, set up in 1995 and run by Silviu Lupescu, expects to reach RON30 million turnover by yearend, a level similar with that of 2019.

Home appliances manufacturer Electroarges (ELGS.RO) recorded net profit of about RON603,000 in the first nine months of the year, compared with RON4.9 million loss of in the same period in 2020.

eMAG, the leader of the local online retail market and one of the largest players in the region has opened a new showroom in Bulgaria, in Plovdiv, covering an area of 400 square meters and with a portfolio of over 5,000 products in various categories.

Integrated mobility services provider Autonom Services announced on the Bucharest Stock Exchange on Thursday evening that it had successfully closed the private placement of the first tranche of bonds issued in line with the prospectus approved by the Financial Supervisory Authority on November 10, 2021.

Romania’s Competition Council has approved the transaction whereby nuclear power producer Nuclearelectrica (SNN.RO), which operates the country's sole nuclear power plant, is acquiring from the National Uranium Company the assets related to the uranium concentrate processing line at the Feldioara Branch.

Financial investment company SIF Transilvania (SIF3.RO) halved the number of shares it held in Electrica (EL.RO) and Oil Terminal (OIL.RO), sold Romgaz (SNG.RO) and Petrom (SNP.RO) and participated in the private placement of GoCab Sofware during the third quarter of 2021.

Romania's finance ministry has reopened a bond issue due in July 2029 and raised RON544.3 million (EUR109.9 million) from banks on Thursday, above the targeted level of RON400 million, at an annual yield of 5.26%, central bank data showed.

Omniasig, the biggest company Austria’s Vienna Insurance Group (VIG) owns in Romania, ended the first nine months of 2021 with a volume of underwritten gross premiums of RON1.1 billion, higher by 15% than in the corresponding period of 2020, according to company representatives.

Parcel delivery company Cargus expects the volume of parcel deliveries to increase by over 60% until the end of November 2021 as compared to the same period of 2020, the company said in a statement.