Hidroelectrica and the National Renewable Energy Laboratory (NREL) – US Department of Energy have signed a memorandum that puts Romania at the forefront of Europe in storing green energy through pumped storage hydroelectric power plants throughout the Carpathian chain, announced […]
Vienna Insurance Group (VIG) publishes its 2024 Group Annual Report. This report includes for the first time the sustainability statement prepared in accordance with the EU Corporate Sustainability Reporting Directive (CSRD). Gross written premiums amounted to EUR 15.2 billion (+10%) […]
Nusco, one of the most active real estate developers on the local market, aims to integrate the concept of a mini urban forest into the urban regeneration project Nusco City, over an area of 20,000 square meters, with more than […]
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 […]
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 […]
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 […]
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 […]
MET achieved its third most profitable year in 2024 on the back of a consolidated revenue of EUR 17.9 billion. The company’s revenue was down from EUR 24.5 billion in 2023 reflecting the normalisation of energy prices. The total traded […]
