Poland | Romania Feed

Spyrosoft Solutions SRL, the local subsidiary of Poland’s software engineering company, in 2023 registered RON46 million turnover, over fourfold bigger than in 2022.

The total investment in commercial real estate assets, encompassing office spaces, retail establishments, logistics and industrial spaces, and hotels, across Poland, Czech Republic, Hungary, Slovakia, and Romania, amounted to just EUR5.1 billion in 2023, the lowest annual amount of the last decade, but 2024 outlook shows renewed optimism, as per a report drafted by iO Partners in collaboration with JLL.

Polish-held retailer Żabka, one of the largest grocery retailers in Poland, is entering the Romanian market with the acquisition of the majority stake in distribution company DRIM Daniel Distributie FMCG. The deal will be completed once all regulatory requirements have been met.

Polenergia, Poland’s largest private energy group, controlled by two investment funds, has taken over 60% of project company Naxxar Wind Farm Four SRL that is developing one of the largest onshore wind parks in the region with an estimated capacity of 685.6 MW, in Tulcea county.

PKO Bank Polski, Poland’s largest state-owned bank, with assets accounting for almost 70% of the Romanian banking system, has announced it is set to start operations in Romania in early 2024.

Poland’s Resource Partners, one of the leading regional managers of private equity funds, said on April 25 that Romania would be the main market for the investment company’s third fund, which aims at a size of EUR150 million.

Novaservis Ferro Group, the subsidiary of Poland’s sanitary ware and heating solutions provider Ferro Group, which has a regional presence in Central and Eastern Europe and manufacturing facilities in Poland and Czech Republic, has taken out a EUR15 million two-year loan from BRD.

Poland’s alternative payments company PayPo, which provides buy now pay later-type solutions, wants to launch a mobile app on the Romanian market in 2023, set to facilitate so-called delayed payments in Romania’s offline commerce, explained Raul Durma, general manager of PayPo Romania

Teilor, the luxury jewelry store chain with bonds listed on the Bucharest Stock Exchange, continues to expand in Poland by opening a new store, in Wroclaw, thus reaching a portfolio of 13 units outside Romania.

Poland’s PayPo, which provides an alternative payment solution of the buy now pay later type for online retailers, has recently entered Romania’s market with a EUR20 million investment budget.

Luxury jewelry chain Teilor is expanding further in Poland by opening a new store, in Poznan, thus reaching a 63-unit network in five countries of Central and Eastern Europe.

Poland’s software engineering company Spyrosoft Solutions plans to reach 100 IT experts on the Romanian market by the end of 2022, company representatives said in a statement.

Poland’s brand Zelmer, recently taken over by a Spanish group, is set to enter directly on Romania’s market.

Poland’s Inovo VC, now raising capital for its third fund totally worth EUR100 million, plans to invest around 10-20% of this sum in tech startups of Romania.

Poland’s CCC, a major player in Romania’s footwear retail by turnover, is opening an offline store for its purely online brands epantofi.ro and Modivo in Mega Mall shopping center.

Romanian video game developer Amber has continued to expand and has opened a new office in Warsaw, Poland, its officials said. The new office will focus on programming, art and game design, aiming to increase Amber's expertise in PC and console game development.

Poland’s retail group CCC, operating particularly on the footwear market, in 2021 generated RON661 million (626.7 million zlotys) turnover, up 33% from 2020.

Poland’s Scallier, one of the most dynamic investors in small and middle-sized retail parks, contracted EUR8 million funding from OTP Bank Romania for the construction of Turda-based retail project Funshop Park, set to comprise around 9,000 square meters of commercial space built on a 24,000-sqm land plot.

At the beginning of April 2022, Poland’s software engineering company Spyrosoft Solutions opened a local office in Timisoara (western Romania), within the Vox Technology Park, where it leased 400 square meters of office space.

Poland’s CIECH Group, with a 75-year experience in the chemical products industry, enters the Romanian agribusiness market and establishes CIECH Agro Romania.