Romania Feed

The volume invested in real estate assets in Romania, Poland and Slovakia increased in 2021, while the Czech and Hungarian markets witnessed a downturn when compared with 2020, according to data from the Cushman & Wakefield Echinox real estate consulting company.   At the regional level, the total transacted volume reached 9.98 billion euros, a […]

Aquila Part Prod, the biggest player on Romania’s consumer goods distribution market, proposes its shareholders a share capital increase by RON150 million (representing issue premiums) from the current value of RON30 million to RON180 million.

Commercial real estate representatives (retail, business centers and offices, logistics spaces) estimate, in a proportion of 80%, a revenue increase this year 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. At the same time, given that the global M&A activity increased by about 85% in the first half of 2021 compared to the previous year, 40% of the companies participating in the study said they could get involved in such transactions in the coming quarters.

The cumulative value of transactions with all types of financial instruments on the Regulated Market of the Bucharest Stock Exchange (BVB) exceeded, for the first time, the threshold of RON20 billion, the equivalent of over EUR4 billion, in 2021, BVB said in a stock market report on Wednesday.

Sortilemn Gherla, a major local supplier for IKEA group, controlled by Austrian Michael Brandhuver, in 2021 generated EUR37.2 million turnover, up 17% year-on-year, in line with company data.

Tiberiu Danetiu, marketing manager at Auchan Romania, said the company’s turnover rose year-on-year in 2021, with turnover generated by e-commerce doubling.

Romanian building materials producer Soceram is adding a new production unit to its portfolio.

Denmark’s Glerups, a producer of wool footwear, is expanding its production operations in Romania with a new hall and wants to hire 100 people in Aiud, Alba county, according to the representatives of Invest in Aiud, an association meant to promote investments in the city.

Mihai Marcu, CEO and chairman of private healthcare services provider MedLife, says the company’s 2022 investment budget stands at EUR100-120 million.

Austria’s HS Timber Group (the former Holzindustrie Schweighofer) will shut down the solid wood panel plant of Siret and the timber plant of Radauti at end-March, with 600 employees due to be affected.

Bringo Magazin, which operates the Bringo delivery platform, posted almost EUR10 million (RON47 million) revenue in 2020 (the last year with publicly available data).

Romania’s Competition Council said it was looking into a transaction whereby Poland's Unilink had joined the shareholding structure of Safety Broker in December 2021, the main insurance broker on the Romanian market.

The evolution of the internet brought many changes to the way we interact and do business all over the world. One of the things that came with this evolution is social media. Today, many companies are run through one or more social media platforms. Hence, online marketing is such a hot subject and should be […]

The three most important trends that will define the local training market in 2022 are adapting the courses to the new hybrid way of working, the design of learning experiences that support retention and well-being of employees, and micro-learning. On fourth and fifth places is the ability to work with data for decision making and […]

Real estate consulting firm JLL has announced a new addition to the local team of Tétris Romania by recruiting Vlad Stanislav as Managing Director.

The financial startup scene is growing rapidly right now in Europe, not only in terms of raised money and the old, very established financial market and its institutions provide a stable foundation for innovative startups that shake up the industry, according to Alex Emeshev, Vivid Money, the Berlin-based financial platform launched recently in Romania. Furthermore, […]

Romania's competition authority said it has approved the takeover of local healthcare services provider Life Line - Medical Center by Centrul Medical Unirea (CMU).

Sustainability is key in future developments, strongly believes Tinu Sebeșanu, CEO Impact Developer & Contractor. To find out more about what is to be expected in Romanian real-estate market, Business Review sat down with the CEO of one of the latest Romanian unicorns (Romanian companies with a market capitalization of over RON 1 billion).   Last year […]

SAI Patria Asset Management, a company of Patria Bank Group, ended 2021 with total assets managed of RON102.6 million, up 117% compared to the end of 2020, and launched a trading platform that allows clients online access to investment funds.