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.
Ten non-governmental organizations in Romania have issued a joint letter criticizing the executive for the emergency ordinance adopted on Thursday, January 16, which provides sanctions, including a turnover tax, for social media giants that fail to obey rules regarding electoral ads. Another government measure under fire from the opposition limits voting in the diaspora according […]
Dacia, part of the French Renault group, will launch several electric models to compete with Chinese brands for the affordable EV car market in Europe. The first electric model will be the next Sandero, which will appear sometime at the end of 2027, the brand's director, Denis Le Vot, said on Thursday, according to Reuters. […]
Happy 2025, dear Insiders, may it be a good year! And let it start with classics, some universal, some underground. Italian director Federico Fellini is one of the biggest names in the history of the medium. To say he was very influential is an understatement. He has his own adjective (Fellini-esque) while scenes from his […]
Romanian national airline Tarom announced the establishment of a new company, Tarom Tehnic, dedicated to providing maintenance and repair services for civilian aircraft, specializing in Boeing, Airbus, and ATR models. The new company is expected to generate revenues of up to EUR 10 million in its first year of operation, according to estimates from the […]
Romania has been named the special guest country at the 2026 Cairo International Book Fair, the Ministry of Culture announced. The event will coincide with the celebration of 120 years of Romanian-Egyptian diplomatic relations. According to the ministry, the news was shared by Dr. Ahmed Fouad Hano, Egypt's minister of culture, during a press conference […]
Bucharest has started implementing a special recycling project that directly benefits stray animals. In Tineretului, Floreasca, and Circului parks, eco-friendly vending machines have been installed to provide food and water for stray cats in exchange for recycling bottles and aluminum cans. “Street cats lead a hard life, especially in winter. Food is essential for their […]
