Euro Vial Residence acquired a six hectares plot of land located in the northern area of the city of Constanta, towards Ovidiu, in a transaction with a value of EUR 6.5 million. A mixed project is going to be developed […]
Euro Vial Residence acquired a six hectares plot of land located in the northern area of the city of Constanta, towards Ovidiu, in a transaction with a value of EUR 6.5 million. A mixed project is going to be developed […]
OTP Bank Romania recorded a consolidated net profit of 262 million RON in 2023, seven times higher than the amount of 2022. Operating profit in 2023 reached RON 270 million, up 25 percent higher than in 2022, as a result […]
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), has started the general turnaround of the Petromidia refinery, scheduled for the period March 8 – April 26, an extensive project aimed at the maintenance, recertification and modernization of […]
Copper Beech Urban Development is planning a major investment of 745 million RON in the development of a next generation photovoltaic park. With a capacity of more than 130 MW, the solar project represents the entry into the renewable energy […]
Hidroelectrica became a partner of the Romanian Olympic and Sports Committee (COSR) for supporting the Romanian Olympic Team during the preparation, qualification, and participation in the Paris 2024 Olympic Games. Mihai Covaliu, president of COSR and Karoly Borbely, president of […]
Distribuție Energie Electrică Romania (DEER), a member of the Electrica Group, increased its 2023 revenues by approximately 1 billion RON (+30 percent), to 4.41 billion RON (from 3.39 billion RON) in 2022), mainly from the effect generated by the increase […]
The European Commission has approved a 3 billion Euro (15.22 billion RON) Romanian scheme to support installations producing electricity from onshore wind and solar photovoltaic to foster the transition towards a net-zero economy, in line with the Green Deal Industrial Plan. The scheme […]
In 2023, EBITDA at Electrica Group level increased by 27.1 percent, respectively by RON 369.8 million, reaching a value of RON 1,732.7 million, compared to the value of RON 1,362.9 million achieved in 2022. The EBITDA growth in 2023 was […]
Romanian companies anticipate improvement of macroeconomic indicators such as gross domestic product (GDP), inflation and unemployment, but seem to still adopt a prudent approach as uncertainty remains high, according to the Deloitte 2024 Romania CFO Survey, conducted at the end […]
PepsiCo, one of the leaders in the food and beverage industry, announces the appointment of Silvia Petre as HR Director of PepsiCo East Balkans, starting from March 1, 2024. Silvia Petre will report to Inna Yakovchuk, CE HR SR Director. […]