Romania Feed

Integrated mobility services provider Autonom Services, controlled by brothers Marius and Dan Stefan, is readying a bond issue worth as much as EUR50 million, with a five-year maturity, according to several ZF sources.

Suceava-based Dorna Medical, one of the five most dynamic companies in the healthcare sector, wants to grow by over 10% in 2021, which would take the company’s turnover to more than RON45 million this year, in line with ZF calculations.

Radisson Blu Brasov hotel, developed by RaRa Hotels, part of RaRa Group controlled by Ramona Neamtu and Razvan Neamtu, is set to open in the first quarter of 2021, according to the hotel’s representatives.

Germany’s Allianz group, present in Romania through insurer Allianz-Tiriac, ended the first nine months of 2021 with EUR7.26 billion revenues, 38.9% higher than in the same period of 2020, and operating profit of EUR9.9 billion, up 27.2%.

2021 will bring a turnover decline for Interstar Chim against the first pandemic year, as disinfectant demand declined, but the figure will go beyond the level of 2019, the last year before the pandemic.

Italy’s Enel, one of the biggest players on the domestic energy supply and distribution market with 3 million clients, in the first nine months of 2021 reached revenues of almost EUR1.1 billion, up 6% from the year-earlier period.

Romcab Targu-Mures (MCAB.RO) on Wednesday notified the Bucharest Stock Exchange that Romania’s Financial Supervisory Authority (ASF) had approved the mandatory tender offer by Sadalbari SRL, which owns 69% in the fiber optical cable manufacturer.

Chimcomplex (CHOB.RO) shareholders on November 9 approved the allocation of RON60 million in gross amount as interim dividends, the company notified the Bucharest Stock Exchange. The amount will be adjusted once the yearly financial statement has been approved.

The revenue of pharmaceutical company Antibiotice Iasi stood at RON245 million in January-September, an increase of 21% on the year-ago period, its report to the Bucharest Stock Exchange shows.

Law firm Stratulat Albulescu is extending its Real Estate Practice with the appointment of Managing Associate Manuela Iurascu and Associate Irina Caragea.

The Bucharest Stock Exchange on Wednesday said the pre-emptive rights issued for the share capital increase carried out by Safetech Innovations (SAFE.RO) will start trading on Friday (November 12) under the ticker symbol SAFERO1.

New office project deliveries in capital Bucharest totaled 132,200 square meters between July and September 2021, the highest quarterly value ever recorded on the local market. In Jan-Sept 2021, the volume of new office spaces finalized stood at 178,200 sqm, per data from real estate consulting firm Cushman & Wakefield Echinox.

TotalSoft, one of the leading providers of business IT systems in Central and Eastern Europe, and Plin Tech, part of the KFI group and a leader in implementing integrated supply chain solutions, have signed a strategic partnership to deliver Charisma ERP to organizations, a solution dedicated to business processes digitization. The aim is to strengthen […]

The Romanian Independent Directors Association (AAI) today announced that it has joined the Climate Governance Initiative as host of Chapter Zero Romania, its Romanian Chapter. KPMG in Romania has also stepped forward as a Supporter and Content Partner.   The Climate Governance Initiative (CGI) is a global community of non-executive board directors and subject matter […]

The Romanian office of the CEE-SEE law firm Wolf Theiss has expanded its team of lawyers, welcoming Mihai Coadă, Alexandru Vlăsceanu, Elena Ionaşcu and Vlad Catană to the Corporate / M&A practice group.   Following the recent addition of Bogdan Bibicu as a new partner at the beginning of November, Wolf Theiss continues its Bucharest […]

v8 announces that Adina Stănescu is its new Creative Director. With over 10 years of experience in advertising and dozens of local and international awards including Cannes Lions, D&AD, LIA Awards, Webby, Golden Drum, One Show, Effie and Internetics, Adina Stănescu aims to develop within v8 a culture of creativity, both inside the agency and […]

PayU, the leader in online payments in Romania, estimates that in this year’s edition of Black Friday, which begins on November 12th, in e-commerce market, products and services worth almost RON 500 million will be purchased and paid online. Thus, we can expect an increase of about 12% in the volume of online payments compared […]

In the course of its Digital Day to be held today in Paris, Carrefour is presenting the key drivers of its 2026 digital strategy and the related value creation objectives. This strategy is based on Carrefour Group’s unique and decisive assets, resulting from the deep transformation carried out since 2018.   The strategy is built […]

Sonae Sierra has been recognized by GRESB Real Estate Assessment as Green Star for 13 consecutive years, achieving the highest possible rating of 5 Stars for both Sierra Prime and Iberia Coop funds in 2021.   Sierra Prime hold the second place in the Southern Europe shopping centre core category and Iberia Coop coming third […]