Romania | News

The mergers and acquisitions market in Romania, in terms of deals signed and concluded, reached EUR5.4 billion in 2022, higher than the pre-pandemic level of EUR5.2 billion of 2019, as a result of the over EUR1 billion Neptun Deep deal, a PwC Romania report shows.

Poland's mobile payment system Blik is eyeing international expansion, with its first stop in Romania.

Lagardère Travel Retail, which is part of French Lagardère group, which operates in travel retail and on-premise sector, is considering bringing Costa Coffee coffee shop brand as a franchise in Romania.

Bento, Intellectually Curious, a Romanian entrepreneurial company specializing in the development and implementation of software solutions and the provision of IT infrastructure and Cloud services, has sealed a RON32 million contract for the implementation of Bento Field Service Management Solution, after winning a public procurement procedure carried out by DEER, Romania’s largest energy distributor, part of Electrica group.

Glovo, a leading player in the express delivery industry, saw its turnover rise by 45% last year in Romania, reaching an overall deal value of EUR430 million at end-2022, Iustinian Belghir, general manager of Glovo Romania, told ZF.

BNP Paribas Personal Finance announces the start of the steps to cease operations of its consumer finance unit, Cetelem, in Romania, after having failed to find a partner to continue in the country.

Solar panel manufacturer AE Solar will invest EUR1 billion in a plant to make solar panels in Romania, Romania’s government announced in a release, following a meeting of Prime Minister Nicolae Ciuca and the representatives of AE Solar and of the Black Sea Universities Network on Monday.

The year 2023 starts on an optimistic note for the air travel sector, as passenger traffic on Romania’s airports stood at more than 1.66 million in January, Romanian Airports Association (AAR) data show.

The Ministry of National Defense of Romania has warned about fake news circulated online about the alleged recent transfer of a number of air defense systems toward the border with the Republic of Moldova.

Romania’s finance ministry will be launching new government bond issues for the general population only, starting Wednesday (March 1, 2023), through the TEZAUR program.

The M&A market in Romania did well in 2022, with a 17% increase in the volume of reported deals (76 deals), while the reported value decreased to EUR1.4 billion from EUR2.7 billion in 2021, a report by international audit and advisory firm Mazars says.

Danish-held mineral wool manufacturer Rockwool is looking into the possibility of expanding its local business by building a new mineral wool production line, in the plant it has in Aricestii Rahtivani, near Ploiesti, in southern Romania.

Sales of French retailer Carrefour grew by 9% on a like-for-like basis in Romania in 2022, which is the second highest growth rate in Europe, after that in Poland.

Enery Power Holding has signed a senior term loan and revolving credit facilities agreement for the acquisition of a 81 MW renewables portfolio held by Jade Power Trust in Romania.

Romania is among the most competitive countries in Central and Eastern Europe (CEE) in terms of the retail market, as per the “Market Outlook 2023“ report by CBRE Romania, the global leader of the real estate consulting market.

Burger King will resume expansion in Romania via a new franchisee, Rex Concepts CEE, which hired Cristian Turculet as head of operations for Romania, to do that.

With an annual production of 60,000 tons, Romania is the largest producer of walnuts in Europe, ahead of Greece, France and Spain, Eurostat data show. Some of the production is exported, so the leading edible fruit exporters include three businesses that grow or sell walnuts.

Austrian company Enery Power Holding, also present in the Czech Republic, Slovakia and Bulgaria, has signed a senior term loan and revolving credit facilities agreement for the acquisition of an 81MW renewable energy portfolio held by Jade Power Trust in Romania.

Dacia Mioveni and Ford Otosan Craiova, the two car plants in Romania, manufactured 38,568 vehicles in January 2023, 9.65% more than 35,171 units produced in January 2022, as per data from the country's carmakers association ACAROM.

Philip Morris International has appointed Mircea Scaunasu as managing director for Romania, replacing Daniel Cuevas, who had led the company for the past two years and was appointed managing director of Philip Morris Italia.