The mergers and acquisitions (M&A) market in Romania recorded 198 transactions in the first nine months of 2024, marking an increase of 8.2% compared to the same period last year (183 transactions), according to an EY release.The estimated value of the transactions increased by 22.3%, reaching 5.2 billion US dollars, compared to 4.2 billion US dollars in the similar period of 2023, being largely supported by the robust activity in the Energy and Utilities sector.According to EY, M&A activity in Romania continues to benefit from positive factors, such as strong GDP growth, higher real disposable incomes that stimulate private consumption, lower inflation and significant EU-funded investments in public infrastructure.The first five most active sectors according to the volume of transactions in the first nine months of the year were Real Estate, Hospitality & Construction (35 transactions), historically one of the top sectors, Energy and Utilities (32 transactions), Consumer Products & Retail (28 transactions), Technology (19 transactions), followed by the Health sector, with 16 transactions. The Energy and Utilities sector recorded the highest number of transactions for this period from 2018 onwards, doubling (+113%) compared to the first nine months of 2023. This further underlines Romania's strong position as an attractive investment destination in renewable energy, the quoted source mentions.Regarding the country of origin, the most active investors were from the USA (15 transactions), which maintained its position as the top investor, followed by Austria (10 transactions), Germany (9 transactions), France (7 transactions) ), Poland and the Netherlands, each registering 6 transactions.
Six men and one woman from Romania have been accused of recruiting dozens of children and adults from foster care centers, whom they then transported to Hungary, where they turned them into slaves, forcing them to work under inhumane conditions. The accused are from the localities of Ozun and Chilieni, Covasna County, Romania, and allegedly […]
The Museum of Collectivization, the first in Romania dedicated to the forced collectivization period of the communist era, is set to open a new wing, Corp B, funded through the EU-backed National Recovery and Resilience Plan (PNRR) and co-financed by the National Cultural Fund Administration (AFCN). With the new building, the museum located in Tămășeni, […]
Romania’s “Madrigal – Marin Constantin” National Chamber Choir, conducted by Anna Ungureanu, will be in Luxembourg and Belgium, as part of the “Bridges Across Europe/Punți peste Europa” European tour, where it will perform five extraordinary concerts. The performances will take place between November 20 and 25, with the help of the Ministry of Culture, the Romanian Embassy […]
The European Development Bank approved a EUR 140 million loan for Romania’s “Cultural Foundations” project, aimed at preserving historical monuments and constructing cultural buildings in the country. The project targets 14 investment objectives of national and European relevance, administered by public institutions under the Ministry of Culture, including the Romanian Athenaeum, the Romanian National Operas […]
Bucharest, November 14, 2024 – Exim Banca Romaneasca offers clients the possibility to verify the true identity of the beneficiary when initiating a payment in RON through internet or mobile banking. This is enabled by the bank’s adoption of the Beneficiary Name Display Service (SANB), which helps prevent fraud and reduces erroneous transactions caused by […]
Fifty NGOs and civic groups, along with the Bucharest Environmental Platform, have drawn up an open letter calling on Romania’s Ministry of Environment, Waters, and Forests to urgently approve the Management Plan for the Văcărești Natural Park in Bucharest. They say the plan has been pending approval for nearly a year. The non-profits noted that […]
