Romania Feed

The agreement whereby Ford Otosan, Europe’s largest commercial vehicle manufacturer, takes ownership of Ford’s Craiova plant has been successfully completed. With this agreement, Ford has transferred ownership of its Craiova plant, which produces vehicles and engines, to Ford Otosan, allowing the company to expand its operations internationally.   This year, on 14 March, Ford announced […]

NN Asigurari de Viata, the leader of the life insurance market, closed the first 25 years of activity in Romania with a significant footprint in society and in the local economy.   Since July 1997, NN supports clients to protect everything that matters most to them, contributes to relevant social causes in the communities it […]

The European Commission closed the investigation started in 2018 with relation to the Romania’s EUR335 million aid to Oltchim, as the petrochemical company was declared insolvent in 2019 and ceased its economic activities.

The ownership transfer for Ford plant of Craiova to Ford Otosan has been successfully completed. Ford Otosan has announced EUR490 million investments in Craiova to support the future growth of production.

Avincis wine maker of Dragasani vineyard area saw tourism reach a 30% weight in total turnover in 2021.

Irina Manole leads the newly-formed Sustainability & CSR Department within the integrated communications agency Oxygen. She has a certification in Sustainability in Business and is a seasoned professional with more than 10 years of experience in corporate & brand communications, employer branding, CSR and sustainability. Recently, Oxygen announced it has become the first carbon-neutral agency […]

Ponderas hospital of Bucharest, owned by Regina Maria healthcare network since 2016, has cumulated EUR20 million investments in five years, with the money aimed at expansion and consolidation.

One United Properties, the leading green investor and developer of residential, mixed-use and commercial real estate in Bucharest, Romania, announces the acquisition of a 10,710 sqm land located near Floreasca district and Lake Tei in Bucharest.   On the new land set near One Verdi Park and Barbu Văcărescu Boulevard, the company will build a […]

Serhan Hacisuleyman, a Turkish banker with 23 years of experience in several business areas such as retail, SME, agriculture and trade, will be appointed CEO of Agricover Credit IFN, the financing division of Agricover Group of businessman Jabbar Kanani.

Hidroelectrica, the largest electricity producer in Romania, on Thursday (June 30) said it started modernization works for the 110 kV, 20 kV and 0.4 kV substations of the Tismana Subteran CHE Technical Block.

Hidroelectrica, the largest electricity producer in Romania, on Thursday (June 30) signed a contract for the “modernization of the electrical installations related to the hydromechanical equipment and hydraulic actuation installation at the Gogosu overflow dam”.

Romanian natural gas producer and supplier Romgaz (SNG.RO) on Thursday (June 30) said in a stock market report that two conditions precedent are yet to be fulfilled in order to complete the transaction involving the acquisition of 100% of the shares held by US’ ExxonMobil in the Neptun Deep gas exploration and drilling project in the Black Sea.

Global technology and software company Emerson, part of US-based Emerson, opened a new training center at its Cluj headquarters this week, focusing on Rosemount™ and Micro Motion™ measurement solutions used in the pharmaceutical, wastewater, chemical and energy industries.

Investment fund BlackPeak Capital on Thursday announced that it completed the final financing round of Southeast Europe Growth Equity Fund in the amount of EUR126 million, overshooting the initial target of EUR120 million.

Romania recorded EUR6.2 billion in e-commerce sales last year, which is about half the level achieved by retailers in Eastern Europe, estimated at EUR14 billion, according to the European E-Commerce Report 2022 published by Ecommerce Europe and EuroCommerce.

The IRCC, which is used by banks to calculate interest rates for new loans taken out starting with the spring of 2019, grew to 2.65% from 1.86% previously, in line with central bank data released on Thursday (June 30).

OMV Petrom, the largest integrated energy company in South-Eastern Europe, on Thursday (June 30) published the Sustainability Report for 2021.

The biggest art event in Romania is here to stay until August 7, in a brand new format, with diverse experiences meant to immerse visitors in artists’ universe and offer more context. From themed guided tours by day (in Romanian, English and French) to Night Tours with live music and prosecco, choose one that best […]

ROCA Industry, a holding company set up by ROCA Investments as Holdingorck1 with the Trade Register, announced that on June 29 Liviu Stoleru resigned from the position of Chief Executive Officer of the company and member of the Board of Directors, with immediate effect.

In partnership with Veranda Mall, Cărturești is launching #Parking Bookmarks, a unique bookstore campaign to promote reading by transforming the shopping mall’s underground parking lot signage into discount vouchers for books.   Until August 2nd, the underground parking spaces from Veranda Mall look different. On each pole, the usual landmarks have been replaced with book […]