The IT, manufacturing & industry, and medical & pharma sectors have been the primary drivers of office leasing in Romania over the past five years, accounting for more than half of new office space demand, according to data from Cushman & Wakefield Echinox. Between 2020 and 2024, the net take-up of office spaces in Bucharest and major regional cities (Cluj-Napoca, Timișoara, Iași,
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Romania’s mergers and acquisitions (M&A) market recorded one of its strongest performances in the past five years in 2024, according to an analysis by Deloitte Romania. A total of 151 transactions exceeding €5 million were registered, with an estimated total value between €5.7 and €6.1 billion—or €5.2 billion excluding the landmark PPC-Evryo Group renewable energy deal. This marks a near return to
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Romanian construction materials holding company ROCA Industry continues its strategic expansion in the Republic of Moldova, investing over €6.5 million to enhance regional production capacity and operational efficiency. The holding company is already well-established in Moldova, owning local fiberglass mesh producers Terra Impex and Europlas Lux. In 2022, ROCA acquired Terra Impex and a 55% stake in Europlas Lux through its subsidiary
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Romania’s sole oil and gas producer OMV Petrom has commenced construction of a sustainable aviation fuel (SAF) and renewable diesel (HVO) production unit at its Petrobrazi refinery, near Ploiesti City, about 60 km from Bucharest. The project involves a total investment of €750M, with €560M dedicated to the SAF/HVO unit and €190M for two green hydrogen production facilities. The new unit will
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Dutch multinational dairy cooperative FrieslandCampina, the owner of Napolact, one of Romania’s strongest dairy brands, is reportedly looking to sell its local operations, according to sources cited by Ziarul Financiar. The news first surfaced on the Bizlawyer platform. According to market sources, if the deal goes through, its value is estimated at EUR 60-70 million. Among the companies interested in acquiring FrieslandCampina’s
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Bucharest-listed One United Properties, Romania’s leading green real estate developer, reported €227.8 million in total sales and pre-sales for 2024, covering 83,958 sqm of residential and commercial space. The company sold 850 apartments and commercial units, along with 1,270 parking spaces and other unit types. As of December 31, 2024, the developer had 4,041 residential units, 22,000 sqm of office spaces, and
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Anglo-Dutch food and consumer products group Unilever is closing its ice cream factory in Veliko Tarnovo, Bulgaria and is moving part of production to Romania, Economica reported. The ice cream factory in the Bulgarian city will cease operations on April 30, 2025 with warehouses remaining operational until August 2025, according to Capital. Unilever did not provide specific reasons for the closure. Sources
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Romanian footballer Ianis Hagi, 26, known for his skill on the field, is making a significant play in the real estate market. The Rangers star has invested in the MyPlace North project, a luxury residential development located in Bucharest. MyPlace North said in a post on Instagram: “Ianis Hagi paid us a visit to MyPlace North to inspect the land on which
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Bulgarian venture capital firm Invenio Partners and Warsaw-based Accession Capital Partners (ACP) have acquired a majority stake in Romania’s largest branded coffee chain 5 To Go, as part of its international expansion. The value-focused coffee brand founded in 2015 by Radu Savopol and Lucian Badila started with a small coffee shop out of a garage in the old centre of Bucharest. By
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Bucharest-listed TeraPlast Group, the largest polymer processor in Southeast Europe, continues its geographical expansion in Europe and acquires the assets for PVC and PE pipes production held by Wavin Hungary (Orbia’s Building and Infrastructure business). The acquisition will be made by Polytech Kft, a subsidiary of TeraPlast. This transaction aligns with Orbia B&I’s strategic decision to streamline its operations on the Hungarian
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