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Crosspoint Real Estate, one of Romania’s leading real estate consulting agencies, has appointed Valentin Neagu to the position of Managing Director.
Romanian power grid company Transelectrica (TEL.RO) and the other relevant parties designated at the level of each state, respectively AzerEnerji JSC, Georgian State Electrosystem and MVM Zrt., have signed a Memorandum of Understanding (MoU) for the start of procedures needed to establish a joint venture (JV) company for the “Green Energy Corridor” project.
InterCapital Asset Management, Croatia’s largest independent asset manager with EUR500 million in assets under management, is listing the first foreign ETF (Exchange Traded Fund) on the Bucharest Stock Exchange, on May 29.
The J.W. Marriott hotel in Bucharest is investing EUR1.4 million in the new OLEA restaurant, with a menu based on the “Middleterrranean Cuisine”.
Romania has the highest proportion of early leavers from education or training among EU countries, of 16.6%, against a European average of 9.5%, being also the state with the lowest weight of young people aged 25-34 with a university degree, of just 23%, in line with Eurostat data for 2023.
Black Sea Oil & Gas SRL (BSOG), a company owned by investment fund Carlyle International Energy Partners and the EBRD, is launching BSOG Energy SRL in Romania, a company focused on biogas plant development.
Turism Felix, the hotel company managing five accommodation units in resort tourism compound Baile Felix, has for the first time since its foundation gone beyond the RON100 million threshold in terms of revenues.
Sphera Franchise Group, the company that manages KFC, Taco Bell and Pizza Hut restaurants locally, plans to open six units this year and go beyond the 170-unit threshold in the restaurant portfolio, says Bogdan Budes, financial officer.
Natural gas and electricity supplier and distributor Premier Energy (PE), 71% held by Czech investment fund Emma Holding, debuted on the Bucharest Stock Exchange on Tuesday, May 28, at a capitalization of RON2.64 billion, according to data aggregated by ZF from the Bucharest Stock Exchange.
Banca Transilvania (TLV.RO), the largest bank in Romania, announced on the Bucharest Stock Exchange on Tuesday evening that it had reached an agreement with France’s Société Générale to buy BRD Pensii.
TeraPlast Bistrita (TRP.RO), a company listed on the main segment of the Bucharest Stock Exchange and majority-owned by Dorel Goia, intends to conduct a capital increase to expand outside Romania through acquisitions and could complete two deals in 2024.
German-held retailer PENNY is opening the country's first fully autonomous store in the Politehnica area of Bucharest on Wednesday, where the shopping experience is entirely digital.
Technology company Cegeka Romania, the local subsidiary of the Belgian IT group by the same name, posted EUR60 million revenue in 2023, up almost 30% from the previous year, its representatives said in a news release.
DIY retailer Dedeman, the largest Romanian entrepreneurial business, held by brothers Adrian and Dragos Paval through special purpose vehicle Paval Holding, ended 2023 with RON1.5 billion net profit and RON11.5 billion sales, data on the Finance Ministry website show.
The European Bank for Reconstruction and Development (EBRD), the largest institutional investor in Romania, has bought into Premier Energy (PE.RO), following the initial public offering the natural gas and electricity supplier conducted on the Bucharest Stock Exchange.
MedLife, the main actor on the private medical service market in Romania, has opened a new Sweat fitness & wellness center in Drumul Taberei, Bucharest, following an almost EUR1 million investment.
Real estate developer Forty Management will open its first hotel under the Swissôtel brand in Hungary in partnership with France’s Accor Group in the Lagoon City complex in Budapest in 2028.
Garanti BBVA Romania has obtained a EUR10 million subordinated loan from The Black Sea Trade and Development Bank (BSTDB), with the funds set to be used inclusively to expand its local loan portfolio.
Deloitte Romania has assisted investment fund Accession Capital Partners (ACP) Credit, part of ACP Group, in granting EUR10 million funding to Mogo Romania, a company specializing in financing used vehicles and part of Latvian fintech Eleving Group.19029 items