Nestor Nestor Diculescu Kingston Petersen (NNDKP) advised Value4Capital (V4C) on the sale of its entire shareholding of 36.25% in Medlife S.A., Romania’s largest provider of private healthcare services.  The exit came seven years after V4C purchased the shares from Medlife’s founders and the International Finance Corporation (with NNDKP acting as local counsel) and was performed through an initial public offering on the Bucharest Stock Exchange (BSE). The transaction became the first IPO of a private company performed in the past decade in Romania. ...more »

FAN Courier, expects to end the year with an advance in turnover of 29%, declared the company in a press release.   In a market estimated to pass the threshold of 400 million euros from 385 million euros in 2015, the leader of the courier sector in Romania has allocated for 2016 a budget of 18 million Euros for investments to modernize its fleet, to open a regional hub in Brasov and modernize the Bucharest hub. ...more »

Martin Zmelik, CEO CEZ Romania unveils the approach to energy efficiency and the challenges of a liberalized market What are in your opinion the main current challenges in implementing the efficiency programs in Romania? For us, the main challenges in implementing the efficiency programs were related mainly to the legislation provisions: on one hand we were pending on them, on the other we had to explain them to our potential partners.  But we surpassed the challenge and managed to perform in this area also. Our commitment for a long-term partnership to the municipalities took the shape of ESCO services resulting in public lightning cost optimization, energetic audit and management for long term sustainable savings....more »

Over 43,000 health specialists have requested the Health Ministry, from 2007 to present, the necessary documents in order to emigrate, announced on Monday, Health Minister Vlad Voiculescu, at the Government House, on the occasion of the launch of the National Strategy for Human Resources in Healthcare.  "Romania has been facing, for several years, a severe crisis in human resources in healthcare and we know that the low level of income, the poor work conditions and the lack of equipment, the reduced possibilities for professional development are just some of the factors that have led in time to this crisis. As a result, over 43,000 specialists have requested the Health Ministry, from 2007 until today, the necessary documents to emigrate. Although not all of them have left, these figures are enough to make us worry," stated Voiculescu....more »

The volume of Romania's retail trade increased by 8.7 percent in October 2016 compared to the same month of the year before, making this the second month in a row when Romania's performance is surpassed only by Luxembourg in the EU ranking by retail trade growth, shows data released by the European Statistical Office (Eurostat).  In the euro area, the calendar adjusted retail sales index increased by 2.4 percent in October 2016 compared with October 2015, and by 3.5 percent in the EU28 quotes Agerpress....more »

The National Prognosis Commission left unchanged the economic growth estimations for 2016 and 2017 to 4.8 percent, 4.3 percent respectively, compared to the preliminary version of the autumn prognosis on average term, published in September.  According to the prognosis regarding the projection of the 2016-2020 main macro-economic indicators, the CNP estimates for this year a real economic growth of 4.8 percent, to a nominal GDP of 758.5 billion lei, and for 2017 an increase of 4.3 percent to a value of 807.4 billion lei....more »

The Government has passed a second budget revision this year, a positive one as Finance Minister Anca Dragu said, adding that it is a revision that reflects the efficient manner in which public money has been managed, as well as economic growth. "We adopted today a second budget revision this year. It is a positive one, the second positive this year, which is an excellent picture of our efficient management of public money and excellent economic development. We have secured macroeconomic balance, while providing trust and predictability to investors. ...more »

Romania's leasing industry could attain in 2017 its medium- term growth potential of 15 pct, while the value of financed assets could exceed 2.3 billion euro, president of the Financial Companies Association (ALB) Bogdan Speteanu said on Wednesday at the annual conference of the industry. "Speaking of expectations for the leasing industry in 2017, I would say that we will attain our growth potential. In recent years we came to the conclusion that a figure around 15 percent represents a sustainable growth for the leasing market. In the current context and considering the macroeconomic forecasts for next year, and also in connection with Romania's economic growth rate which hopefully will further stay on tops of the EU charts (...) we consider that a 15 percent growth is realist ic. Next year we hope to see the leasing market go towards 2.3 billion euro," Bogdan Speteanu told the 12th ALB Romania national conference organised together with Govnet Conferences....more »

PeliFilip advised Anchor, the real estate and development group, with respect to the merger of the Romanian group companies owning and operating București Mall and Plaza Mall. The process was designed as a merger through absorption, under which the entire patrimony of the Plaza Mall shopping centre was transferred to București Mall. The preliminary steps of the merger were initiated in March 2016, with the merger becoming effective in October 2016.  ...more »

The largest collaboration and promotion platform dedicated to the Central and Eastern Europeean Outsourcing Industry has been launched in Romania by NNC Services and its strategic partner, ProProgressio Foundation in the presence of both partners and of the Romanian Association ANIS (Association of Software and Services Industry). OutsourcingPortal.ro is a project based on a strategic partnership between NNC Services Romania, leader in marketing consulting services for IT and services companies and the Pro Progressio Foundation, developed with the mission to promote, educate and support all the players of the Romanian outsourcing market....more »