Otokar, the defense systems division of Turkey’s largest conglomerate, Koç Group, has signed a joint venture agreement with one of Romania’s most prominent defense companies, Automecanica, to manufacture armored vehicles in Romania, contributing to the development of the country’s defense […]
Rompetrol Rafinare will restart the Low-Density Polyethylene (LDPE) unit at the beginning of May. The final technological tests are currently being carried out to restart the installation, which was shut down at the end of 2023 due to the unfavourable […]
The general meetings of shareholders of OMV Petrom – held on April 24 – approved all proposals submitted by the Management Board, including the distribution of record dividends, in the amount of 2.8 billion lei for the financial year 2024, […]
CTP, Europe’s largest listed developer, owner, and operator of industrial and logistics properties by gross leasable area announces a partnership with state-owned postal operator Poșta Română (“Romanian Post”), Romania’s market leader in postal and logistics services. Starting this spring, Romanian […]
Hidroelectrica announces the signing of the contract with Prime Batteries Technology and Enevo Group for the acquisition of the Li-ion battery storage facility in Crucea Nord Wind Farm. The main purpose of the investment is to reduce internal imbalances at […]
Banca Comercială Română (BCR) announces its accession to the national RoPay system, the newest and most innovative payment and collection method available in Romania. The service is directly integrated into the George app. The new system is based on account-to-account […]
Starting this May, Wolt, the technology company known for its local commerce platform, is officially entering the Romanian market. The transition from Tazz to Wolt will begin in selected cities and gradually roll out across the country, culminating in Bucharest, […]
The Bucharest hotel market recorded further performance recovery in 2024, in terms of RevPAR and occupancy rate, while the ADR finally surpassed the milestone of 100-euro average daily rate, according to the real estate consulting company Cushman & Wakefield Echinox. […]
Vastint Romania has concluded a new lease agreement with Tchibo Brands Romania, which is relocating its headquarters to Business Garden Bucharest, Building A, 4th floor, occupying a space of 1,130 sqm. “Considering that sustainability is an essential pillar of our […]
OVES Enterprise, a Romanian company specialized in the development of complex software solutions for the defense, aerospace, and cybersecurity industries, has signed a strategic memorandum with MSI Defense Solutions, a U.S.-based integrator of advanced tactical systems for land and naval […]
