Romania Feed

Restart Energy, one of the largest independent energy and gas suppliers on the local market, has announced a EUR360,000 contract with Avastar to install a 570kWp solar generator.

Law firm Dentons has assisted Erste Group Bank, Raiffeisen Bank and Banca Comerciala Romana in concluding a RON750 million loan facility contract with Romanian energy supplier Electrica which will use the funds for the development strategy during the 2019-2023 period.

Romania's finance ministry on Monday raised RON573 million, higher by RON173 million than the targeted amount, selling bonds maturing in January 2028 at an average yield of 4.82%, central bank data showed.

Holde Agri Invest (HAI.RO), a Romanian company operating farmland, on Monday announced the acquisition of a stake in Enten Systems, a company that sells solutions and systems for providing data on agricultural production.

Romanian cybersecurity company SafeTech Innovations (SAFE.RO), listed on the AeRO market of the Bucharest Stock Exchange, ended the first nine months of 2021 with a turnover of RON13.1 million, up 53% from the year-earlier period, and a profit of RON2.2 million, up 153% on the year.

CTP, the largest developer and manager of industrial and logistics spaces in Romania, announces the expansion of its business and consolidation of the management team responsible for local operations. Sorina Florescu was appointed Head of Marketing for Romania and is responsible in this role for managing and overseeing integrated marketing campaigns and initiatives to drive […]

Law firm Filip & Company has assisted Sensiblu, the second largest pharmacy chain in Romania, in acquiring 23 Optifarm pharmacies.

CTP Romania, the largest developer and manager of industrial and logistics space, has appointed Sorina Florescu to the position of Head of Marketing, starting November 2021, from where she will coordinate the company’s marketing strategy.

Romanian state-run lender CEC Bank on Monday reported a preliminary net profit of RON332.4 million, up 21.2% from the year-earlier period.

In September 2020, VELUX announced its new commitment to become fully carbon neutral (Lifetime Carbon Neutral) by its 100th anniversary in 2041, and to achieve this the company announced a partnership with WWF. To find out more about the partnership and VELUX’s ambitious goal, Business Review sat down for an exclusive interview with Noemi Ritea, Marketing Director […]

Forty Management, a real estate developer awarded internationally for premium, green projects, announces that has sold off-plan 90% of the Central District Viitorului 134 residential project. The mixed-use development with a value of Euro 11.5 million is scheduled to be finalized next year in June.   Central District Viitorului 134 is the first project in […]

Restart Energy, one of the largest independent energy suppliers for electric energy and gas on the local market, announces signing a contract worth 360.000 euros with Avastar company, for installing a photovoltaic generator with a power of 570 kWp.   The project involves 1.140 photovoltaic panels, covering 3.400 sqm, installed on the rooftop of Avastar slaughterhouse […]

Filip & Company has assisted Sensiblu, part of A&D Pharma – Dr. Max group, in acquiring 23 pharmacies that had belonged to Optifarm.   Filip & Company provided legal assistance in relation to the contractual documentation and the notification of the transaction before the Romanian Competition Council. The transaction required that several complex commercial and […]

The development activity in the retail market has been modest in the first nine months of this year, with only three small projects delivered, but we have also seen new retailers and developers entering the Romanian market this year, according to the Cushman & Wakefield Echinox real estate consulting company.   In total, new commercial […]

Romanian-based digital transformation and technical specialist, ddroidd, has exceeded its £3m turnover target in its first year, and has ambitious growth plans to double in size over the next 12 months as it embarks on a recruitment drive.   ddroidd, which billed more than £3.2m in its first year of trading, specialises in designing, developing […]

The list of large taxpayers was updated by the Romanian Tax Authorities (i.e. ANAF) after more than 5 years. Following the update of the classification rules, the number of large taxpayers has increased from 2,940 to 3,364, but the number of companies appearing for the first time on this list is much higher because many […]

Holde Agri Invest, a Romanian company operating farmland, announces a new investment in the agritech field through by acquiring a stake in Enten Systems SRL. The value of the transaction amounts to 370,000 lei, out of which 247,000 lei was used to acquire a minority stake, while 123,000 lei represents a financing convertible into shares. […]

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, grew to 2.45% a year on Monday (November 8) from 2.43% a year on Friday (Nov 5), per central bank data.

Finance is the driving force required to allow businesses to grow, expand, and offer novel services. The way finances are utilized has a direct effect on business operations, especially when you are involved in online trading. Planning to use finances accordingly, building up a strategy, and following it religiously is the key to being successful […]

OTP Bank Romania, the domestic subsidiary of Hungary’s biggest banking group, registered consolidated profit after tax worth RON14 million in the first nine months of 2021, down 65% from the year-earlier level, amid 23% higher operating expenditures.