OMV Petrom and the Romanian company Simtel Team have signed an engineering, procurement and construction (EPC) contract for a battery energy storage system (BESS). This is to be installed...
Hidroelectrica has awarded the contract for the development of a battery energy storage system (BESS) at the Porțile de Fier II hydropower plant, with an installed power capacity of 64 MW and a storage capacity of 434.76 MWh. The total investment amounts to RON...
Global law firm Dentons has advised Kommunalkredit Austria AG on the 50.6 million euros refinancing of the 60 MW Ruginoasa onshore wind farm, owned and operated by DRI, the EU renewables arm of DTEK, in Iași County, Romania.
The refinancing will help fund the project’s...
AQUILA, one of the largest players in the fast-moving consumer goods distribution sector in Romania, is relocating its operations in Constanța to a new...
Primark has officially opened its first store in Iași, located at Palas Iași mixed-use project, following an investment of 10 million euros and marking the retailer’s debut in Iași County.
The new store spans 3,100 sqm of retail space across two floors. The investment has...
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of Dante International S.A. (‘eMAG’) of Romania by Naspers...
Allianz-Țiriac has announced upcoming leadership transitions set for late 2026 to ensure long-term organization development and continuity.
Aurel Badea will end his tenure at Allianz-Țiriac on December 31, 2026, following nearly 33 years with the company. During his career, he played a key role in...