Romania | News

REGINA MARIA Healthcare Network initiates the first study to evaluate the body’s immune response to vaccination against COVID-19. At the beginning of this year, the World Health Organization (WHO) approved vaccines that have proven their efficacy and safety against COVID-19. The vaccination campaign has started successfully in Romania as well. The next step is to […]

Construction material manufacturer Joris Ide, held by Kingspan Group, targets investments of nearly EUR15 million in Romania until 2024.

The COVID-19 crisis is expected to accelerate the consolidation of the banking sector in the Central and Eastern Europe (CEE) in the following years, as smaller players might not be able to weather the profitability and capital challenges, according to the latest edition of Deloitte CEE banking M&A study, conducted in 16 countries, including Romania. […]

The COVID-19 crisis is expected to accelerate the consolidation of the banking sector in the Central and Eastern Europe (CEE) in the following years, as smaller players might not be able to weather the profitability and capital challenges, according to the latest edition of Deloitte CEE banking M&A study, conducted in 16 countries, including Romania. Robustness is paramount amid economic shocks and the CEE banking sector is still very fragmented, with a number of players with marginal market share, the study explains.

Digital Kitchen, a company focused on E2E implementation and the creator of digital project management as a service enters into a partnership with VTEX, one of the largest eCommerce platforms in the world, with an office in Romania as well. This partnership will help online stores to migrate to a top platform and, indirectly, will […]

The COVID-19 pandemic caused a lot of distress on the market, with transactions postponed and uncertainty rising, but there is increased optimism among stakeholders who expect further growth in M&A activity in Romania in 2021, a KPMG survey showed Wednesday.

Paper packaging manufacturer Segezha Packaging is investing more than EUR10 million in developing production in Romania.

Romania’s online fashion market is expected to grow by 20% in 2021, up to RON5.1 billion, and to exceed RON6 billion until 2023, per a market research by GLAMI.ro platform, held by Czech company InspiGroup.

Adama Agricultural Solutions, a leading global manufacturer and distributor worldwide of crop-protection solutions, has appointed Gabriela Vila at the helm of operations in Romania and Republic of Moldova.

Vodafone announced Monday an investment of €20 million by the Vodafone Foundation to expand digital skills and education programs by funding local initiatives in Albania, Czech Republic, Germany, Greece, Hungary, Ireland, Italy, Luxembourg, Netherlands, Portugal, Romania, Spain, Turkey, a

Otopeni, Cluj-Napoca, Timisoara, Iasi and Sibiu, Romania’s five largest airports saw an up to 70% decline in passenger traffic last year compared with 2019, the data the airport officials supplied show. Timisoara recorded the worst decline, more than 70.5%, while Iasi only 64.4% decline.

Shell Commercial Road Transport will start direct operations in Romania from 1st of April 2021. An initial team of 57 employees will support Romanian B2B transport customers, with the majority of the team based in Bucharest. The same services offered over the last 15 years by the local agent will now be offered directly by […]

Danish pharmaceutical group Novo Nordisk, the leading insulin and diabetes medications globally, has appointed Cristina Popescu as its new corporate affairs director for Romania starting January 2021.

Fast moving consumer goods giant Unilever is developing its operations in Romania despite the COVID-19 pandemic, announcing Romania is a very important market for the group.

Romania is to receive a total budget of EUR 100 billion in the European financing period of 2021-2027, of which EUR 79,9 billion represents non-reimbursable European funds distributed in 9 operational programs across several key sectors of the economy, as well as a budget of about EUR 20 billion non-reimbursable funds for the agriculture sector. […]

Last year saw 136 deals worth almost EUR3.4 billion signed in Romania, 5% lower in volume and 10% lower in value compared with 2019, the CMS Emerging Europe M&A 2020 report and ZF calculations based on the data therein show.

Launched just before the onset of the pandemic crisis, the first digital peasant cooperative in Romania offers access to natural, unprocessed products, based on a new concept on the Romanian market – meat booking – reservation before sacrifice. The unique recipe that appeared in a favorable context for the online market generated sales above expectations […]

Sévan Kaloustian has been elected as Vice-President of the Romanian Association of International Medicines Manufacturers (ARPIM) for a 2-year mandate, at the organization’s most recent General Assembly.   Through this new assignment, the Managing Director of Janssen pharmaceutical companies of Johnson & Johnson in Romania will take further steps to strenghtening the company’s mission on […]

US drug wholesaler group AmerisourceBergen Corporation is acquiring Alliance Healthcare, the distribution business of Walgreens Boots Alliance (WBA), also present in Romania, for $6.47 billion.

Perry V. Zizzi, who leads Dentons’ local office, talks about the legal market trends and evolutions, and how the firm is adapting to the new reality in a new BR exclusive interview.   Which sectors have seen most activity in Romania in 2020? It has been an unusual year. While the office sector of real […]