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.
A Romanian F-16 Fighting Falcon fighter jet deployed as part of NATO’s enhanced air policing mission in the Baltic region shot down a drone in Estonian airspace on Tuesday, May 19, Romania’s Ministry of Defense announced. The interception marks a first for the Romanian Air Force detachment known as the “Carpathian Vipers.” According to the […]
Cluj Business Campus, a real estate and urban workplace experience project developed in Cluj-Napoca, Romania's second-largest city, has entered a new stage of development, with investments of nearly half a million euros allocated for 2026, according to a press release from the institution. The investments are part of a multi-year development calendar and are focused […]
Around 48.6% of respondents in the most recent INSCOP Research survey believe that the no-confidence motion backed by the Social Democratic Party and Alliance for the Union of Romanians, which brought down the Bolojan government on May 5, was a useless act that...
Thirty-five years after the opening of the Șt. O. Iosif bookstore in Brașov, the starting point of Libris, the company is publishing an analysis of the bestselling books of the past decades. From previously banned authors avidly read immediately after 1989 to books about trauma, meaning and healing dominating today’s charts, Libris data reveals how […]
Earlier this week, the Romanian Senate passed a legislative proposal initiated by the far-right Alliance for the Union of Romanians (AUR) under which non-governmental organizations are required to make public all sources of funding and the identity of donors. If the bill is adopted as law, the reports regarding an NGO’s financing would be submitted […]
The National Bank of Romania (BNR) has revised upward its inflation forecast for the end of 2026 to 5.5%, from a previous estimate of 3.9%, according to data presented on Tuesday, May 19, by central bank governor Mugur Isărescu. The institution expects inflation to ease to 2.9% by the end of 2027. Speaking during a […]
