Romania Feed

Following the announcement related to the consolidation of the team of partners with the internal appointment of Roxana Ionescu and Cosmin Tilea, RTPR announces new promotions within its team of lawyers. Vlad Stamatescu was promoted to Senior Associate, while Andrei Tosa, Marina Fecheta-Giurgica and Cezara Urzica to Managing Associates. Iustina Nastasa, Laura Costea and Radu […]

Romanian shipyard Santierul Naval Orsova (SNO.RO) said Thursday in a stock market announcement that it had concluded two external contracts worth EUR4.06 million for the construction of two river vessels to be delivered to The Netherlands.

Real estate consultancy company CBRE has appointed Victor Rachita to lead the Industrial & Logistics (I&L) Department in Romania, pursuing its consistent efforts to strengthen the industrial & logistics team and extend the local market share.

Cristian Secosan, 54, will take over the position of general manager of Delgaz Grid, the natural gas and electricity distribution company in Romania of German utility group E.ON, and that of deputy general manager of E.ON Romania, from the beginning of April 2022.

EA – The Entrepreneurship Academy appointed Ioana Ceaușu as its new Chief Operating Officer, starting this month. Ioana joins the management team alongside Alexandru Ghiță, President of the faculty, and Cosmin Alexandru, Dean and co-founder. Prior to this role, Ioana was a Program Manager in the EA team, starting in the summer of 2019.   […]

The Romanian banking sector saw its profitability fall to 8.26% in 2020, from 11.06% in 2019 due to the pandemic, being the first time the local banking sector profitability was below 10% in the last six years, per the 11th edition of the McKinsey Global Annual Banking Review, which also shows the financial services industry survived the pandemic better than expectations, but the sector is under the sign of a great divergence.

The Board of Directors of EVERGENT Investments, a financial investment company with assets under management of over 2.5 billion lei, convened its shareholders for an Extraordinary General Meeting on January 20, 2022. All the items on the agenda of the General Assembly were approved.   The main resolutions were: The amendment of EVERGENT Investments’s Memorandum […]

The value of remittances to Romania in 2021 reached EUR 316 million, an increase of 79% compared to 2020, as shown by data provided by Revolut super-app with 18 million customers globally, of which over 1.5 million in Romania. At the same time, the number of remittances generated by Revolut customers to Romania increased by […]

PlanRadar, Europe’s leading digital field management platform for construction and real estate projects, today announced a $69 million fundraising round co-led by Insight Partners and Quadrille Capital. The third-largest Series B in Austrian history and the largest-ever for a B2B company, the round also drew substantial participation from existing investor Cavalry Ventures. Additional participants included […]

Most commercial real estate (CRE) companies (80%) estimate revenue increases in 2022 compared to 2021 and 73% expect transactions activity to intensify over the next 12 months, according to the Deloitte 2022 Commercial Real Estate Outlook global study.

Safetech Innovations (BVB: SAFE), a Romanian cybersecurity company listed on the AeRO market of the Bucharest Stock Exchange, announces the conclusion of the share capital increase operation and the raising 10.6 million lei from investors. The raised capital will expand the company’s business by setting up two new subsidiaries in the UK – London and […]

FLOWX.AI, the enterprise platform that helps enterprises build omnichannel experiences unbounded from legacy stack limitations – announced today the appointment of Rodica Guisset as its Managing Director for EMEA and UKI, as well as the opening of the company’s office in Paris, France.   Rodica Guisset will lead the company’s operations in EMEA and UKI, […]

Romanian fintech FLOWX.AI on Thursday announced the opening of an office in Paris and the appointment of Rodica Guisset as its Managing Director for EMEA, UK and Ireland.

The financial services industry survived the pandemic better than expectations, but the sector is under the sign of a great divergence, according to the 11th edition of the McKinsey Global Annual Banking Review. The industry split in the last two years into “rock star” performers and “under-performing” players and Romania made no exception, as in […]

Primark, the international retailer, has today announced plans to launch in Romania with a new store planned to open in the capital city of Bucharest later this year, located at ParkLake Shopping Centre. The move is another significant milestone for the retailer in its ongoing expansion across Europe and the US.   The new store […]

ROCA Industry has a signed a contract for the acquisition of 70% of the shares of Eco Euro Doors (EED), a Romanian producer of doors for residential projects, with a 27-year experience on the market and over 320,000 units sold in 2021.

2021 was above everything a year of constancy and transition in the Covid-19 pandemic. The competition authority finalised part of the older investigations and launched a few new ones – either against certain economic agents, or with a view to explore the way certain business sectors or relevant markets are operating. By Cătălin Suliman & […]

Irish fashion retailer Primark, famous for its large format stores and low pricing strategy, will be opening its first store in Romania, within ParkLake Shopping Center in capital Bucharest, until the end of 2022.

Romanian property restitution fund Fondul Proprietatea said in a stock market report Thursday morning that it had already sold 2.275 billion ordinary shares held by the Fund in OMV Petrom (SNP.RO), the equivalent of 4% in the company, for a total RON978 million.

Artisanal bakery chain Pain Plaisir, controlled by entrepreneurs Irina Stancescu and Tom Rees, will be opening in February a central production unit that will sustain existing stores and future store openings.