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MedLife, the largest private healthcare network in Romania by turnover, has announced that it is expanding its portfolio of robotic-assisted surgeries by introducing the Rosa robot system at the MedLife Humanitas Hospital in the city of Cluj, a state-of-the-art device specialized in orthopedics.
Law firm CMS advised leading UK-based collective of property investment and management companies M Core Group on the acquisition of the strip mall portfolio in Romania from MAS P.L.C., as well as on the acquisition financing, the firm announced on Monday.
Romania's foreign exchange reserves shrank by EUR1.3 billion from EUR62.12 billion at the end of December 2024 to EUR60.83 billion at the end of January 2025, Romania’s central bank announced on Monday (February 3, 2025).
Clifford Chance Badea, the local office of global law firm Clifford Chance, has recruited 15 lawyers over the past year, reaching a team of more than 45 lawyers, as a result of an increase in the volume of projects.
Real estate developer Forty Management, controlled by Azoitei family, has bought a 12-ha land plot in a Seville suburbia and will invest over EUR100 million in a Lagoon City-branded mixed-use development.
Cushman & Wakefield Echinox provided strategic assistance to MAS PLC, a major real estate investor in CEE, in the sale of a Romania strip mall portfolio to M Core Group.
PragmaGo, the Polish fintech providing funding services for SMEs, supported by investment fund Enterprise Investors, aims for fast growth in Romania via local company Omnicredit it has acquired recently, with the target envisaging tripling its loan portfolio in the next three years.
Dutch group Versuni, which includes Philips and Saeco brands in its portfolio, boosted Romania sales by over 10% in 2024.
Three companies part of Belgian group Habitex, all headquartered in Maramures county, have collectively laid off 241 employees.
Renaissance Public Service, Romania’s only TV set manufacturer, wants to double its business in the next two years, to over RON400 million.
Generali, Italy’s largest insurer and one of Europe’s top three, is closely monitoring any opportunity of growing Romania operations via acquisitions, but for the time being no such possibility is visible given European insurers’ high interest in the local market.
eMAG and its financial services subsidiary HeyBlu have acquired Orange Money IFN SA from telecommunications group Orange Romania and the main assets they bought were the e-money and payment institution licenses issued by Romania’s central bank.
State-run grid company Transelectrica (TEL.RO) on Friday notified investors about the registration with the Trade Register Office of a joint venture company, "GECO POWER COMPANY - GREEN ENERGY CORRIDOR POWER COMPANY LIMITED LIABILITY COMPANY" based in Romania, which will implement the Green Energy Corridor project, put at EUR3.5 billion.
Fondul Proprietatea (stock symbol: FP) has announced in a stock market report on Jan. 31 that the next buyback program refers to the acquisition of a maximum number of 320 million ordinary shares and/or equivalent global depositary receipts corresponding to the Fund’s shares (“GDRs") and starts on February 3, 2025.
Romanian online retail group eMAG together with its financial services subsidiary HeyBlu have acquired 100% of the shares of Orange Money, eMAG has announced on Friday (Jan. 31).
Romanian authorities issued 2,511 residential building permits in December 2024, 8% fewer than in November 2024 and 1.5% fewer than in December 2023, data from the country’s statistics board INS showed on Friday (Jan. 31, 2025).
Romania's national grid operator Transelectrica (stock symbol: TEL) has announced that the 400 kV Resita (Romania) – Pancevo (Serbia) double-circuit overhead power line (OHL) entered commercial operation.
The weight of companies anticipating a headcount reduction in 2025 rose to 11% in January 2025 from 2% in January 2024, reveals a PwC Romania survey.
Brick producer Cemacon has finalized its merger with Euro Caramida, leader of Romania’s ceramic blocks market, according to the company’s officials.
Anglo-Dutch giant Unilever, a leading player on the consumer goods market, is set to shut down its ice cream plant of Veliko Tarnovo, Bulgaria and move part of production to Romania, in Suceava.19531 items