Law firm Nestor Nestor Diculescu Kingston Petersen (NNDKP) has assisted International Game Technology PLC (IGT), one of the world’s leaders in the gaming industry, throughout a multijurisdictional transaction regarding the acquisition of iSoftBet, an online game supplier and content aggregator.
The number of real estate deals in Romania stood at 58,386 in August 2022, 1,076 more than in July 2022, data from the national cadaster agency ANCPI showed on Thursday (Sept 8).
Romania’s economy is likely to growth almost 4.5 times in the next 40 years, said the representatives of the Foreign Investors Council (FIC) at an event organized by the council. The process can be stepped up, though.
Bistrita-based automotive industry wiring producer Leoni Wiring Systems Ro, part of Germany’s group Leoni, currently has 424 jobs available at its plant of Beius.
Fressnapf, Europe’s leading company on the pet food and accessories market, has opened one of its first stores in Romania, in Bucharest in Drumul Taberelor shopping center. The company plans to open, by end-2022, another 14 stores countrywide and on the long term it sees the potential of opening 100 stores in Romania.
Investment fund Enterprise Investors, which sold Romanian group Noriel this July to Turkey’s Sunman Group, will continue to invest on the local market as it was one of the most dynamic funds locally a decade ago, and total investments carried out in Romanian companies have reached EUR200 million so far.
Romanian wine producer Crama Liliac, owned by amb Wine Company, expects turnover to rise 10% this year, after 2021 was the best year for the company, bringing EUR1.7 million turnover, said Miron Radic, Crama Liliac CEO.
The Marmorosch Bucharest, Autograph Collection Hotel included in the portfolio of Lithuania’s Apex Alliance Group, recorded an average occupancy rate of over 50% in its first year of activity, as per data released by company officials on Wednesday.
Over the last five years, the share of online sales in Central and Eastern Europe (CEE) grew by nine pp to 15%, and in four years’ time is bound to amount to 20% – according to forecasts by real estate consulting firm CBRE.
European consumer confidence has collapsed. It has now fallen below the level recorded during the pandemic (-24.7 points in April 2020) and well below the level during the 2009 crisis (-21.1 points).
La Fantana, a local supplier of bottled water for water coolers to companies, held by Swedish investment fund Oresa Ventures and Romanian entrepreneur Cristian Amza, said it invested EUR2 million in an automated bottling line within the plant at Talmaciu (Sibiu County).
Transportation company BlackCab has expanded into the Romanian north-eastern city of Iasi since Monday (Sept 5) and plans to tap into the markets of the cities of Brasov, Sibiu and Craiova until the end of 2022.
Raiffeisen Bank is launching factory GROW, a personalized business scaling model based on which entrepreneurs (small and medium-sized enterprises- SMEs) may obtain loans up to EUR500,000 in order to develop their businesses on other markets, expand their business model and innovate, the lender said on Wednesday (Sept 7).
Low-cost airline Wizz Air on Wednesday (Sept 7) said it would add five aircrafts to its base in capital city Bucharest and increase the operational capacity on four other airports, in Bacau, Cluj-Napoca, Iasi and Sibiu, respectively.
The European Commission and the European Investment Bank (EIB) have signed the agreement on the Public Sector Loan Facility, the third pillar of the Just Transition Mechanism. The facility will finance public investments in the regions most affected by Europe’s transition to a climate-neutral economy.
Romania’s statistics board INS has reconfirmed the country’s economic growth at 5.8% both in unadjusted data and in seasonally adjusted data for the first half of 2022 as compared with the same period in 2021, in line with provisional (1) estimates released on Wednesday (September 7).
Elian Solutions, part of Bittnet group, a provider of ERP business solutions, doubled its revenues in the first half of this year, to RON5.49 million, ending the year half with RON859,000 gross profit.
Radauti-based home appliances wholesaler Marelvi, controlled by local entrepreneur family Mihalescul, for 2021 reported turnover worth RON398.9 million (EUR81 million), up around 9% on the year, in line with ZF calculations based on Finance Ministry data.