Clifford Chance Badea, the local office of global law firm Clifford Chance, continues to expand its senior team by adding Remus Codreanu as Partner in its Litigation practice (L&D), which includes the areas of White Collar and Strategic Risk Management, Arbitration, and Commercial Litigation.
Romania's Competition Council has given green light to the notified acquisition of Meditrina Pharmaceuticals S.R.L. by Fidia Farmaceutici S.p.A.
WDP, the second largest logistic and industrial space owner in Romania, has signed an agreement with Dutch retailer Action, active on the non-food items market, to develop a 54,000-sqm distribution center in WDP Park Bucuresti-Stefanesti of Ilfov county.
Building materials Prefab Bucuresti has changed its majority shareholding structure in a RON65 million deal in which Celco SA of Constanta, controlled by businesspeople Niculae and Ion Dusu, has bought the stakes sold by entrepreneur Petre Milut and investor Andrei Carol Stieber.
PartnerVet group, a veterinary services company controlled by Romanian entrepreneur Ferenc Korponay and Dragic family, has secured a funding round from investment fund Accession Capital Partners (ACP) Credit, part of ACP Group, to accelerate nationwide business expansion.
The average price of an old three-room apartment in Bucharest for the first time after 2009 overshot the psychological threshold of EUR130,000, reaching EUR130,461.
Chinese group Hisense, one of the world’s largest electronics and electrical home appliances producers, has constantly boosted its business in Romania in recent years, reaching total sales of above EUR50 million last year, almost double the 2023 level.
CIS Gaz, a Romanian natural gas industry company, founded in 1990 by Sebastian Calugar, part of CIS Group holding, for 2024 reported turnover of over RON398 million (EUR80 million), up 33.8% from 2023, in line with ZF calculations based on Finance Ministry data.
Carmeuse Holding, which owns three plants in Romania producing lime, for 2024 reported turnover worth RON210 million (EUR42.2 million), down 25.4% from 2023, in line with ZF calculations base on Finance Ministry data.
DTS Logistic Services, owned by Adrian Istrate-Scradeanu and Liviu Octavian Dragomir, who also fund rugby team ACS Tomitanii Constanta, will build an ice cream plant in Constanta county, in Poarta Alba commune.
The Bucharest Stock Exchange (BVB) has announced its intention to contribute EUR400,000 to the founding of a new stock exchange in the Republic of Moldova, in a project coordinated with the Public Property Agency of Chisinau and other institutional investors.