Romania Feed

Romania’s Financial Supervisory Authority (ASF) plans to implement a unitary approach for the management of the stock market, insurance and private pension sectors, through the coordination of all services by a general department, according to the ASF strategy for 2021-2023.

Real estate consulting company CBRE has brokered the extension of the lease contract for a space of approximately 85,000 square meters occupied by Carrefour Group within the P3 Bucharest A1 industrial park located in western Bucharest.

Ploiesti-based iHunt Technology (HUNT.RO), a producer and supplier of mobile phones and hi-tech gadgets, whose shares climbed 41% in 2021, received shareholders’ approval for a bond issue worth RON7 million, for a four-year period, and a maximum interest rate of 9% per year.

Cleaning products group Interstar Chim has seen its sales surge during the pandemic, when people bought a lot of household cleaning and personal care products, i.e. soap and sanitizer.

Construction group Apolodor posted growth of 6% in revenue to 91 million lei in 2020 but is cautious about this year’s results.

Dendrio Solutions, owned by Bittnet Systems (simbol bursier BNET.RO), has signed a RON22.8 million framework agreement with the Ministry of Defense for the provision of IT&C equipment.

Starting February 1, Cecilia Tudor becomes managing director for the Renault Brand for South Eastern Europe, following the organization of Groupe Renault around its brands, grouped in four business units, the company announced Tuesday.

BeeFast, a local super fast delivery tech start-up, has grown from 16 deliveries / day in early 2020 to a maximum of 580 deliveries / day by the end of the year. 65 percent of the turnover was generated by the customers that BeeFast moved for free from offline to online, during the pandemic. BeeFast […]

BR sat down with Dragos Mindreci, Country Manager Betano Romania, and Roxana Ciocanau Dinescu, Marketing Manager – Brand and Communication, to find out more about the industry the company is operating in, how it adapted to the recent changes caused by the COVID-19 pandemic, the differences between the Romanian and the other international markets, investments […]

Business interruption, pandemic outbreak and cyber incidents are the top three business risks globally for 2021, all strongly interlinked, according to the latest Allianz Risk Barometer survey.

Romania’s Competition Council has imposed over EUR70 million in fines in 2020, the year which came after a period of transition during which the antitrust body did not finalize a large number of cases, per an analysis by Catalin Suliman (partner) and Georgeta Gavriloiu (counsel) with Filip&Company.

The Energy and Water Regulatory Commission granted approval to Eurohold Bulgaria for the acquisition of the Czech energy company CEZ Group’s subsidiaries in Bulgaria.   In this way, Eurohold obtained all the necessary approvals by the Bulgarian authorities to carry out the acquisition. The deal was approved by the Commission for Protection of Competition on […]

Working from home will become a common practice within many companies even after the Covid-19 pandemic, tourism will become more local and more frequent, investment deals are expected to dip and 2021 is expected to be a breather year for residential, Colliers International consultants predict.

SUSTAINABLE INNOVATIONS, Technological Corporation of Andalusia (CTA in its Spanish acronym) and Impact Hub Madrid are participating in agroBRIDGES, an EU-funded project under the European Union’s Horizon 2020 research and innovation programme, focused on building bridges between consumers and producers by supporting short food supply chains (SFSCs) through the development of a systemic, holistic, multi-actor […]

Life is Hard (LIH.RO), a software solutions provider listed on the Bucharest Stock Exchange, wants to fully acquire Innobyte, one of the leading players on the Romanian ecommerce market.

Leading U.S. life insurer Massachusetts Mutual Life Insurance Company (MassMutual) today announced the opening of two MassMutual Global Business Service Center locations in Romania, located in Orhideea Towers in Bucharest and Record Park in Cluj-Napoca. Both sites are positioned in areas designed to attract local tech talent, adding to continued technology hiring by the company […]

Țuca Zbârcea & Asociații law firm advising giant AmerisourceBergen Corporation on the local loop of its USD 6.47 billion acquisition of Alliance Healthcare distribution business from Walgreens Boots Alliance (WBA).   On 6 January 2021, AmerisourceBergen Corporation (NYSE: ABC) and Walgreens Boots Alliance signed the transaction whereby the U.S. corporate giant acquired Alliance Healthcare – […]

Sévan Kaloustian has been elected as Vice-President of the Romanian Association of International Medicines Manufacturers (ARPIM) for a 2-year mandate, at the organization’s most recent General Assembly.   Through this new assignment, the Managing Director of Janssen pharmaceutical companies of Johnson & Johnson in Romania will take further steps to strenghtening the company’s mission on […]

2021 is expected to be a year of recovery, but many uncertainties remain, like those related to the vaccines’ ability to return everyday life back to normal or to potential jitters about the monetary policy at the major central banks’, which would have deep ramifications globally, Colliers International consultants predict. Working from home will become […]

Developers of industrial and logistics spaces delivered new projects totaling 600,000 square meters in 2020, sticking to their announced investment plans despite COVID-19 crisis.