Europe | Romania Feed

Demand for industrial and logistics spaces in Europe, including Romania, is set to increase significantly in the coming years, driven by strategic investments in defence, green energy, critical materials for the technology sector, as well as life sciences, according to the report ”Opportunities for Industrial Real Estate in Europe – Strategic Sector Signals”, released by Cushman & Wakefield.

Cooking equipment retailer Kitchen Shop has expanded its activity abroad by launching an online store on Europe market. The business was already present abroad, with two stores in Budapest.

Romanian fashion brand Ami Amalia, founded by entrepreneur Amalia Saftoiu, is seeking an investor to aid it step up direct development of the business in Europe.

Romania has become Europe’s third largest vacuum cleaner exporter after Germany and Austria and one of the top ten exporters in the world, as a result of the manufacturing investments of Germany’s Kärcher.

Bucharest office space stock is among the “youngest” in Europe, but also in CEE, with an average age of around 11 years, which is a plus for owners in retaining and attracting new tenants, being the least exposed to the risk of becoming obsolete technologically, from the point of view of construction and sustainability standards in the next 5-6 years, in line with data provided by real estate consultancy Cushman & Wakefield Echinox.

Romanian ambulance and special vehicle producer Deltamed currently exports around half of local production and wants to reach new opportunities in Europe, the Middle East and South-East Asia, explained Viorel Toadere, the company’s commercial manager.

Aggregate M&A deal values in Europe increased by 31% to EUR439 billion, while the transaction volumes were down by 8% over the same period compared with the first half of 2023, shows the Outlook published by international law firm CMS together with financial data firm Mergermarket.

Nuclear power producer Nuclearelectrica (SNN.RO) and Korea Hydro & Nuclear Power (KHNP) signed today, June 27, 2023, in Seoul, Republic of Korea, the Engineering, Procurement and Construction (EPC) contract for the completion of Europe’s first Tritium Removal Facility (CTRF) at Cernavoda Nuclear Power Plant (Cernavoda NPP), Nuclearelectrica announced in a press release on its website.

Andersen Global, an international association of independent consultancies, founded in 2013 in the US, is expanding its activities in Europe via a collaboration agreement with CMF Consulting (CMF), a valuation services company of Romania.

With an annual production of 60,000 tons, Romania is the largest producer of walnuts in Europe, ahead of Greece, France and Spain, Eurostat data show. Some of the production is exported, so the leading edible fruit exporters include three businesses that grow or sell walnuts.

The Energy Deal Advisory team of KPMG in Romania assisted Monsson, the leading developer of renewable energy projects in Romania, with the sale of the largest solar project development in Europe to Rezolv Energy, a leading CEE energy transition platform backed by EUR500 million funding from Actis, a top global investor in sustainable infrastructure.

SeedBlink, a local company founded in early 2020 that created a platform for co-investing in tech start-ups, has fully acquired Symbid, one of the world's first crowdvesting platforms founded in the Netherlands in 2011. This is its first acquisition for accelerated expansion in Europe.

Europe’s attractiveness for foreign direct investment (FDI) has shown signs of recovery following the COVID-19 pandemic with a 5% increase in the number of projects announced in 2021 compared to 2020, according to the latest annual EY European Attractiveness Survey.

Romania ranks first in Europe in terms of investment intentions, if we talk about supply and logistics chains, according to Bogdan Ion, country managing partner EY Romania and Moldova.

Romania had the lowest consumer prices in Europe in 2021, with a price level for consumer goods and services of 55.5% of the EU average, according to Eurostat, the statistical office of the European Union.

A study by Compare the Market Australia has ranked 26 European countries on factors such as homeownership rates, average property price per square meter, and average monthly rent in each country to reveal the countries with the highest homeownership rates in Europe.   Romania has the highest percentage of homeowners, with a 96.1% homeownership rate. That’s […]

Ford is taking the next significant step in its transformation in Europe. Effective June 1, 2022, Martin Sander becomes General Manager, Ford Model e, for Ford in Europe.   Ford Model e, Ford’s new global business unit, was introduced earlier this year as the company accelerated the transformation of its global automotive business. Martin Sander, […]

The Council of Europe today issued a set of guidelines to its 46 member states aimed at preventing and combating hate speech, both online and offline. In a Recommendation adopted during its annual session held in Turin, the Council of Europe Committee of Ministers calls on governments to develop comprehensive strategies to prevent and fight hate speech, including […]

The European Union’s national promotional banks and institutions and the European Investment Bank have today launched the EUR 2 billion Quick Response — Care for Ukrainian Refugees in Europe initiative. The joint initiative aims to provide immediate relief this year for refugees fleeing the war in Ukraine and promote the rapid and humane integration of Ukrainian […]

Italian truck, bus and engine maker Iveco group signed a memorandum of understanding (MoU) with Enel X to develop electric mobility for commercial vehicles in Europe.