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Romania’s Competition Council is looking into a transaction whereby Cemacon SA, part of Paval Holding Group, seeks to acquire the company Euro Caramida SA.
Egger Romania, part of Austria’s Egger, a supplier of wood-based material for furniture industry and interior decorations, construction and flooring, ended 2022 with investments of EUR13.5 million which were geared mostly towards increasing the capacity of collecting and processing recyclable wood waste and towards a new impregnated paper production line.
Romanian consumers made purchases worth EUR457 million in supermarkets and other grocery stores through Revolut cards in 2022, according to a survey by Revolut.
Courier services company Cargus, one of the largest players on Romania’s market, has recruited Oana Mandicescu and Zoe Dobre for the positions of Chief Sales Officer (CSO) and Chief People and Culture Officer (CPCO), respectively.
The Sovereign Wealth Fund of Norway owned stake in eight companies listed on the Bucharest Stock Exchange as of December 31, 2022, as well as in the real estate developer Globalworth, which has a strong presence in Romania, according to the fund's latest data.
Egis, the French engineering multinational Group, signed a lease agreement for 1,100 square meters of office space within the America House office building in Bucharest, held by U.S. investor Morgan Stanley.
Law firm Wolf Theiss advised property developer SPEEDWELL on its first industrial project, located in the north-west of Bucharest.
The mergers and acquisitions (M&A) activity across Emerging Europe increased by 5.6% by volume to 1,229 deals compared to 2021, while the total value of deals fell by 20% year-over-year to EUR32.93 billion, as per the findings of the latest CMS Emerging Europe M&A report published in cooperation with EMIS.
The European Commission has approved, under EU State aid rules, a EUR1.6 billion Romanian measure to set up the Romanian Investment and Development Bank.
Romania and five other European Union (EU) Member States call for compensation for damages due to the cheap wheat from Ukraine, left on European territory, affecting their own sales.
Romania places seventh among the top ten most cyber secure countries in the world, with a score of 89.61 out of 100, in a National Cyber Security Index, according to a recent study.
Meta Estate Trust (MET.RO), a holding company that operates in the real estate sector and is listed on the Bucharest Stock Exchange (BVB), has benefitted from the Issuer's Market Maker services offered by BRK Financial Group since January 26, 2023.
The global M&A market in 2022 declined by 17% by volume and by 37% by value from the 2021 record high level on recession concerns, but will return to growth in the second half of 2023, reads the Global M&A Industry Trends: 2023 report by PwC.
Enayati Medical City, one of the largest greenfield projects on Romania’s private healthcare market, founded two years ago by doctor Wargha Enayati, ended 2022 with EUR35 million turnover, from EUR16.5 million in 2021 and expects 50% growth this year.
Celco, a Constanta-based building materials producer owned by cousins Ion and Niculae Dusu, operated EUR5 million investments in 2022 and plans to invest further in 2023.
Amigo & Intercost, a beverage wholesaler of Odorheiu Secuiesc, Harghita county, in 2022 generated turnover of above EUR100 million, up around 16% on the year, in line with company data.
Fifty years after Romania became the first Warsaw Pact country to join the International Monetary Fund, three decades after its transformation from a centrally planned to a market economy, three years after the unprecedented crisis triggered by the covid-19 pandemic, and one year since the horrors of war resurfaced in its vicinity, it seems a good time to appreciate Romania’s steadfast economic progress and proven resilience.
Kastamonu Romania (formerly Prolemn), held by Turkey’s Kastamonu Entegre, posted about EUR174 million revenue in 2022, up 2.65% on the previous year, according to ZF calculations based on data supplied by the company and on the Finance Ministry website.
Total cargo traffic registered in the Black Sea Port of Constanta (including the Midia and Mangalia area) amounted to 75.5 million tons in 2022, the highest level in the port's history, up 12% on the previous year, data from the National Company "Maritime Ports Administration" show.
Romania’s consolidated budget posted RON81 billion deficit in 2022, higher than the RON80 billion of 2021, Finance Ministry data show.19015 items