Romania Feed

The value of the global M&A market fell by 20% to USD2 trillion in the first half of 2022 compared to the same period in 2021 and is likely to fall further as economic repercussions are reflected in global markets, according to PwC’s “Global M&A Industry Trends: 2022 Mid-Year Update” report.

Many business organizations put time and effort into upgrading computers and mobile devices for file and data management and improved communications. But when it comes to phone systems, some wait years to update it. Your business phone system is more important than you think as it also has a vital role to play in the […]

Romanian authorities issued 4,257 residential building permits in May 2022, 7.6% more than in April 2022 and 8.6% fewer than in May 2021, data from the country’s statistics board INS showed Thursday.

Romania’s unemployment rate stood at 5.4% in May 2022, lower by 0.1 percentage points than 5.5% in April 2022, data from the country’s statistics institute INS shows on Thursday (June 30).

Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, has increased to 6.44% a year on Thursday (June 30) from 6.41% on Wednesday (June 29), as per central bank data.

Simtel Team, a Romanian engineering and technology company listed on the AeRO market of the Bucharest Stock Exchange under the SMTL ticker, has announced it has completed the share capital increase operation and raised a total sum of RON12.8 million from investors.

Urlati-based bakery producer Oltina Impex Prod Com, set up in 1994, ended 2021 with turnover of RON998.8 million, double the 2020 level.

Restaurant chain Mesopotamia has budgeted RON200 million turnover for 2022, almost double from 2021.

Romanian healthtech startup SanoPass, which has developed a platform offering users access to health and fitness subscriptions, wants to have 300 client companies and 50,000 users by late 2022, from around 250 client companies and 30,000 users at present.

Goldring, one of the most active brokers in terms of flotations on the Bucharest Stock Exchange, ended 2021 with RON1.5 million net profit, an increase of 112.2% on 2020, while revenue went up 66.1% to RON7.38 million, ZF has calculated from Finance Ministry data.

BCR has joined as lender the loan agreement enabling Romgaz (SNG.RO) to purchase the Exxon stake in the Black Sea gas, Romgaz said in a report to the Bucharest Stock Exchange on Tuesday night.

The Executive Board of Libra Internet Bank, with bonds traded at the Bucharest Stock Exchange under the stock tickers LIBRA28E and LIBRA30E, approved on June 28 the main features for a new bond issue, as per a stock market report released on June 29.

Orange Romania has purchased products and services worth EUR2.2 million in five years of activity from the tech startups included in the Orange Fab accelerator, a EUR2.2 million program of acceleration and collaboration with the startups, products and services, company representatives said in a statement.

Alumina producer Alum Tulcea (BBGA.RO), held by aluminum smelter Alro Slatina (ALR.RO), will suspend production in August, according to its activity plan.

HELL ENERGY, one of the largest players on the energy drinks market, is carrying out an investment of EUR18 million in the Romanian town of Ungheni (Mures County).

The Atterbury Europe South African investment fund remains committed to its desire to consolidate its presence in Romania and announced that it is increasing the number of shares owned by the Government Employees Pension Fund of South Africa, the largest pension fund in South Africa.   Atterbury Europe entered the local real estate market in […]

TEILOR, the chain of luxury jewelry stores present across the CEE region, targets investments of 27 million lei in 2022 as the company continues its international expansion across Europe.   The capital will be deployed in inauguration of new locations, upgrades to the existing stores as well as further investments in the omnichannel customer experience. […]

APT Group, a top three player in the Human Resources (HR) services market, with revenues of EUR64 million and almost 4000 employees in 2021, has changed its name to Prohuman APT and thus aligns itself to the identity of the group that is part of.

MedLife Group, the leader of the private medical services market in Romania, announced on Wednesday (June 29) the acquisition of the majority stake of 80% of the shares of SC M-Profilaxis SRL, one of the top polyclinics in Timisoara (western Romania).

Romania's nuclear power producer Nuclearelectrica (SNN.RO) on Wednesday (June 29) announced that the works related to the planned outage of Cernavoda NPP Unit 1 were completed, and Unit 1 was connected to the National Power System on June 28, 2022, reaching nominal power on June 29, 2022.