Romania Feed

Mobile Vet & Mobile Pet, a network of veterinary clinics and pharmacies, is expanding with two new units in capital Bucharest.

Vivid, the all-in-one financial platform, today announces its launch in Romania. Bringing the high financial awareness and an equal possibility to every Romanian user, is one of Vivid’s top goals. Vivid enables everyone to have access to financial services, without unnecessary surcharges. Romania is the 7th country where Vivid lands, after having already successfully launched […]

Schoenherr si Asociatii SCA advised Aquila Part Prod Com on the successful completion of an initial public offering (“IPO”) for the sale of some 66.6m new shares, for a total price of approx. EUR 74m.   The funds raised will be used to acquire FMCG/distribution companies, strengthen the company’s work capital, invest in digitalisation projects, […]

Romanian real estate developer Genesis Property joins the UN Global Compact initiative and becomes the first commercial real estate owner and developer in Romania to enter the United Nations global community for sustainability and durable development.

The coronavirus pandemic has intensified the migration of a large part of Romania’s population towards suburbs or localities around big cities, a trend that will maintain on the medium term, with direct impact on the development of the residential market, per an analysis by real estate consulting firm Colliers.

CBRE, the leader of the real estate consultancy market, advised TOPBAND Europe in the leasing process of a 11,000 sq m area of industrial spaces in the Olympian industrial park in Timișoara. This transaction represents the entry of the Chinese company into the Romanian market.   „Our client, TOPBAND, solicited our expertise to identify the […]

Chinese company Topband Europe, which produces smart controllers for home appliances and electrical equipment, has leased 11,000 square meters in the Olympian industrial park in Timisoara (western Romania) and marks its entry on the Romanian market.

Michael Topolinski made his first Real Estate investment in Romania in 2006. What was initially just business eventually became the milestone for a new life for himself, his children – 29-year-old Michael IV, Ashton (25) and Tyler (27), and his mother Edith (79), the latest from the family to move to Romania.    “I’ve been […]

S&T, one of the largest IT&C solutions integrators in Romania and part of Austria’s S&T Group, has made a new acquisition on the local market, respectively Enterprise Concept, a company specialized in business process automation.

Swedish-held Oresa, which earlier this year ventured into real estate by acquiring the Solo Iasi logistics and industrial park from the Tester Group, has brought Muler Onofrei onboard as co-managing director of the real estate unit, the investment firm announced.

London Stock Exchange Group Romania announces the growth of the local team with 100 new roles for specialists in a wide range of technologies and data services that serve the three divisions of the company: Data & Analytics, Capital Markets and Post Trade.   The announcement comes at a moment when LSEG Romania is close […]

LSEG (London Stock Exchange Group) Romania on Wednesday said it would expand its local team with 100 new roles for specialists in a wide range of technologies and data services that serve the three divisions of the company: Data & Analytics, Capital Markets and Post Trade.

Constanta-based do-it-yourself retailer Brick Romania will be opening a new store in March 2022, in Satu Mare, which will be its first unit in western Romania.

The seven private pension funds operating on the mandatory segment in Romania (Pillar II) had assets of RON86.9 billion (EUR17.5 billion) at the end of October 2021, lower by 0.2% or RON106 million than in September 2021, financial regulator (ASF) data showed Wednesday.

merXu, an online B2B trading platform for companies in Central and Eastern Europe, has announced a Series A funding round led by Prosus Ventures, with participation from existing investors Accel and Point Nine.

September brought a corporate lending rebound, after the August slowdown. Banks operating on the Romanian market granted new RON-denominated loans of RON3.77 billion to companies, up 31.6% from August 2021.

Romania’s hotel industry is in full swing and by 2024 another 15 hotels are due to be opened, with a total number of 2,000 rooms, reveals a ZF analysis based on a report by STR hospitality industry research company.

Belgium-held real estate developer Speedwell, which built Record Park mixed project of Cluj and Triama housing project of Bucharest, wants to enter the industrial space market and develop platforms in major cities of Romania.

Businessman Ovidiu Tender, owner of Vulcan platform of southern Bucharest, is in talks to sell the 25-ha land plot to a group of investors, according to real estate market sources.

Catalin Grigoriu, the entrepreneur who owns Bacau-based Moldova Farming, a grain farming and agricultural input distribution business together with Paval brothers, says he’s not considering expanding the agribusiness activity to other countries, but strengthening its nationwide position in the next 3-5 years.