In 2016, Romania recorded one of the highest economic growths in the European Union, due to fiscal relaxation measures, which boosted the trade and transport sector by 11% compared to the previous year, according to the Garanti Bank report. The GDP growth was also boosted by the services sector, which rose by 6% in 2016, and in particular by the IT sector, which grew by 14% last year compared to 2015.
According to the European Commission, Romania will continue to be the most dynamic market in the region also in 2017 and 2018.
What is going on in Romania these days? Some of the most recent developments in Romania include:
Romanian tech startup UiPath, which specializes in Robotic Process Automation (RPA), has raised a USD 30 million Series A financing from Accel Parners, one of the biggest venture capital funds in the world.
Car producer Dacia - part of Renault Group - , the biggest company in Romania based on revenues, reached a turnover of EUR 4.6 billion, up 8.3% compared to the previous year. The operating profit increased by 15%.
Romanian telecom group Digi launches biggest private IPO in Bucharest Stock Exchange history
Romania’s smartphone market is expected to exceed 4.4 mln units this year
Credit insurance and debt collection company Coface Romania opened an IT development center in Bucharest at the beginning of April. The center employs 80 people.
TMD Friction, which produces braking systems for Dacia and owns a factory in Caransebes, Caras-Severin county, acquired three plots with a total area of 25,000 sqm from the local city hall to expand its activity.
Logistics and auto transport company Hödlmayr Romania,active both on the domestic market and internationally, has posted in 2016 a turnover of EUR 36 million, representing a 10% year-on-year increase.
Autoliv Romania, one of the largest employers in the local car parts industry, part of the Swedish group, with 11,000 people, will open an engineering center in Iasi in the second half of this year. Autoliv estimates that the center will hire over 200 engineers in the next three years.
The private healthcare network Regina Maria launched a new laboratory in Bucharest fitted with equipments that required a EUR 3.5 million investment. The Central laboratory is the first reference center Roche Diagnostic for biochemistry and immunology.
According to the Romanian Minister of Transports, infrastructure projects that will be launched this year for tenders in the transport sector are totalling around EUR 5bn from EU funds.
According to the Romanian Minister for the Business Environment, Commerce and Entrepreneurship,Volkswagen-Audi and Enercon are interested in entering the Romanian market and develop partnerships in the country. “A large attendance to Hannover Messe represents a way to increase Romania’s contribution to the total value of German imports from 1.26 percent to 3 percent,”
Bittnet Systems announced plans to merge with Gecad Net to consolidate its position as multicloud area. Bittnet Systems wants to open offices in Timisoara, Oradea, Iasi and Craiova. Bittnet Systems is the first IT company from Romania to be listed on the Bucharest Stock Exchange (BVB).
Romania is a gateway to the EU and Eastern Europe and numerous crossborder investments and acquisitions are registering double-digit profits. Why acquire a player in Romania? More details at http://market-entry-romania.blogspot.ro/2016/11/why-choose-to-acquire-player-in-romania.html
Sectors of interest for crossborder acquisitions in Romania include: healthcare, private medical services, automotive, food processing, agribusiness, chemicals production and distribution, furniture manufacturing, IT, BPO, logistics and transport, retail and distribution.
More details about successful crossborder acquisitions in Romania at http://market-entry-romania.blogspot.ro/2017/01/successful-crossborder-acquisitions-in.html
Since 2000, FRD Center offers market research and M&A consulting services to foreign buyers and investment funds interested to enter Romania and the emerging markets in Europe as investors or joint-ventures.
More details about our Deal Origination services are available at: http://market-entry-romania.blogspot.ro/2017/02/deal-origination-in-romania-and-region.html
For tailor-made sector data, B2B matchmaking with players in the Emerging Markets in Europe, for M&A assistance and target origination feel free to contact the FRD Center team at: email: firstname.lastname@example.org or tel: +4021 411 1459/60/61