Romania Feed

Entrepreneurs Adrian Paval and Dragos Paval, owners of DIY chain Dedeman, have transferred the 73% stake Dedeman owned in brick manufacturer Cemacon to their investment vehicle Paval Holding.

Counsel Group Frankfurt, a company with Romanian-German shareholders, specialized in providing services and software solutions, announces the appointment of Alexandru Sgâncă as Country Manager Romania.   Alexandru Sgâncă has over 12 years of experience in the software field, acquired within METRO SYSTEMS Romania, where he held several roles including Team Leader, Department Manager, Capability Manager, […]

The number of real estate deals in Romania stood at 77,355 in December 2020, 17,172 more than in November 2020, data from the national cadaster agency ANCPI showed Wednesday.

Sales of ready meals will amount to more than 400 million lei in 2021, following 13% growth year-on-year, market research company Euromonitor estimates show.

Alexandrion Group, the largest spirits producer in Romania by turnover, targets major investments in the hospitality industry, by acquiring several hotels in the next five years.

Several construction material manufacturers are investing almost EUR50 million in new precast concrete, thermal insulation panel, brick and polystyrene plants in Romania in 2021.

Romanians took out more than 1.47 billion lei in new mortgage loans in lei in November, the highest level in the past year, with only October 2019 recording a slightly higher figure of RON1.48 billion.

Bogdan Dobre has taken over as the new Chief Executive Officer of Holcim Romania, starting January 1, 2021.

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted before May 2019, declined for the second consecutive day, down to 1.85% on Wednesday (January 6).

The World Bank expects Romania's economy to contract 5% in 2020, followed by a 3.5% growth in 2021 and a 4.1% growth in 2022, according to a note by lender Banca Transilvania.

Deloitte assisted the Austrian insurer Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG) in the acquisition of the Dutch group Aegon’s non-life and life insurance, pension and asset management businesses in Hungary, Poland, Romania and Turkey. With a purchase price of EUR 830 million, this is one of Central Europe’s largest deals in the financial […]

The COVID-19 pandemic completely changed the plans and expectations we had at the beginning of this year. Meetings with loved ones, interactions with colleagues and hours spent together are now defined by a new normal. However, there is one crucial thing that has remained constant in our concerns: our health.   Good health is maintained […]

Extending your house may be one of the most significant renovation decisions you will make for your home. Not only will it bring about major changes to your home’s appearance, but it can affect the real estate value of your home too. The cost of extending your house can cost quite a lot, so careful […]

Alive Capital, supplier of electricity and electrical service provider, announced Tuesday it has successfully closed a private placement for corporate bonds opened on November 23, 2020, raising RON10 million.

ROCA Investments, the private equity division of Impetum Group, has bought a 24% stake in CAHM Europe, a local producer and distributor of hotel cosmetics and accessories, retail products and personal, industrial and medical use disinfectants.

Suciu – The Employment Law Firm announced the promotion of Teodora Manaila to the Senior Associate position, effective January 1. Teodora had previously joined Suciu – The Employment Law Firm in December 2019 as an Associate.   Her performance as an employment and data protection lawyer has been influential for prompt and excellent client problem resolution. The quality […]

Romania's Competition Council said Tuesday it was analyzing the transaction whereby state-owned hydropower producer Hidroelectrica is acquiring Crucea Wind Farm SA and STEAG Energie Romania SRL from German energy group STEAG.

While some 50 percent of employees in large companies are expected to return to their offices by mid-2021, founders of startups are dealing with a myriad of challenges while trying to grow their operations. Fully remote work is proving more efficient from a cost perspective, but building a company culture and integrating new people into […]

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted before May 2019, dropped to 1.91% on Tuesday (January 5), compared with 2.01% on Monday (January 4).

This year will bring interesting opportunities on the Romanian mergers and acquisitions market in terms of political change, consumer behavior and entrepreneurs' ability to adapt to the challenges of post-pandemic uncertainty, EY Romania said Tuesday.