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.
The Arts Hour on Tour, the BBC World Service arts and culture program that visits cities all over the world, will be in Bucharest next week to record a show on topics relating to the cultural life in the city and Romania. Television and radio broadcaster Nikki Bedi, who curates, writes, and presents the program, […]
Romanian prime minister Marcel Ciolacu recently stated during an interview that foreign minister Emil Hureaznu will be replaced if he continues to send messages to private individuals, such as those addressed to Elon Musk, without consulting him. The warning comes after Emil Hurezeanu stated on Saturday, February 22, that Elon Musk’s support for Călin Georgescu […]
Romanian state-controlled gas producer Romgaz (BVB: SNG) reported a net profit of RON 3.22 bln (EUR 647 mln) in 2024, up 14.5% compared with the previous year. The company’s revenues went down by 11.9% to RON 7.93 bln (EUR 1.6 bln) because of lower...
The Romanian Parliament rejected the no-confidence motion initiated by far-right parties AUR, SOS Romania, and POT against the government led by Social Democrat prime minister Marcel Ciolacu. The motion received 147 votes in favor and one against during the lawmakers' meeting on Friday, February 28 - a figure lower than the 155 signatures with which […]
Nuclearelectrica (BVB: SNN), the company that operates Romania’s only nuclear power plant – Cernavoda, reported a net profit of RON 1.7 bln (EUR 343 mln) in 2024, down 31% compared with the previous year. The company recorded 37.6% lower revenues from electricity sales due to lower average...
In his first press conference since becoming interim president, held on Friday, February 28, Ilie Bolojan said that discussing peacekeeping troops in Ukraine is premature, since no peace agreement was reached. He also discussed increasing Romania’s defense spending, the relationship with the United States, and the reconstruction of Ukraine. The press conference was organised after Ilie […]
