Romania is increasingly attracting the interest of investors looking at CEE for industrial or office spaces, partially owing to government incentives that can cover as much as 70% of eligible costs, reads Colliers report “How Government Incentives Shape Industrial & Office Real Estate in CEE”.
Credit Europe Bank on Monday announced its change of identity to Nexent Bank. This is a strategic move to upgrade and improve the services of the bank, the lender said in a statement.
BT Pensii, part of the Banca Transilvania Group. on Monday announced it would be managing voluntary pension fund FPF BRD Medio from now on, renamed Pensia Mea Plus, after having received approval from the Financial Supervisory Authority (ASF) to take over management of the voluntary pension fund from BRD Pensii.
ING Bank and UniCredit Bank acted as joint coordinators and lead managers in the EUR200 million five-year funding granted to telecom operator Digi Communications to develop its optical fiber networks in Europe.
The Macroeconomic Confidence Index of CFA Romania Association in March rose by 7.3 points to 43.9 points, exclusively on the increase of the anticipations component of the index, while the current conditions component was relatively unchanged.
Early Game Ventures (EGV), one of the most dynamic venture capital funds focused on investments in CEE tech startups, plans to carry out between eight and ten investments of its EUR60 million second fund.
Private equity fund Provectus Capital Partners (PCP), headquartered in Zagreb, Croatia, has entered Romania market by opening an office in Bucharest to cement its regional footprint. The investor also has offices in Ljubljana (Slovenia), Sofia (Bulgaria) and Belgrade (Serbia).
Maspex Romania, a leading player in the beverages and foodstuffs industry, in 2024 generated RON1.25 billion turnover, up around 9% from 2023. The advance is lower than the 2023 one, but the company had continued the series of increases for over a decade.
Romanian conveyor belt maker Artego for 2024 reported turnover worth RON144.8 million (EUR29.1 million), down 11.1% from 2023, in line with ZF calculations based on Finance Ministry data.
Macromex, the biggest player in the frozen foodstuffs sector, in 2024 reached RON894 million turnover, up 15% from 2023. The company’s net profit amounted to RO45 million, 15% higher than in 2023.
Vincent Devloo, area retail manager at Ikea Southeastern Europe, says the group is looking to open stores in smaller cities and test new store formats locally.