Immofinanz AG Takeover of Immo Gets Antitrust Clearance
09.20.2018
Romania’s Competition Council has cleared the deal whereby Immofinanz AG acquires real estate company S Immo AG and the five companies it owns, the antitrust body said Thursday.
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Italy’s Epta Buys Majority Stake In DAAS 10.15.2018
Italian manufacturer and retailer of commercial refrigeration equipment Epta group has acquired the majority stake in Romanian-held DAAS in a deal... more
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McDonald’s Reaches 73 Restaurants in Romania After RON2.6M Investment In New Unit In Timisoara 10.12.2018
Fast-food restaurant chain McDonald’s Romania, the biggest player on the local restaurant market, held by Malta’s Premier Capital, has opened... more
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Fitch Affirms Romania’s Transelectrica at 'BBB'; Outlook Stable 10.12.2018
Fitch Ratings has affirmed Romanian state-run power grid operator Transelectrica's long-term issuer default rating (IDR) at 'BBB' with a stable... more
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Two Romanian IT Firms Make It Into 2018 Deloitte Technology Fast 50 Ranking For CEE 10.12.2018
Romanian companies Trencadis and Mondly made it into this year’s Deloitte Technology Fast 50 ranking for Central and Eastern Europe (CEE), being... more
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Liberty Group Buys ArcelorMittal Galati 10.12.2018
British-owned Liberty Group, part of Sanjeev Gupta’s global GFG Alliance, on Friday announced a conditional agreement to buy four European steel... more
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Unilever Agrees To Reduce Traditional Retail Presence To Get Betty Ice Takeover Greenlighted 10.12.2018
Unilever has agreed to reduce presence of ice cream brands in local traditional retail stores to get the greenlight from Romania’s competition... more
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Timisoara-Arad Area Can Become A Regional Hub And Attract People From Other Countries 10.12.2018
Timisoara-Arad area stands all the chances of becoming a regional economic hub and may attract people from both other regions of Romania and from... more
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IKEA Sales In Romania Up 10.6%, To RON609M, In 2018 Financial Year 10.11.2018
Swedish furniture and decoration retailer Ikea on Thursday reported 10.6% higher sales in Romania, to RON609.34 million, VAT not included, in 2018... more
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Ursus Acquires 20,000 Sqm Space In Industrial Park In Buzau 10.11.2018
Brewing company Ursus has acquired a 20,000-square meter space within industrial park WDP located in Buzau. The transaction was brokered by... more
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Bacau-Based Arena Mall To Be Extended, Modernized In EUR20M Investment 10.11.2018
Bacau-based shopping center Arena Mall will undergo extension and modernization works, within an investment of nearly EUR20 million. The leasable... more
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Black Sea Trade and Development Bank, Garanti Bank Grant $25M Loan To Alum Tulcea 10.11.2018
Black Sea Trade and Development Bank (BSTDB) and Garanti Bank Romania jointly grant a financing of $25 million to aluminum producer Alum Tulcea. more
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Sanador Opens Oncology Center In Bucharest In EUR20M Investment 10.11.2018
Sanador, one of the largest players on the Romanian private medical services market, has completed an investment of nearly EUR20 million in an... more
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Electrogrup Announces Public Offering On Bucharest Stock Market 10.11.2018
Electrogrup Infrastructure, a company held by Teofil and Simion Muresan brothers and by Marian Pantazescu, specializing in constructions for the... more
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Romsilva Manages 100 Lodges That Generate A Mere RON2.5M Revenue A Year 10.11.2018
The public corporation managing Romania’s forests, Romsilva, operates more than 100 forest lodges, which generated 2.5 million lei (EUR536,000)... more
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CTP Delivered Over 130,000 Sqm Of Logistics Space In Industrial Parks In 1H/2018 10.10.2018
CTP, the largest developer and administrator of premium industrial and logistics parks in Romania and Central and Eastern Europe (CEE), completed... more
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C&W: Monthly Occupancy Cost In Bucharest Modern Office Buildings From EUR175 To EUR500/Employee 10.10.2018
Companies in Bucharest with offices in modern office buildings have a monthly occupancy cost of EUR175 to EUR500 per employee, according to an... more
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Bucharest Office, Electronic Arts’ Third Largest 10.10.2018
The Bucharest office of Electronic Arts (EA) is its third largest, after the California and Canada offices and employs 1,500 people. more
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Zizin Mineral Water Bottler Seeks To Buy Plot For New Plant 10.10.2018
Apemin Zizin, a top ten player in the natural mineral water sector, wants to buy a 13,000 square meter plot in Tarlungeni commune (Brasov County,... more
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Meli Melo Reaches 60 Stores On Four Markets, Bets On Franchising 10.10.2018
Meli Melo store chain launched by a group of French entrepreneurs on the Romanian market 25 years ago has grown to 60 stores on four markets and... more
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Survey: Romania, One Of Eastern European Countries With Lowest Number Of Bills Paid On Time 10.09.2018
Romanians’ payment behavior remained unchanged in 2018 compared with 2017, regarding the prompt payment of invoices, with 74% of invoices being... more
Lender ING Bank Romania on Tuesday reported a net profit of RON345 million for the first half of 2018, on higher revenues and lower
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Hotels, pensions, lodges and motels in Bucharest and in the Constanta and Brasov counties posted more than 2.5 billion lei (EUR538
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Romania’s game development industry is dominated by multinationals and the four largest such companies in the country by revenue in
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Sales of durable goods on the Romanian market rose 11.8% in April-June 2018, to EUR700 million, mostly backed by the telecom segment,
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The 20 largest companies that went insolvent in the first half of 2018 posted 1.5 billion lei (EUR324 million) revenue and had about
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The investment volume in the first half of 2018 amounted to around EUR386 million in Romania, down 27% from the same period of the
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The Bucharest Stock Exchange increases the maximum number of companies in its BET index and its total return version BET-TR from 15 to
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C&W Echinox: Romania's Real Estate Market Attracted EUR386M Investments in 1H/2018
The investment volume in the first half of 2018 amounted to around EUR386 million in Romania, down 27% from the same period of the previous year, when the investment market reached a value of EUR530 million, according to Cushman & Wakefield Echinox calculations and estimates.
