Romania Feed

Germany’s do-it-yourself (DIY) retailer Hornbach is expanding its Romanian store network by opening its ninth unit, in Constanta (south-eastern Romania).

Real estate developers acquired land plots worth a total EUR720 million in capital city Bucharest over the last two and a half years (between 2020 and the first half of 2022), almost double the level recorded between 2017 and 2019, as per data from real estate consulting firm Cushman & Wakefield Echinox.

Depanero, the largest service and repair firm for electronics and appliances in Romania, part of eMAG group, has leased over 4,000 square meters in the Sema Parc business park developed by River Development.

Law firm Filip & Company has assisted Evergent Investments (EVER.RO, former SIF Moldova), a company that distinguishes itself through private equity investments, in acquiring a significant stake in Romanian software producer MWARE Solutions, a company specialized in Big Data, unstructured data, artificial intelligence and digitalisation solutions.

The European Bank for Reconstruction and Development (EBRD) on Wednesday (Sept 28) revised upwards its forecast on Romania’s economic growth to 5.4% in 2022 from a previous projection of 2.5%, which translates into an increase of 2.9 percentage points.

Financial analysts part of the CFA Romania association expect the Romanian leu will depreciate to an average of 5.04 units to the euro in the next 12 months, while the annual inflation is seen averaging 10.05% during the same period, a monthly poll by CFA Romania showed Wednesday (Sept 28).

Dental clinic network Dr. Leahu posted operating revenues worth RON59.3 million in the first half of this year, up 32.8% from 1H/2021.

French group Alten, specialized in consulting and tech services, has sealed an agreement to acquire IT company Qualitance, set up 15 years ago by Radu Constantinescu and Ioan Iacob.

Wine maker Purcari Wineries has signed an agreement to purchase the majority stake, of 76%, in Bulgaria’s Angel’s Estate winery.

Lantmännen Unibake Romania, a major player on Romania’s bakery market, has started building the new plant of Pantelimon where it will manufacture premium bread specialties.

HeadHunting IT, an IT specialist selection and recruitment firm set up 10 years ago, registered EUR6 million turnover in 2021, up over 33% from the previous year amid rising demand for specialists domestically and abroad, stated Razvan Rada, the company’s general manager.

Romania is a strategic market for Spanish-owned Glovo, as more than 10% of the global virtual stores operating under the Glovo Express brand in the group's network are located locally, says Daniel Alonso, vice president of Glovo's quick commerce division. In fact, the Romanian office is a regional hub.

Demand for doors and windows in Europe will increase in the coming period, as the NRRP allows for building insulation, which is why Pinum, the company now owned by Nusco SpA, will start the construction of a new EUR20 million factory.

AROBS Transilvania Software (AROBS.RO), the Romanian IT company controlled by the entrepreneur Voicu Oprean from Cluj, posted operating revenue of RON128.8 million in the first half of 2022, 34% more than last year.

Evergent Investments (EVER.RO, former SIF Moldova), a company that distinguishes itself through private equity investments, entered the IT sector by acquiring a significant stake in Romanian software producer MWARE Solution SA.

The European Investment Fund (EIF) will provide EUR8.4 million (RON42 million) in guarantees for microfinancing operations worth RON500 million (EUR100 million) carried out by BT Mic, the microfinancing company of lender Banca Transilvania, based on a new partnership signed by the two institutions.

At 11:49 a.m. on Tuesday (Sept 27), a DEALS transaction was registered in the Bucharest Stock Exchange system with a total of 7.7 million Evergent Investments (EVER.RO, former SIF Moldova) shares worth RON9.3 million.

Romanian natural gas producer and supplier Romgaz (SNG.RO) on Tuesday (Sept 26) said in a stock market report that it placed with state-run lender CEC BANK three term deposits in the total amount of RON290.44 million, as per calculations by Ziarul Financiar (ZF) daily.

The electric vehicle charging market will grow to EUR75.5 billion in 2035, from EUR4.5 billion in 2021, according to the Digital Auto 2021/22 report drafted by strategy&, the global strategy department of PwC, considering that estimates show that nine out of ten (93%) cars sold in 2035 will be electric (BEV).

ialoc, the platform used for reservations and quick payments for the hospitality industry, has attracted an investment of EUR500,000 from MaxyGo Invest Holding.