The total value of transactions (M&A - mergers and acquisitions) in Romania in 2021 reached 6.2 billion US dollars (5.2 billion euros), an increase by 32pct against the previous year, which shows the solid confidence of investors in the Romanian business environment and in its post-Covid recovery, especially in the second half of the year, say the representatives of EY Romania.According to the same source, 178 transactions were recorded last year. "Romania's M&A activity saw a strong recovery in 2021 compared to 2020, both in terms of value and number of transactions. Market transparency remains low, with the value of transactions being announced for only about a third of them," the same press release reads."Romania remains an attractive investment destination for foreigners, with capital inflows accounting for 41pct of total transactions. The most active foreign investors came from the US (11 transactions), Germany, France and Switzerland (5 transactions each), followed by those from the UK (4 transactions), Italy and Poland (3 transactions each). Romanian investments abroad remain modest, representing only 5pct of activity, a basically unchanged level compared to 2020 in terms of the number of transactions."According to EY Romania, the three main transactions of 2021 were: the acquisition of ExxonMobil's 50pct stake in the Neptune Deep offshore project by Romgaz, with 1.07 billion US dollars, the acquisition of the remaining 46pct stake in Globalworth Real Estate Investments Ltd, a real estate investment company based in Romania and listed on the London Stock Exchange by a consortium of companies in Luxembourg (CPI Property Group - Aroundtown), for a price of approximately 844 million US dollars and the acquisition of the Romanian gambling operator MaxBet by the British private equity fund Novaplina Capital, for 296 million US dollars.But the year 2021 was not only a solid year for the M&A activity, it also marked a record in terms of listings of equity securities and bonds. Corporate bonds took the lion's share of listings, with a total of 29 new issues totaling 1.1 billion US dollars.Present in Romania since 1992, EY has over 800 employees in Romania and the Republic of Moldova provides integrated audit services, tax, legal, strategy and transaction assistance, consulting to multinational and local companies.
The American Independent Film Festival (AIFF) returns for its 8th edition in Romania next month, showcasing films from June 7 to 13 in Bucharest and, for the first time this year, in the magical setting of Bran Castle on June 7 and 8. For the first time in the festival's history and that of the famous Bran […]
Romanian president Klaus Iohannis recently approved a law stipulating that persons with disabilities will have unrestricted access to public transportation, shops, and other spaces with guide dogs. The law, initiated by deputy Oana Țoiu and senator Silvia Dinică, was adopted by Parliament in mid-April. "From now on, people with disabilities can be accompanied by guide […]
Voxa, the leader among audiobook and e-book streaming applications in Romania, has embarked on an international journey by extending its operations in Italy. Starting on May 15, the service will be available to Italian listeners with a library of over 100,000 titles in Italian and English. By the end of the year, Voxa plans to […]
Premier Restaurants Romania, the operator of local McDonald's restaurants, said it plans to open seven new locations in 2024. At the same time, it will continue the modernization and digitization projects of existing restaurants. In 2023, Premier Restaurants opened six restaurants in Bucharest, Botoșani, Drobeta-Turnu Severin, Craiova, Pitesti, and Dumbrăvița and continued remodeling and digitization […]
Last year, internet users in Romania registered an average download speed of 587 Mbps for fixed cable internet, an increase of approximately 10% compared to 2022, and an average upload speed of 548 Mbps, an increase of 20%, according to statistics compiled by ANCOM based on tests conducted on the Netograf platform. There was also […]
Bucharest hosts the 12th edition of the Global Forum on Modern Direct Democracy this week, from May 15 to 18. The event features dozens of electoral debates and sessions on multiple topics related to the level of trust in democracy, attracting participants from around the world. The Global Forum on Modern Direct Democracy is a […]
