The Justice District, the real estate project to be built on the Esplanada plot on Bulevardul Unirii in Bucharest, which should include 23 institutions, got its Detailed Urban Plan (PUD) approved, the Justice Ministry said.
Romania competition authorities greenlighted the deal whereby ROCA Agri RDF, the farming holding of ROCA Investments, entirely takes over Dachim and Supliment companies controlled by Vetimex Capital group.
Business angels investment platform Growceanu is investing EUR80,000 in MedTech startup MediNav, which uses AI to extract structured medical information, in a EUR250,000 round.
Automobile Dacia and Ford, Romania’s two carmakers, in the first 11 months of this year manufactured 473,535 passenger cars, up 24.6% from the same period of 2021, in line with data provided by the the association of automotive manufacturers in Romania (ACAROM).
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces the acquisition of three historical buildings in Bucharest with the purpose of restoring and transforming them into a new development of the company - One Downtown.
Car parts producer Optibelt Power Transmission of Tautii-Magheraus locality, Maramures county, the local subsidiary of Germany’s Arntz Optibelt, in the first half of this year completed a EUR4.2 million investment in a hall for new production lines and in the development of the semi-finished products line.
The state-owned National Investment Company has this year finalized more than 70 sports infrastructure projects. The investments, worth RON800 million, were in fact projects envisaging the construction of swimming pools, sports compounds and sports halls.
Cornel Stroescu, the entrepreneur behind Hastro Sovarna, an integrated business with RON11.5 million (around EUR2.5 million) and 100 employees in 2021, operating in Garla Mare, Mehedinti county, sold 20% of the company’s stock to Svetoslav Ilchovski, one of Bulgaria’s biggest landowners.
Romania’s media market is expected to generate advertising revenue of EUR642 million in 2022, up 7% on the year, according to media agency Initiative Romania.
The surprise of the end of the year on the IT, as well as the M&A market in Romania was the acquisition by GlobalLogic of Fortech Cluj, a Romanian IT services entrepreneurial company.
The International Finance Corporation (IFC), a member of the World Bank Group, is granting a loan of EUR20 million to Patria Bank, a bank listed on the Bucharest Stock Exchange, as part of its larger efforts to spur economic growth and support small-scale entrepreneurs in Romania.
Euromoney, an English-language monthly magazine focused on business and finance, has named UniCredit Bank Romania as Market Leader in Corporate Banking in its 2022 European Markets Leaders Survey, an independent global assessment of the leading financial service providers conducted across 100 markets.
Agroland Business System (AG.RO), the Romanian retail, agriculture and food entrepreneurial group which owns the largest network of agricultural stores in Romania, on Thursday said it was strengthening its management team by appointing Adrian Gafita to the position of Chief Financial Officer (CFO) and Lucian Luca as National Retail Director.
New car registrations in Romania grew by 7.4% on the year to 116.891 units in January-November 2022, placing the country 13th in the European Union (EU), data from the European Automobile Manufacturers Association (ACEA) and the association of automotive manufacturers in Romania (ACAROM) showed on Thursday (Dec 15).
Considering the current context of the energy market and the Government Ordinance no 153/11 November 2022, which sets the mechanism for the centralized purchasing of electricity, by capping revenue of the electricity producers from the market, Fondul Proprietatea analyzed the impact on the valuation of the 19.94% stake in Hidroelectrica and updated the valuation accordingly.
Undelucram.ro, the largest online community of employees in Romania, plans to raise EUR400,000 on SeedBlink, an investment platform for European startups.
TBI Bank, with operations in Romania, Bulgaria, Germany, Greece and Lithuania, had a net profit of EUR30.2 million in January-September 2022, up 33% on the year, the bank said in a statement.
The fifth edition of the Financial Reporting of European Banks report by Mazars, the international audit, tax and advisory services company, focuses on European banks’ expected credit loss (ECL) levels in the first half of 2022.