Romania’s Competition Council has approved a transaction whereby Polisano Pharma SRL pharmacies, held by Daniela Ioana Vonica and Valentina Bîrsan, were acquired in August 2022 by Marcos Provit, part of Evofarm group, which operates in pharmaceuticals retail and wholesale.
Online furniture and home decor retailer Vivre Deco, which has two bond issues listed on the Bucharest Stock Exchange, VIV25E and VIV26E, respectively, announced in a stock market report on Monday (Nov 7) that it submitted to the Bucharest court the restructuring plan within the agreement with creditors procedure.
Romania’s largest online retailer eMAG expects sales to reach RON639 million on this year’s Black Friday, which is set for November 11 and intended to be its biggest ever. The company actually introduced Black Friday in Romania 12 years ago.
The European Fund for Southeast Europe (EFSE), an impact investment fund focusing on fostering economic prosperity in Southeast Europe and the Eastern Neighborhood Region, has granted a EUR7 million Basel III-compliant Tier 2 Capital subordinated loan to Patria Bank.
Almost half of companies worldwide (47%) expect a significant increase in their group’s global effective tax rate, because of the implementation of the two-pillar global tax reform coordinated by the Organization for Economic Co-operation and Development (OECD), according to the Deloitte 2022 Global Tax Survey: Beyond BEPS (Base Erosion and Profit Shifting).
The number of real estate deals in Romania stood at 59,927 in October 2022, 2,127 fewer than in September 2022, data from the national cadaster agency ANCPI showed on Monday (Nov 7).
Romania’s Financial Supervisory Authority (ASF) has licensed the first crowdfunding platform locally, SeedBlink, with the firm managing the Seedblink Crowd website being authorized as a provider of participative financing services after the coming into effect of the law regulating this field, in August 2022.
Vertiv Romania, a provider of critical digital infrastructure solutions and IT support services, seeks to recruit over 20 IT specialists for various roles.
Bacau-based Barleta plant, producing paper bags and sacks for major supermarket chains, pharmacy networks or bakery makers, has finalized the EUR5 million investment meant to boost its production capacity and warehouse.
Ignite Logistic, a freight carrier of Sibiu, founded in 2014 by entrepreneurs Ioan Stroia and Remus Deac, expects to end 2022 with RON46 million turnover, from RON40 million in 2021, below the projected level.
Nine important hotels in Eforie Sud and Eforie Nord, as well as other assets on the Romanian seaside, will be auctioned off in the next period, following the decision of Transilvania Investments Alliance (TRANSI.RO) to reposition its portfolio held in the hospitality sector.
The volume of foreign trade between Germany and Romania increased by 17.7% in the first nine months of 2022 as compared to the same period of 2021, up to EUR28.8 billion, according to estimates by officials of the Romanian-German Chamber of Commerce and Industry (AHK Romania), citing the latest data from the Federal Statistical Office (Destatis).
The commitment undertaken by the Foreign Investors Council (FIC) since 2013 to support the Romanian medical system continues through the project “Leaders for Excellence in Healthcare” (LEH), which consists of courses dedicated to the medical personnel from the top management of hospitals in Romania.
A team of consultants specialized in transactions from PwC Romania provided financial and tax due diligence services to Rezolv Energy for the acquisition of a majority stake in West Power Investments, which is developing a 1,044 MW solar park in Arad, from Monsson Group.
Poland’s Scallier, one of the most dynamic investors in small and middle-sized retail parks, is starting the construction of a retail park in the locality of Mosnita Noua, in Romania's western Timis County.
The number of employees in the Romanian business services industry has increased by nearly 30% over the last three years, according to the yearly report of the Association of Business Service Leaders (ABSL) in Romania.
The Romanian real estate market saw a spectacular boom over the last two years during which times the number of jobs and the average wage in the sector have increased.
Lender Banca Comerciala Romana (BCR), controlled by Austria’s Erste Group, posted net profit worth RON1.53 billion (EUR312 million) in the first nine months of 2022, up 34.8% from the same period of 2021.