05.21.2024

BRD Finance, the consumer finance unit of BRD-SocGen, the fourth largest bank in Romania by assets, is to exit the local financial landscape after two decades in business and is in the process of more

04.12.2024

ROCA X Venture Capital in the first quarter of 2024 exited the shareholding structure of CODA Intelligence, a Romanian startup specialized in cybersecurity solutions that has been taken over by US more

01.22.2024

World’s largest mobile virtual network operator (MVNO) Lyca Mobile, based in the UK, shut down its operations in Romania at the end of last year, eight years after launch, blaming an increase in more

01.11.2024

Lithuania’s Spark, a car-sharing service that allows people to rent electric cars via a mobile application, has informed its users in Romania via an in-app notification about plans to shut down the more

02.06.2023

Electrocentrale Bucuresti SA (ELCEN), Bucharest’s main heat supplier, has announced the Bucharest Tribunal decided to close insolvency proceedings and reintroduce ELCEN in the economic circuit. more

02.02.2023

Industrial material manufacturer Comelf Bistrita (CMF.RO) has notified the Bucharest Stock Exchange that SIF Banat-Crisana (SIF1.RO) is no longer a shareholder in the company as of the end of January. more

12.19.2022

BRD Pensii, which manages the Pillar II fund with the lowest net asset unit value since its launch in 2008, of RON23.49 vs RON10 in 2008, is contemplating several scenarios with regard with its exit more

09.14.2022

Polish investment fund Innova Capital and the European Bank for Reconstruction and Development (EBRD) sold the 25% stake they still owned in EnergoBit, a Romanian holding company providing end-to-end more

06.28.2022

French fashion brand Orsay has shut down all its physical stores in Romania, together with the online one, with part of the company’s products being now available on the online platform aboutou. more

06.10.2022

SIF Oltenia (SIF5.RO), as a shareholder holding 4,364,430 shares or 3.270% of Romania’s export and import bank EximBank, on Thursday expressed its intention to withdraw from the status of more

05.10.2022

Amsterdam-based food-delivery group Just Eat Takeaway, which operates food ordering and delivery platform takeaway.com, announced on Tuesday (May 10) that it decided to discontinue operations in more

04.26.2022

Gucci boutique of Bucharest has been shut down “in glory” after turnover neared RON21 million in 2021, slightly up from RON20.7 million in 2020. This is the best result since opening. more

01.03.2022

Telecommunications operator Digi Communications (DIGI.RO) on Monday evening announced completion of the sale of operations in Hungary for EUR625 million. more

09.22.2021

Uniqa Asigurari is getting ready to leave the auto liability insurance (RCA) market and has filed a request to have its license for that revoked to the relevant authorities, Valentin Coroiu, Uniqa more

03.09.2021

Veterinary services provider PawSquad, founded in 2015 by serial entrepreneurs Diwaker Singh and Radu Georgescu, has been acquired by IVC Evidensia, Europe’s leading veterinary care provider based more

10.14.2020

Ride-hailing service Yango, owned by Russia's Yandex, will halt operations on the Romanian market after less than a year and a half since entering the market. more

10.07.2020

Pharmaceutical giant GlaxoSmithKline, which has been operating in Romania for almost 30 years now, has decided to close its pharmaceutical representative office in the country. more

05.04.2020

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02.04.2020

Ioannis Papalekas, CEO and founder of Globalworth, has sold all his shares in this business to Czech investor Radovan Vitek and Dimitris Raptis, deputy CEO, sold 40% of his stake, while the more

01.16.2020

The most important international brands worldwide are already present in Romania where they get tens, hundreds of millions or even billions of euros in revenue, and many economy sectors are dominated more

09.20.2019

Private equity firms got EUR90 million from the exits from Romania in 2018, where they sold four companies, which means an average of EUR22.5 million per deal, ZF has calculated based on the data in more

06.20.2019

Greek group OTE, the main shareholder of Telekom Romania, decided in April to inject EUR800 million to the share capital of the mobile telephony division, the former Cosmote Romania, by issuing new more

11.26.2018

Hungarian real estate development group Futureal has sold its stake in ParkLake shopping center in Bucharest for EUR19 million, the company announced Monday. more

10.02.2018

Private equity firms collected EUR133 million for the companies in Romania they sold last year, which is the highest amount in four years and double the 2014 and 2015 levels. more

08.13.2018

The Pizza Dominium pizza restaurant chain held by a Polish group by the same name has left the Romanian market after having closed all its restaurants in this country, former CEO of the company Daniel more