Romania Feed for Tuesday, May 9, 2023

• Premier Palace & Spa Hotel In Bucharest Up For Sale For EUR6.9M
• McKinsey & Company: Romania’s Switch To Green Power To Require EUR30B Investments
• Innova/7, Booster Capital, GapMinder And Morphosis Capital Get EUR80M Via NRRP For Romanian Companies
• Luxury Watch Retailer EraVault Opens First Store In Bucharest
• Alpha Bank Romania Posts EUR11M Net Profit In Q1
• Ascott Group’s The Crest Collection Hotel Brand Enters Romania Via Partnership With Forty Management
• Alpha Bank In Talks To Buy Orange Money IFN Romania
• Romanians, Most Active Investors on Local Real Estate Market, with Acquisitions of over EUR1.1B in Past 5 Years
• MedCity Buys 1,000-Sqm Building in Timisoara from FF Group
• Aquila 1Q/2023 Revenues Up 20% To RON562M, Net Profit Doubles To RON26.5M from 1Q/2022
• Furniture Retailer Staer Reports RON84M Turnover in 2022, Down 5.7% YOY
• Zes Zollner Electronic Hits RON2.6B Turnover in 2022, Up 75% YOY
• Optimedia Banks on 10% Higher Sales Abroad in 2023
• Radu Mihailescu, RTC: In 5 Years, We Can Near EUR100M Turnover
• Teilor Holding Has EUR5M Investment Plan for 2023
• Japan’s Okamoto Optics Set to Produce High-Power Mirrors Near Magurele Laser in State-Backed EUR20M Investment