Private equity fund MidEuropa entered an agreement to sell Profi Rom Food, one of the most extensive food retailers in Romania, to Dutch grocery retail company Ahold Delhaize - which also includes the Mega Image chain - for 1.3 billion euros, the fund announced on Monday.Profi's sale to Ahold Delhaize represents the largest deal in the food store segment in continental Europe involving a private equity fund, and also the largest transaction so far in the food segment in Central and Eastern Europe, but is conditional on the approvals from the regulatory bodies and is expected to be completed in 2024.After its acquisition by MidEuropa in 2017, Profi became the most extensive supermarket chain in Romania (by number of stores) and one of the fastest growing retailers on the local market, adding more than 1,100 stores and increasing sales more than 3.3 times.Profi is an important proximity food retailer that runs a network of over 1,650 stores throughout Romania, in over 800 urban and rural locations, supported by six distribution centers. Profi has over 28,000 employees throughout the country and generated revenues of over 2.5 billion euros in the 12-month period ending in June 2023.
Agra Asigurări, the national leader in agricultural insurance, announces record claims in the first 6 months of this year. As of June 20, 2025, more than 3,300 damage notices have been registered due to extreme weather events nationwide, marking an increase of nearly 50% compared to the entire period of 2024. In total, amid the […]
In a significant recognition of Romania's financial market progress, MSCI, one of the major global index providers, has upgraded Romania's capital market classification to an Advanced Frontier Market. The decision follows MSCI's 2025 Global Market Accessibility Review published earlier this month and represents...
From music festivals to cultural happenings and outdoor activities, here are some of the events scheduled to take place in the capital this summer. Tom Jones concert June 26 After a sold-out concert two years ago, Tom Jones returns to Bucharest with an event that is part of the Defy Explanation tour. It will be […]
The "Vară Magică" (Magical Summer) International Festival returns to the Romanian Athenaeum in Bucharest with eight evenings of classical music, taking place from July 2 to August 13 every Wednesday. Now in its 14th edition, the festival continues its artistic direction in 2025 with the theme "Masters and Masterpieces," meant to signal a musical journey […]
The Romanian Chamber of Deputies adopted a draft law establishing the year 2026 as the "Constantin Brâncuși Year” to celebrate the famous sculptor. The law, initiated by former culture minister and Social Democratic deputy Natalia Intotero, passed with a large majority, with 275 votes in favor and one vote against. Next year also marks the […]
Romanian president Nicușor Dan met with UK prime minister Keir Starmer on Wednesday morning, June 25, on the sidelines of the NATO summit in The Hague. The meeting brought together Romania’s full official delegation, including presidential security advisor Cristian Diaconescu, newly appointed foreign minister Oana Țoiu, defence minister Ionuț Moșteanu, and Romania’s permanent representative to […]
