Found 19015 news
Private equity fund Sarmis Capital, established two years ago by several Romanian executives, has announced its second transaction on the local market by acquiring the majority stake in Smart ID Dynamics, a provider of software and hardware solutions, with a turnover above RON85 million in 2021.
Modern food retailers in Romania target some 600 new store openings and relocations in 2022, which means the universe of local hypermarkets, supermarkets, modern convenience stores, discount and cash & carry stores will be nearing 4,500 units, in line with calculations by Ziarul Financiar daily.
Pharmacy chain Professional Farma Line, held by Razvan Munteanu and Horia Bunget, opened two more pharmacies in Prahova County in early 2022, reaching a 25-unit network.
Romanian startup Humans.ai enters the UAE (United Arab Emirates) market following a partnership with Deca4, a blockchain consultancy studio based in Dubai.
Roca Industry, through Holdingrock1, a holding company that brings together the companies BICO Industries and SARCOM, building materials manufacturers belonging to ROCA Investments platform, debuts on the Bucharest Stock Exchange on January 27 under the ticker symbol ROC1.
Capital city of Bucharest registered 14,004 jobless people (of whom 7,436 women) at the end of December 2021, taking the unemployment rate to 1.14%, data from the Bucharest Municipal Employment Agency showed Wednesday.
Central European private equity investor Abris Capital Partners on Wednesday said it signed an agreement to acquire Romanian dental consumables and equipment distributor Dentstore.
Ana Birchall, former social democrat justice minister back in 2019, was appointed Special Envoy for Strategic and International Affairs at Romania's nuclear power producer Nuclearelectrica (SNN.RO).
Sadalbari SRL, the majority shareholder of Romanian insolvent fiber optic cable producer Romcab Targu Mures (MCAB.RO), has increased its ownership stake in Romcab following two acquisitions of stocks worth almost RON51,400 (EUR10,000), in line with calculations by Ziarul Financiar (ZF) daily based on data from a document released on the stock market.
AmCham on Wednesday welcomed Romania’s success of being one of the six candidate countries with which the Organization for Economic Co-operation and Development (OECD) has decided to open accession discussions.
Raiffeisen Bank on Wednesday said it assisted investment fund Insight Investment, as financial advisor, on the sale transaction of Dutch-based company Thames Farming Enterprises to African Industries Group (AIG), with investments in Europe, the Middle East and West Africa.
The mergers and acquisitions (M&A) activity in Romania rebounded strongly in 2021 against 2020 in terms of deal value, which climbed 32% to $6.2 billion (EUR5.2 billion), and deal numbers that stood at 178, underscoring the strength of investor confidence in the Romanian business climate and its recovery post-COVID, especially in the second half of the year, in line with an EY analysis.
Natural gas producer and supplier Romgaz (SNG.RO) targets operating revenue of RON12.3 billion and net profit of RON1.73 billion in 2022, in line with the company’s draft budget of revenue and expenditure for 2022 which is subject to shareholders’ approval.
Companies operating in the financial, medical services, IT&C and retail sectors were the most active tenants on the office leasing market in capital Bucharest in 2021, in terms of the average transaction size, according to real estate consulting firm Cushman & Wakefield Echinox.
The Romanian real estate market has enough resources for a strong pick-up in activity in 2022, subject to how the pandemic will evolve, as well as other new themes, Colliers consultants predict. Consequently, 2022 could be a record year for real estate investments in terms of market activity, with the industrial market also potentially ready to set new benchmarks.
The mergers and acquisitions (M&A) market set new records in 2021 in terms of both volume and value. The number of announced deals exceeded 62,000 globally in 2021, up an unprecedented 24% from 2020, and publicly disclosed deal values reached all-time highs of US$5.1 trillion, in line with PwC Global M&A Industry Trends 2022 report.
Private lending grew by 14.8% in nominal terms (6.1% in real terms) to RON324 billion in 2021, as local currency lending grew by 19.6% and foreign currency lending by 3.9% when expressed in lei, central bank data showed Wednesday.
Disney Plus, the streaming service of The Walt Disney Company, has confirmed its launch in 42 countries in Europe, Africa and Asia, including Romania, starting summer 2022.
Law firm Filip & Company is assisting Tiriac Group on the sale of Tiriac Operating Lease (Premium Leasing SRL) to integrated mobility services provider Autonom Services SA.
Financial analysts expect the Romanian leu will depreciate to an average of 5.0859 units to the euro in the next 12 months, while inflation is seen averaging 6.06% during the same period, a monthly poll by CFA Romania showed Wednesday.19015 items