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Allianz-Tiriac, the second largest insurer on the Romanian market, has signed an agreement with German Gothaer Group to acquire 100% of its Romanian subsidiary Gothaer Asigurari Reasigurari.

French DIY retailer Leroy Merlin has bought a property in Brasov in view of expansion from Belgian investor Mitiska REIM, specialized in the development and management of retail parks.

Review platform Undelucram.ro, launched in 2011 by Costin Tudor, seeks to attract one million registered users in 2021, from 650,000 at present, and to accelerate its growth in Greece, Hungary and the Czech Republic, by carrying out a new financing round, estimated at EUR750,000-EUR1 million.

Romanian technology company 2Performant Network (2P.RO), the leader of the Romanian affiliate marketing market, officially entered the Bucharest Stock Exchange on December 9, trading on the AeRO market.

Investment fund 212 is becoming shareholder of 123 Form Builder, a Romanian start-up company founded in the city of Timisoara and specialized in creating online forms.

The Romanian insurance market registered gross underwritings of RON8.5 billion in the first nine months of 2002, up 4.8% on the year, an official of the financial authority said Wednesday.

The number of corporate insolvencies and restructuring processes have stayed low in Central and Eastern Europe (CEE) since the onset of the COVID-19 pandemic, except for Romania, which saw an increase in the number of insolvencies, and the Czech Republic, which reported increased restructuring activity, per PwC’s “Global Restructuring Trends” survey.

Euroins Romania, one of the largest insurance companies on the local market, has implemented two successive capital increases worth a total RON126 million, per data provided by company representatives.

French real estate group Catinvest has completed a mixed-use building within the Electroputere Parc shopping center in the city of Craiova and opened the first Class A office building in Craiova; a second similar project is to be completed in 2021, following a total investment of EUR39 million.

The total value of transactions, including offers, with all types of financial instruments traded on the Bucharest Stock Exchange (BVB) neared the threshold of EUR3 billion, or the equivalent of RON14.3 billion, in January-November 2020, higher by 42.3% in national currency compared to the first 11 months of 2019.

Demand for consumer loans in Romania has increased in the fall after the summer rekindled appetite for such loans, following the significant decline in the spring due to the lockdown caused by the COVID-19 pandemic.

Romanian ice cream producer Ice Dyp in Timis County is entering the craft ice cream market after having bought Ati Cream plant in Harghita County from Romanian entrepreneurs. The officials of the company would not reveal the value of the deal.

Investment fund Black Sea Fund I is acquiring the majority stake in oral radiology and dentistry techniques clinics DigiRay.

Romania's antitrust body on Tuesday approved the deal whereby oil and gas company OMV Petrom (SNP.RO) seeks to outsource operations and services to the consortium Dietscon O&M S.R.L. (leader), Dietsmann S.R.L., Dietsmann Safety and Environment Services S.R.L. and Confind S.R.L. (Dietscon consortium) and to Bonatti association SpA, Bucharest branch (leader) and Bonatti RO PARMA S.R.L.

When it comes to extending the network of companies held under a specific structure in Western Europe, ready-made companies are a popular alternative to incorporating a company from scratch. In fact, the rule is to acquire a ready-made company from a specialized provider and the exception is to incorporate one. Ready-made companies, also named “shelf companies" or more accurately, “off-the-shelf companies" are companies incorporated by specialized providers with the purpose of being sold to investors who need a new company in a respective jurisdiction. The name describes them quite accurately – such companies are a simple set of documents and do not hold any assets, do not have any employees, they leave all of this to the decision of the buyer and, according to the local legislation of each jurisdiction.

Allianz-Tiriac, the second largest insurer on the Romanian market, reported gross underwritings totaling over RON1 billion in January-September 2020, down 2.5% on the year, due to the coronavirus impact on the automotive market and tourism, according to company representatives.

Corporate bonds issued by Agroserv Mariuta, the dairy processor of Laptaria cu caimac, started trading Tuesday on the Bucharest Stock Exchange's multilateral trading system under the ticker symbol MILK25E.

KMG International recently opened a new Rompetrol filling station in Georgia, in the Borjomi municipality, in line with the new concept of filling stations in Romania, Moldova and Bulgaria.

German discount fashion store chain Kik has grown to 54 stores in Romania after having opened 17 in several cities of the country during the pandemic.

French-held Orange group, one of the largest actors in the world’s communications industry, plans to make significant investments in Romania in the next few years, having allocated EUR268 million to buy the former Romtelecom from Germany’s Deutsche Telekom to expand fixed and mobile networks and become a force to be reckoned with on the fixed-mobile services market.