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.
In the absence of current negative influences, Romania’s economy could have an annual growth potential of 3-4%. Political instability and global geopolitical risks are dampening growth. Economic growth in 2024 was driven by wage increases and accelerating consumption, satisfied however largely through imports. Due to a decline in domestic economic competitiveness, net exports contributed negatively […]
The Bucharest Stock Exchange (BVB) announced on Thursday, March 13, the launch of a new financial education section on the BVB Research Hub platform, dedicated to retail investors. The capital market operator said that it started this project out of the need to increase the level of financial education and promote the investment culture. It […]
The Romanian governing coalition's presidential candidate, Crin Antonescu, announced on Thursday, March 13, that he is launching a podcast designed to popularize his candidacy before the May elections. Antonescu, who is backed by the alliance made up of the Liberals (PNL), Social Democrats (PSD), the Democratic Alliance of Hungarians (UDMR), and the minorities, stated that he will […]
Some 4,500 teachers will learn about rights and responsibilities online, accessibility, inclusion, online well-being, and ethics as part of Incubatorul Civic Digital (ICD - The Civic Digital Incubator), a digital citizenship and democratic culture project implemented by Institutul Intercultural Timișoara, Asociația TechSoup and Școala de Valori. The project, which offers free training, is aimed at […]
Mihaela Murariu, Attorney at Law at Grecu Partners Business Law Firm, analyzes the impact of Artificial Intelligence on personal data protection. Artificial intelligence (AI) has become a ubiquitous technology, used in more and more fields, from marketing and healthcare to recruitment and financial services. However, the widespread use of AI raises numerous questions about privacy […]
Starting next week, the gardens and interior of the presidential Cotroceni Palace in Bucharest will be open to visitors every weekend, from Friday to Sunday. Interim president Ilie Bolojan announced the initiative, emphasizing it as a gesture of respect and openness from the Presidential Administration. “Every weekend, from Friday to Sunday, this entire area, including […]
