Romania Feed

Romania’s Competition Council has imposed over EUR70 million in fines in 2020, the year which came after a period of transition during which the antitrust body did not finalize a large number of cases, per an analysis by Catalin Suliman (partner) and Georgeta Gavriloiu (counsel) with Filip&Company.

The Energy and Water Regulatory Commission granted approval to Eurohold Bulgaria for the acquisition of the Czech energy company CEZ Group’s subsidiaries in Bulgaria.   In this way, Eurohold obtained all the necessary approvals by the Bulgarian authorities to carry out the acquisition. The deal was approved by the Commission for Protection of Competition on […]

Working from home will become a common practice within many companies even after the Covid-19 pandemic, tourism will become more local and more frequent, investment deals are expected to dip and 2021 is expected to be a breather year for residential, Colliers International consultants predict.

SUSTAINABLE INNOVATIONS, Technological Corporation of Andalusia (CTA in its Spanish acronym) and Impact Hub Madrid are participating in agroBRIDGES, an EU-funded project under the European Union’s Horizon 2020 research and innovation programme, focused on building bridges between consumers and producers by supporting short food supply chains (SFSCs) through the development of a systemic, holistic, multi-actor […]

Life is Hard (LIH.RO), a software solutions provider listed on the Bucharest Stock Exchange, wants to fully acquire Innobyte, one of the leading players on the Romanian ecommerce market.

Leading U.S. life insurer Massachusetts Mutual Life Insurance Company (MassMutual) today announced the opening of two MassMutual Global Business Service Center locations in Romania, located in Orhideea Towers in Bucharest and Record Park in Cluj-Napoca. Both sites are positioned in areas designed to attract local tech talent, adding to continued technology hiring by the company […]

Țuca Zbârcea & Asociații law firm advising giant AmerisourceBergen Corporation on the local loop of its USD 6.47 billion acquisition of Alliance Healthcare distribution business from Walgreens Boots Alliance (WBA).   On 6 January 2021, AmerisourceBergen Corporation (NYSE: ABC) and Walgreens Boots Alliance signed the transaction whereby the U.S. corporate giant acquired Alliance Healthcare – […]

Sévan Kaloustian has been elected as Vice-President of the Romanian Association of International Medicines Manufacturers (ARPIM) for a 2-year mandate, at the organization’s most recent General Assembly.   Through this new assignment, the Managing Director of Janssen pharmaceutical companies of Johnson & Johnson in Romania will take further steps to strenghtening the company’s mission on […]

2021 is expected to be a year of recovery, but many uncertainties remain, like those related to the vaccines’ ability to return everyday life back to normal or to potential jitters about the monetary policy at the major central banks’, which would have deep ramifications globally, Colliers International consultants predict. Working from home will become […]

Developers of industrial and logistics spaces delivered new projects totaling 600,000 square meters in 2020, sticking to their announced investment plans despite COVID-19 crisis.

Zoltán Pilecki (48 years old) is a retail professional with over 20 years of industry experience, holding leadership positions in companies such as Alveus and Studio Moderna. Throughout his career, Zoltán Pilecki coordinated the implementation and integration of innovative strategic directions within the companies he led, demonstrating deep knowledge of the Romanian retail market and […]

The developers of industrial and logistics spaces completed last year new projects with an area of about 600,000 square meters, thus maintaining the investment plan announced at the beginning of the year, despite the COVID-19 crisis. “Almost all the projects announced by the developers for 2020 have been delivered. Developers have not stoped or slowed […]

US drug wholesaler group AmerisourceBergen Corporation is acquiring Alliance Healthcare, the distribution business of Walgreens Boots Alliance (WBA), also present in Romania, for $6.47 billion.

Passenger traffic on the Timisoara International Airport declined by 70.5%, down to 470,631 passengers in 2020, compared with 1,595,012 passengers in 2019, the airport said in a statement Tuesday.

Dragos Constantinescu, head of URSUS Breweries, was appointed President of the Romanian Brewers Association.

Revenue of the luxury hotels in Romania halved to 57 million lei due to the pandemic in 2020, market research company Euromonitor data show.

New car registrations in Romania fell by 21.8% in 2020, to a total 126,351 units, placing the country 15th in the European Union, data from the European Automobile Manufacturers Association (ACEA) and the association of automotive manufacturers in Romania (ACAROM) showed Tuesday.

Logistics and parcel delivery company DHL Express Romania ended last year with double the e-commerce revenue compared with 2019. DHL Express Romania also posted growth of 20% in revenue, driven by higher e-commerce volumes.

Modern retail chains in Romania are preparing to open 400 new stores in 2021 and spend EUR700 million to EUR800 million on expansion, on upgrades and logistics, ZF has found from the data they supplied.

Art Safari, the biggest art event in Romania, marks the National Day of Culture and celebrates top Romanian painters with 10 short films series: Masters of Romanian Art.   Fascinating, little-known stories about some of the biggest artist in Romanian art history are available on Art Safari Bucharest Facebook page, starting January 15. “We tell the forgotten […]