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.
President Nicușor Dan has nominated Senate president Ilie Bolojan, a leader of the National Liberal Party (PNL) and former interim president, for the prime minister seat. Dan said Bolojan is “the best person to carry out the needed adjustments in the state administration.” He pointed to Bolojan’s track record with reducing spending, and said he has […]
Balkanik Festival – Home of World Music, set to take place at Uranus Garden between September 5 and September 7, lines up this year artists who "celebrate that form of joy that does not ignore reality, but faces it with beauty, energy, and solidarity," the organizers said. The artists performing in September in Bucharest will […]
The mayor of Timișoara, Dominic Fritz, announced on Friday, June 20, that two new bridges over the Bega River will be built in the city. The bridges will be financed with EU-backed funds worth over RON 130 million. The bridges in question are the Solventul Bridge, which will connect Gării Street to Dâmbovița Boulevard and […]
A Sarmatian necropolis nearly 2,000 years old was discovered after archaeological excavations were carried out at the Mehala II site in the municipality of Timișoara, in western Romania. Researchers discovered 15 inhumation graves, most arranged in rectangular pits with rounded corners, although some no longer retain their original outline, having been disturbed by the passage […]
The George Enescu Philharmonic Orchestra will deliver on June 26 a concert marking Romania Day at the Osaka World Expo. Additionally, the Bucharest-based orchestra will present a series of other concerts and recitals, both within the Romanian Pavilion and outside, at Toyonara Hall in Osaka. The George Enescu Philharmonic Orchestra's concerts will be conducted by […]
Sphera Franchise Group, the largest food service group in Romania, has opened its first Cioccolatitaliani store in the seaside resort of Riccione, in Italy’s Rimini tourist area. This marks the official launch of Sphera Group’s development plan for the premium Italian brand of coffee, gelato, and pastry. Under the plan, it will open four locations […]
