Cement and prefabricated producer Holcim Romania has announced the acquisition of General Beton Romania, a leading local concrete producer and trader, as the transaction received the approval of the competition authority.According to a press statement by the company released on Friday, with the acquisition of General Beton Romania, the network of Holcim Romania concrete plants reaches 27, located in the counties of Arad, Constanta, Iasi, Brasov, Cluj, Craiova, Oradea, Ploiesti, Satu-Mare, Sibiu, Targu-Mures, Timis, and in Bucharest City.General Beton Romania SRL is a leading local concrete maker and trader, with experience and expertise of over 24 years in Romania. The company currently has eight concrete plants in main cities. In 2021, the company reported a turnover of about 33 million euros and a workforce of 160 employees.The Holcim Romania group of companies includes Holcim Romania (two cement plants in Campulung and Alesd, a grinding station, 27 concrete stations, three aggregate stations, two special binder stations and three cement terminals), Somaco Grup Prefabricate (five prefabricated factories and one BCA factory ) and Geocycle Romania (three outlets for waste pre-treatment).The company has about 1,700 employees in all.
The Electoral Bureau (BEC) in Romania ruled that the reformist party USR can not support other presidential candidate than the one registered initially at the beginning of the campaign, thus preventing the party from backing Bucharest mayor Nicușor Dan – as the party decided last week. The Electoral Bureau recalled that the withdrawal of candidacy...
The latest electoral poll on the May presidential elections in Romania confirms the leading position of far-right candidate and AUR leader George Simion (26% of the options expressed by those polled), followed closely by the ruling coalition’s candidate Crin Antonescu (23%). The independent candidate Nicusor Dan, the current mayor of Bucharest, comes in third place […]
The Romanian mergers and acquisitions (M&A) market recorded 51 transactions in the first quarter of the year, with an estimated combined value of USD 1 billion, reflecting a 25% decrease in the number of transactions and 29% in value compared to Q4 2024, according to an EY analysis quoted by Ziarul Financiar. ...
Over 13,200 houses and apartments were sold in Bucharest and its surroundings in the first three months of the year, down 4.3% compared to the same period in 2024, reveals an analysis by the real estate consulting company SVN Romania based on statistics from the National Agency for Cadastre and Real Estate Advertising (ANCPI). Over […]
The feasibility study regarding the Bucharest-South Airport is underway and will most likely be completed by the end of next year, according to Daniel Băluță, the mayor of Bucharest's District 4, quoted by Profit.ro. He previously indicated that the...
Romania’s current account (CA) deficit surged 2.7 times to EUR 3.18 billion in February, and the deficit in 12 months to February rose by 43% y/y to EUR 31.8 billion, according to data published by the National Bank of Romania (BNR). Driven by robust private consumption and a wide public deficit, the country’s external deficit […]
