Romania’s mergers and acquisitions market expanded by 49% y/y by value to USD 6 billion (EUR 5.25 billion) in H1, in line with the global trend, while it edged up by only 3% by the number of deals (143), according to the latest EY Romania - Parthenon analysis. Out of the 143 deals, three accounted for over 40% of the market (USD 2.5 billion) with Paval Holding, Premier Energy, and Raiffeisen Bank International as buyers, while the five largest deals accounted for over half of the market. The consultancy firm noted the low transparency of the market. In H1 2026, the value of transactions was not communicated for 69% of the announced transactions, slightly above the historical average of 67%, according to EY Romania.