AQUILA, one of the largest players in the fast-moving consumer goods (FMCG) distribution sector from Romania, completed the acquisition of KITAX Kft, one of the top five distribution companies in its field, with nationwide coverage in Hungary. The transaction, with […]
Hagag Development Europe is set to open the doors of Stirbei Palace on Calea Victoriei in the second half of this year, transforming one of the most emblematic historical monuments in Bucharest into a high-end retail project. As of fall […]
Swiss-based MET Group start the construction of its 80 MWp solar project in the Răscăeți municipality (Dâmbovița County). The company’s renewable energy portfolio in Romania includes more than 260 MWp of photovoltaic power plants and 10 MW of co-located battery […]
E.ON Energie Romania completed and handed over, on a turnkey basis, 34 photovoltaic power plants last year for as many partner companies operating in various industrial sectors, the total value of the projects reaching almost 10 million euros. With a […]
INFINEXA, a Romanian entrepreneurial company specializing in the restructuring and financing of distressed businesses, managing assets worth over 155 million Euro, announces that in 2024, Hidroconstrucția, a company undergoing insolvency proceedings, distributed over 16 million Euro to its creditors. Of […]
Earthquakes are one of the main concerns for Bucharest residents. A study conducted recently by the Bucharest Community Foundation, through the Bucurestiul Pregatit program, shows that 82 percent of residents believe that Bucharest is not ready for a major earthquake. […]
Vista Bank announces the agreement with Alpha Bank and Alpha International Holdings for the acquisition of the shares (100%) in Alpha Leasing Romania, which also holds 100% of Alpha Insurance Brokerage Romania. The transaction is expected to be completed in […]
The “Detector for Life” campaign continues in 2025, with the aim of protecting as many homes in Romania as possible from the risks of fires and carbon monoxide poisoning. The action is carried out through the “Together for Safety” partnership, […]
Banca Transilvania announces the successful completion of the merger with OTP Bank Romania. BT consolidates its leading position and reaches 23 percent market share both through organic growth and following the integration of OTP Bank. The merger also meant for […]
As power-intensive Generative AI (Gen AI) consumption grows faster than other uses and applications, electricity consumption by data centers is forecasted to double to 4 percent of global electricity consumption by 2030, according to the latest edition of the Deloitte […]
