Romania Feed

Regina Maria network announced it acquired Muntenia Hospital of Pitesti, founded and managed by SIF Muntenia, in a RON33.6 million deal.

ING Tech Romania, the software development hub of financial-banking group ING, which has recently changed its name to ING Hubs Romania, has budgeted turnover growth of around 20-30% for 2022, to over EUR100 million.

Dutch-Belgian retailer Mega Image, which owns over 920 supermarkets and proximity stores in Romania, will expand further domestically, adding 75 new stores, with another 57 units set to be refurbished.

NEPI Rockcastle, the biggest shopping center investor and developer of Central and Eastern Europe, has resumed its expansion in Romania, both in Bucharest and in Craiova.

MOL Romania Petroleum Products, the local subsidiary of Hungary’s MOL, for 2021 reported turnover of above RON7.9 billion (EUR1.6 billion), up 42.6% from 2020, in line with ZF calculations based on Finance Ministry data.

Kandia Dulce, Romania’s biggest chocolate producer, aims for 21% higher turnover in 2022 against 2021, to RON194 million, betting on the most important brands in its portfolio.

Oradea, the second largest market for logistics and transport in Romania after Bucharest, will have the first industrial park with a cargo terminal, also the first air cargo terminal in the country.

Most retailers in Romania (almost 60%) reported rising sales since the onset of the COVID-19 pandemic until March 2022, with the online segment surging by 57%, as per a survey by VTEX, an e-commerce platform, and market research firm MKOR Consulting.

Romanian regional investment fund SIF Muntenia (SIF4.RO) on Tuesday informed investors that on June 6, 2022 it concluded a sale-purchase contract with Centrul Medical Unirea regarding the transfer of a total 1,882,496 shares held by SIF Muntenia at Muntenia Medical Competences.

Romanian real estate developer Eden Capital Development announced that it obtained the building permit for a EUR200 million residential complex in capital Bucharest.

T-Systems International sets off the opening of a Digital Hub in Romania with the support of Combridge and DTSE Romania, offering more than 100 jobs.

Romanian startup firm Vatis Tech, which developed a speech recognition platform for audio-video content processing, is preparing for a second funding round due in the fall of 2022, aiming for international expansion, company officials said in a statement.

Alexandrion Group, the biggest alcoholic beverage producer domestically, has launched the Carpathian Single Malt brand, the first single malt whisky 100% made in Romania.

Cluj-Napoca based car parts wholesaler Unix Auto, held by businessman Zombori Antal, posted RON322.6 million (EUR65.6 million) revenue in 2021, about 3% lower than in 2020, ZF has calculated from Finance Ministry data.

Law firm Filip & Company assisted BCR in the transfer of part of the operating lease business of BCR Fleet Management to Arval Group.

Marius Motofei, Business Operations & Public Sector Director at Vodafone Romania, will be a speaker at Business Review’s Rising Cities. Smart Future 2022, where he be part of the second of the day titled “Unleashing the full potential of a smart city.” Join him and an entire line-up of top speakers at the premier smart city event in […]

Claudiu Bisnel, the Managing Partner at Brisk Group, will be a speaker at Business Review’s Rising Cities. Smart Future 2022, where he will be part of the first panel of the day titled “Challenges and opportunities for a sustainable environment within a modern city.” Join him and an entire line-up of top speakers at the premier smart city […]

A recent study by Ipsos for ING Bank shows that eight out of ten Romanians believe prices will increase on average 25% in the next period percent.

Alesonor, the developer of the first complete suburb, presents the concept of the Amber Forest green villas. Some of the more than 20 types of green villas with different sizes and designs, to meet multiple needs and preferences, are designed by the architecture office Studio 1408.   Designed for high performance, the villas will be […]

Razvan Parvulescu, Business Development Coordinator at BTDConstruct & Ambient, will be a speaker at Business Review’s Rising Cities. Smart Future 2022, where he will be part of the first panel of the day titled “Challenges and opportunities for a sustainable environment within a modern city.” Join him and an entire line-up of top speakers at the premier smart […]