Page 103 - bne IntelliNews Southeastern Europe Outlook 2025

Pharmaceuticals
German pharmaceutical group Stada has inaugurated a €70mn greenfield factory in Turda, central Romania – the largest investment in Romania’s pharmaceutical industry in three decades.
The project was supported by a €21mn government grant and it was completed on schedule outlined in 2022. The factory already employs nearly 400 people.
e-commerce
Tazz, one of the most important delivery platforms in Romania, part of the eMAG e-commerce group, announced an agreement was signed regarding its acquisition by Wolt – a global player in the industry, with Finnish origin and operations in 28 countries.
The acquisition is expected to close in the next few months, subject to customary closing conditions and regulatory approvals.
Romania’s food delivery industry thus concentrates a number of large global players, such as Bolt (Estonia), Glovo (Spain) and Wolt (Finland/USA), with no local players remaining on the market.
Fintech
Romania’s FintechOS announced the successful completion of a $60mn Series B+ investment round with BlackRock among the investors. The round was led by Molten Ventures, Cipio Partners and BlackRock, alongside existing investors EarlyBird VC, OTB VC and Gapminder VC.
FintechOS has developed an eponymous tech platform, designed and customised for various financial institutions to help them develop competitive products. The most important markets for FintechOS are the UK, Continental Europe and the US.
Insurance
Eurohold Bulgaria (Eurohold) and Euroins Insurance Group (EIG) announced on May 22 they have officially filed a Request for Arbitration against Romania at the International Centre for Settlement of Investment Disputes (ICSID).
They cited “multiple unlawful acts of the Romanian authorities, which have damaged EIG’s business in Romania and completely destroyed it in the case of Euroins Romania”. The claim is in excess of €500mn.
Prior to its bankruptcy in June 2023, Euroins Romania was the leader of the country’s third-party car insurance market, with a share of nearly
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