The Extraordinary General Meeting of Shareholders (AGEA) Electrica approved today a series of decisions, including two investment projects in renewable energy production and energy storage. The Satu Mare 3 photovoltaic park project has an estimated investment value of EUR 36.15 […]
TeraPlast Group inaugurated its new Opal stretch film factory located in the Sărățel Industrial Park. This production facility represents a total investment of EUR 18.5 million, of which EUR 5.3 million was provided as state aid. The Opal factory addresses […]
MOL Group today announced its financial results for Q3 2024. The company reached a profit before tax of 503 million USD in this period and 1.4 billion USD in the first nine months of 2024. Upstream reported high production levels, […]
Restart Energy finalized the implementation of a photovoltaic project worth 300,000 euros for Teleferic Cindrel Company, administrator of the ski area Păltiniș Arena. The project consists of 800 panels located on the ground in Păltiniș Arena, Sibiu County. The panels […]
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 […]
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 […]
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 […]
