Private equity firm BlackPeak Capital has appointed Virgil Chitu, a banker with more than ten years of experience, head of its Romanian operations and announced an up to EUR40 million investment plan to support small and medium-sized businesses in Romania.
Irish fashion retailer Primark, famous for its large format stores and low pricing strategy, has announced on May 11, 2023 that it will open its second store in Romania, in Bucharest-based AFI Cotroceni shopping center, on June 20, 2023.
Dacia Mioveni and Ford Otosan Craiova, the two car plants in Romania, manufactured 34,000 vehicles in April 2023, 15% fewer than in April 2022, as per data from the country's carmakers association ACAROM.
The investment potential of the green power market (solar panels, heat pumps, insulation) in Romania stands at more than EUR30 billion by 2040 and about EUR20 billion of that could come from banks, a report of advisory firm McKinsey & Company Romania shows.
Spedition UMB, Romania’s largest building company by 2021 figures, saw its 2022 turnover soar by 61% to RON2.1 billion from 2021. Profit posted a fourfold increase, to RON137.8 million, but the number of employees is still low, at below 50.
New car registrations in Romania increased by 16.48% to a total 9,865 units in April 2023 versus April 2022, data from the association of automotive manufacturers in Romania (ACAROM) showed on Wednesday (May 3).
AKCENTA, regional fintech leader in international payments and currency exchange, announces the appointment of Daniel Bogiu as Country Manager of AKCENTA in Romania, thus marking the strategic decision to expand the local presence in each county and increase the support capacity for customers in Romania, as per data from company representatives.
Silviu Popovici, the most powerful Romanian executive at PepsiCo, says that during the period full of challenges globally he has not out strategic investments on hold and is further developing inclusively the business of Romania and wants to invest in brands and sustainability.
Cosmetics and consumer goods producer and distributor Sarantis, held by the Greek group by the same name, increased its revenue by 14.3% to RON463.5 million in Romania in 2022, in a year with a record high inflation.
French-held Carrefour group will take over rival Cora’s operations in Romania in the largest deal in local retail in the last few years, put at EUR70 million to EUR90 million, several sources told ZF. The two parties had not returned ZF’s calls for comment on the agreement and the motivation behind the sale and acquisition by the time the story was ready for posting.
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.
Global real estate professional services firm JLL (NYSE: JLL) and iO Partners have announced on April 25 that JLL will transfer to iO Partners its existing Leasing, Capital Markets, Valuation Advisory, Consulting and Project Management delivery businesses to iO Partners in the Czech Republic, Hungary, Romania and Slovakia.
Romania had 949 kilometers of highway at the end of last year, 18 more than in 2021, which account for 1% of the total public road network and 5.4% of the national road network, National Statistics Institute data published on Friday show.
5 to go coffee shop chain, the largest such chain in Romania, has opened almost 50 shops since the beginning of the year and is to overshoot the 500 mark, almost half of which in Bucharest, the company said.
Brasov has become the biggest regional residential market in Romania after Bucharest-Ilfov and ahead of Timisoara and Cluj-Napoca in the first quarter of this year, real estate consultant SVN Romania says in a report based on the official statistics and the data of its Brasov office.
Fondul Proprietatea, a minority stakeholder in companies owned by Enel group in Romania, sealed a contract for the sale of the respective stakes to Greek company PPC for RON650 million.