The Bucharest Capital Markets Practice of global law firm Clifford Chance, coordinated by Partner Madalina Rachieru-Postolache, advised for on four equity and bonds transactions successfully concluded in November – December 2023, with a combined value of almost EUR1 billion.
Engie Romania, the largest natural gas distributor and supplier on the local market and a part of French utility Engie, said on Monday (Dec 18) that it plans to build a 37.2 MWp solar photovoltaic (PV) park in the Aricestii Rahtivani commune, the southern Prahova County.
Romania recorded an 86% increase in the number of FDI (foreign direct investment) projects in 2022, making it the fifteenth most attractive European investment destination, up seven places from the previous year, according to the 2023 edition of the annual report EY Romania Attractiveness Survey.
The capitalization of all 371 companies listed on the Bucharest Stock Exchange (BVB), both on the Regulated Market (RM) and on the Multilateral Trading System (MTS), reached an all-time high, at over RON301 billion, at the end of the first 11 months of 2023.
Regina Maria network, the second largest player on Romania’s private healthcare market by turnover, has opened a medical center in Timisoara in the wake of a EUR8 million investment.
Oves Enterprise, a Cluj-Napoca-based company specializing in software development, is set to expand internationally and is opening its first office in Norway, Oslo, the seventh launched abroad in the past two years.
A large part of companies in Romania, from micro-enterprises to large ones, will undergo a sizable business restructuring process in 2024 amid fiscal challenges and rising economic uncertainties, reveals a Sierra Quadrant survey.
Real estate developer One United Properties has finalized the acquisition of former Ford plant, a historic landmark that will be turned into a commercial development, One Gallery, with the deal being sealed with Auchan Romania.
Online fashion retailer Answear has managed to boost its Romania business by 20% this year, reaching over 400,000 clients locally, 10% more than in 2022.