Romania Feed

Donna Medical Center, set up in 2011 by Elena Claudia Teodorescu, a radiologist specialized in breast imaging, targets EUR4 million turnover this year.

Reynaers Romania, the local division of European developer of aluminum products for the building sector, is considering expanding the logistic spaces it has in Romania as its business continues to grow and also building a production unit in Romania.

2021 has topped initial expectations for Penny Romania, despite the pandemic and inflation that hurt companies in various fields, so that the retail is poised to see turnover go up by around 15%, to nearly RON5.5 billion, in line with ZF calculations based on information provided by the network’s representatives.

Wine producer Castel Mimi of the Republic of Moldova ended 2020 with turnover worth EUR2.5 million.

eMAG, the leading online retailer in Romania and one of the largest in the region, expects Black Friday sales to reach RON615 million this year, 5% more than in 2020 and expects 6 out of 10 customers to pay by card.

Medical sector now accounts for 23% of the total new leases in office buildings, an increase of 3% on 2019 and 10% on 2020, ESOP Consulting data show.

Real estate developer Forty Management, run by Lucian Azoitei, on Monday announced the off-plan sale of 90% of Bucharest-based mixed-use project Central District Viitorului 134.

Restart Energy, one of the largest independent energy and gas suppliers on the local market, has announced a EUR360,000 contract with Avastar to install a 570kWp solar generator.

Law firm Dentons has assisted Erste Group Bank, Raiffeisen Bank and Banca Comerciala Romana in concluding a RON750 million loan facility contract with Romanian energy supplier Electrica which will use the funds for the development strategy during the 2019-2023 period.

Romania's finance ministry on Monday raised RON573 million, higher by RON173 million than the targeted amount, selling bonds maturing in January 2028 at an average yield of 4.82%, central bank data showed.

Holde Agri Invest (HAI.RO), a Romanian company operating farmland, on Monday announced the acquisition of a stake in Enten Systems, a company that sells solutions and systems for providing data on agricultural production.

Romanian cybersecurity company SafeTech Innovations (SAFE.RO), listed on the AeRO market of the Bucharest Stock Exchange, ended the first nine months of 2021 with a turnover of RON13.1 million, up 53% from the year-earlier period, and a profit of RON2.2 million, up 153% on the year.

CTP, the largest developer and manager of industrial and logistics spaces in Romania, announces the expansion of its business and consolidation of the management team responsible for local operations. Sorina Florescu was appointed Head of Marketing for Romania and is responsible in this role for managing and overseeing integrated marketing campaigns and initiatives to drive […]

Law firm Filip & Company has assisted Sensiblu, the second largest pharmacy chain in Romania, in acquiring 23 Optifarm pharmacies.

CTP Romania, the largest developer and manager of industrial and logistics space, has appointed Sorina Florescu to the position of Head of Marketing, starting November 2021, from where she will coordinate the company’s marketing strategy.

Romanian state-run lender CEC Bank on Monday reported a preliminary net profit of RON332.4 million, up 21.2% from the year-earlier period.

In September 2020, VELUX announced its new commitment to become fully carbon neutral (Lifetime Carbon Neutral) by its 100th anniversary in 2041, and to achieve this the company announced a partnership with WWF. To find out more about the partnership and VELUX’s ambitious goal, Business Review sat down for an exclusive interview with Noemi Ritea, Marketing Director […]

Forty Management, a real estate developer awarded internationally for premium, green projects, announces that has sold off-plan 90% of the Central District Viitorului 134 residential project. The mixed-use development with a value of Euro 11.5 million is scheduled to be finalized next year in June.   Central District Viitorului 134 is the first project in […]

Restart Energy, one of the largest independent energy suppliers for electric energy and gas on the local market, announces signing a contract worth 360.000 euros with Avastar company, for installing a photovoltaic generator with a power of 570 kWp.   The project involves 1.140 photovoltaic panels, covering 3.400 sqm, installed on the rooftop of Avastar slaughterhouse […]

Filip & Company has assisted Sensiblu, part of A&D Pharma – Dr. Max group, in acquiring 23 pharmacies that had belonged to Optifarm.   Filip & Company provided legal assistance in relation to the contractual documentation and the notification of the transaction before the Romanian Competition Council. The transaction required that several complex commercial and […]