Romania Feed

Marsh, an insurance brokerage and risk advisory company, has appointed Cristian Fugaciu to the position of Co-CEO for Central and Eastern Europe (CEE), alongside Artur Grzeskowiak.

CaptainBook.io, a Greek online platform that connects tours, activities & experiences providers to local trusted resellers such as hotels, Airbnb hosts, and travel agencies, has raised EUR250,000 in a pre-seed funding round led by technology startup investment platform SeedBlink.

Private medical services operator MedLife (M.RO) continues its expansion plans at national level with the inauguration of the largest medical clinic in the Municipality of Deva.

Modern concepts that combine work with urban life and provide easy access to co-working, co-living, socializing and wellbeing spaces would bring more balance between the professional and personal life for almost 26% of respondents, less time spent in traffic (21%) and more with friends and family (12.6%), as per a survey run by Genesis Property in October 2022 on 1,031 employees from all over the country.

Zitec, a provider of IT and digital marketing services, specialized in developing digital transformation solutions and services, ended 2022 with a turnover of over EUR25 million, up 42% from 2021, company representatives said in a statement.

FAN Courier, the courier market leader, has budgeted investments of EUR20 million this year.

The Bucharest National Airport Company (CNAB), which administers the Henri Coanda (Otopeni) and the Aurel Vlaicu (Baneasa) airports, said in a statement that it registered an 82.2% surge in traffic to 12,61 million passengers in 2022 versus 2021.

Greek investment fund Bluehouse Capital, active on the European and Southeast market, has sold the Olympia Tower office building in capital city Bucharest to Yellow Tree.

Law firm RTPR announces that it promoted Ana Popa, Andrada Rusan and Diana Dimitriu to the position of Senior Associate, and Lia Ilie and Codrina Simionescu to the position of Managing Associate.

PeliPartners has promoted Denisa Frincu to the position of Senior Associate starting with January 1, 2023.

In November 2022, the volume of construction works in Romania rose, in unadjusted data, by 20.3% compared to November 2021 and was up 20% when adjusted to the number of working days and to seasonality, in line with data from the country’s statistics board INS.

Premier Energy, a major natural gas supplier in Romania, has acquired the wind park of Nalbant, Tulcea, which boasts one of the best yields in the country, from Enex SRL.

Hefestos Capital, an investment banking firm of southeastern Europe, founded by Serbs Milutin Nikolic and Pavle Kavran, has bought from Russian group TMK the stock held in German company TMK Europe, which is the main stakeholder in Romania’s TMK Artrom SA.

Redport Capital, a major Romanian real estate developer active in Bucharest’s north, has acquired 10,800 square meters of land and 4,700 square meters of warehouses in a EUR3.2 million deal from HAVI Logistics.

Alba-based building materials producer Florea Grup, which also operates in the tourism, energy and transport fields, in 2022 reported EUR60 million turnover and profit worth around EUR5 million.

Retail space deliveries will increase significantly in 2023, considering that over 230,000 square meters of retail spaces are currently under construction and are planned to be completed by the end of 2023, which would represent a record high of the last six years, as per data from real estate consulting firm Cushman & Wakefield Echinox.

Israel’s Nofar Energy, one of the biggest commercial and industrial solar companies in the world, has signed a contract to acquire a solar energy project of 73 MWp, in Romania's locality of Slobozia (Giurgiu County).

The association made up of CCAT Solution Grup and Egis have been awarded a EUR5 million contract to provide supervision of contract for construction and rehabilitation works under the Regional Water and Wastewater Infrastructure Development Project in the operation area of EUROAPAVOL, during 2014-2020.

Companies leased a total of 332,922 square meters of office space last year, which includes new office space leases and contract renegotiations. Demand for new office space is up 13% in 2022 compared to the previous year, according to Fortim Trusted Advisors data.

Romania’s Henri Coanda (Otopeni) international airport served more than 12.6 million passengers in 2022, over 80% more than in 2021, according to the data from Otopeni Airport representatives.