Category: Uncategorized

Romanian shipyard VARD Tulcea, part of the world leading shipbuilder Vard Group owned by Fincantieri, will build a EUR 320 million cable-laying vessel for Prysmian – a Milan-headquartered company specializing in the production of electrical cable for use in the energy and telecom sectors and for optical fibers with manufacturing activities in Romania. This is…

Romanian electricity utility firm Electrica (BVB: EL) convened its shareholders on December 11 to clear the extension of guarantees for a EUR 200 mln credit that its subsidiary handling the distribution network DEER seeks to contract from the European Investment Bank (EIB) for financing its three-year investment plan, according to a note to investors. At…

Dr. Max, one of the largest players in the Romanian pharmaceutical market, has signed a lease agreement for 11,800 square meters in ELI Park Iași, a project in the portfolio of ELI Parks – one of the most active developers in the logistics and industrial market in Romania, according to Ziarul Financiar. The new facility…

Romania’s state-owned freight railway company, CFR Marfă, is set to be liquidated following the completion of its pre-insolvency arrangement next March, according to Ziarul Financiar, which cites officials from the Ministry of Transport.  CFR Marfă, which generated revenues of RON 778 mln (EUR 157 mln) in 2023 but is burdened by debts amounting to RON…

The government of Romania plans to cut the non-interest current expenditures to GDP ratio by 4.1 percentage points (pp) from 30.9% in 2024 to 26.8% in 2031, over the seven-year fiscal consolidation calendar submitted to the European Commission under the Excessive Deficit Procedure (EDP) published by Cursdeguvernare.ro. This is a sizable slash envisaged for the…

The ONV LAW team assisted a Romanian investor in acquiring the full share package of Bluehouse Investiții SRL, which owns the property where the Eva store was located. The transaction was valued at approximately EUR 8 million. The ONV LAW legal team was coordinated by Partner Lorena Ciobanu and supervised by Radu Nemeș, Managing Partner.…

Bright Spaces and Schroders Capital have joined forces to introduce an interactive 3D digital platform designed to streamline property operations and revolutionise leasing experiences at Connect Offices, a muti-use office complex of more than 50.000m² perched above Hoog Catharijne shopping mall in central Utrecht. This partnership will leverage 3D masterplans and customised 3D space planning…

AD/01, the tech studio part of Ahold Delhaize’s brands family, which includes the Mega Image retail chain in the local market, expanded its presence in Romania by inaugurating new offices in Bucharest’s Timpuri Noi Square.  The tech company was launched in April 2024, with the goal of driving advancements in customer experience and operational efficiency…

Sabrina Ionescu, a basketball player of Romanian heritage for the New York Liberty, led her team to victory against the Minnesota Lynx team in Game 5 of the WNBA Finals on Sunday, October 20. The match took place at the Barclays center in Brooklyn, New York, and ended with a 67-62 overtime victory for the…

Roborock, a global leader in intelligent cleaning solutions, showcases the growing impact of technology on everyday life, particularly through the integration of voice assistants, smart applications, and artificial intelligence (AI) in robotic vacuums. These technologies are transforming household tasks, offering greater convenience and efficiency.  One of the most significant innovations in home cleaning is the…