OMV Petrom and TAROM, Romania’s national air transport company, announce the signing of a contract for the supply of sustainable aviation fuel, a first for Romanian aviation. Starting from January 1, 2025, OMV Petrom will supply TAROM with SAF aviation […]
Electroplast, one of Romania’s leading electrical cable manufacturers, announces the implementation of an investment project worth over 9 million euro, aimed at technological modernization of the factory and through expanding its presence in major railway infrastructure projects. In the first […]
Black Friday is the most significant retail event of the year, and nearly 53 percent of Romanians have prepared to hunt for the biggest discounts. However, the faster rise in living costs compared to salaries and the effects of inflation […]
Maib, the largest bank in Moldova, delivers net profit of 57 million euros in the first nine months, up 11 percent year-on-year. The YoY growth was largely driven by higher net interest income and increased net foreign exchange gains. The […]
Hidroelectrica and Politehnica University of Timișoara (UPT), one of the most prestigious institutions of higher technical education in Romania, signed a Memorandum of Collaboration. This agreement aims to support research, innovation and training of future generations of specialists in the […]
UniCredit and Alpha Services and Holdings announce that, having received approvals from all relevant authorities and following completion of the due diligence process, UniCredit has acquired the majority stake in Alpha Bank Romania. The transaction is part of the strategic […]
eMAG estimates sales of approximately 800 million RON for this year’s Black Friday edition (November 8), 69 million RON more than last year. This year, nearly 60 percent of consumers familiar with Black Friday intend to make a purchase during […]
The Ministry of Energy and the Japanese company Itochu Corporation signed a Memorandum of Understanding for the development of the Tarnița-Lăpuștești hydropower plant, a project of strategic importance for balancing the national energy system. The agreement was signed during the […]
Garanti BBVA reports its results four months after introducing new functionalities in the Mobile Banking app, enabling clients to apply for personal loans and Bonus Cards without visiting branches. After 4 months from the launch, in October, 13 percent of […]
MASTERBUILD General Contractor & Developer completed the works on a new shopping center in Pitesti, developed by Square 7 Properties in partnership with the Belgian investment fund Mitiska REIM. The new Pitești Shopping Park is located in the northern area […]
