Romania Feed

Dr.Max Group, the leading pharmacy chain in Central Europe, held by Czech investment fund Penta Investments, signed an agreement for the acquisition of retail and distribution operations of Gedeon Richter in Romania, as per data provided on Friday (Oct 21) by the officials of the Bucharest office of law firm Wolf Theiss which assisted Dr.Max Group in the transaction.

ALRO, one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, welcomes the adoption of the Emergency Ordinance on compensating the indirect emissions costs embedded in the electricity price.

GTC, one of the leading real estate companies in Central and Eastern Europe (CEE), has completed the refurbishment of the City Gate Complex, following an investment of EUR3.5 million.

Romania's nuclear power producer Nuclearelectrica (SNN.RO), listed on the Bucharest Stick Exchange since 2013, will benefit from the issuer's market-making services provided by BRK Financial Group, starting October 21, 2022.

Aquila Part Prod, the largest player on Romania’s consumer goods distribution market, is investing over EUR220,000 to expand the photovoltaic plant launched in late March, as well as in the construction of a new plant in Ploiesti, with a total combined capacity of 230 Kw.

Cegeka Romania, the local subsidiary of the Belgian company of the same name, expects turnover to rise by around 28% in 2022, to EUR48 million.

Emerald medical center of Bucharest, part of Sofmedica group, will open a second clinic in Iasi in the wake of EUR3 million investments.

Bearing manufacturer Timken Romania, the local subsidiary of the US Timken group, posted RON460.6 million (EUR93.6 million) revenue in 2021, down about 6.5% from the RON492.6 million (EUR101.8 million) in 2020, Finance Ministry data show.

Automotive component manufacturer Preh Romania, a supplier for Porsche, Mercedes and Tesla, currently has 150 jobs available at its car components factory in Ghimbav, according to the County Employment Agency (AJOFM) Brasov.

Bittnet Systems (BNET.RO) on Thursday informed investors in a stock market report about a credit agreement concluded between Dendrio Solutions, an IT&C integrator part of Bittnet Group, and lender Banca Transilvania.

Romania's finance ministry on Thursday (Oct 20) reopened a bond issue due in 2026 and borrowed RON398 million from banks, below the planned level of RON400 million, at an annual average yield of 9.47%.

GapMinder, a venture capital fund investing in technology companies created in Romania and Central Europe, said it invested in OutThink, a cybersecurity SaaS platform that identifies, understands and manages human risk, company representatives said in a statement.

The Romanian Government has approved a substantiation note regarding the acquisition by the Ministry of Transport of 20 inter-regional electric trains (RE-IR2) for passengers, a deal worth almost EUR184 million (VAT included) funded both from the EU’s Resilience Facility and the state budget.

Romania’s Competition Council has authorized a transaction whereby Golden Foods Snacks, a producer of salty snacks, seeds, peanuts and dehydrated fruits, is acquiring the company Derpan Galati, a bakery and pastry producer founded by brothers Valentin and Emil Ancuta in 2001.

Romania’s beer market decreased by 4% in the first eight months of 2022 as compared to the same period in 2021, after the first four months had brought a 10% volume decrease, in line with data provided by the Romanian Brewers Association.

The TechAngels group of private investors, focused on supporting technology startups in Romania and the region, has invested in the development of local tech startups over EUR4.6 million in the first nine months of 2022, company representatives said in a statement.

Companies in Romania have over EUR2.5 billion at disposal for investments in green energy generation or energy efficiency improvement, the digitalization of operation of small and medium-sized enterprises (SMEs), recycling, manufacturing or SME retrofitting, in the coming months, during the busiest period for non-reimbursable funding since our country joined the EU in 2007.

UniCredit Bank has received from the Finance Ministry the allocations of loan guarantee ceilings for eligible companies under the IMM Invest Plus program intended for small and medium-sized enterprises (SME), which makes 2022 the third consecutive year that the bank has participated in this program.

Logistics and industrial space developer CTP has finalized the warehouse within the CTPark Bucharest North for online retailer Sezamo, part of Czech group Rohlik.

Law firm Filip & Company assisted Polish company Alsendo owned by Abris Capital Partners, a private equity investor specialized in ESG transformation, with the acquisition of a majority stake in Innoship, a local startup offering fast delivery solutions for companies in the retail and e-commerce industry.