Beko Appoints Marius Mihăilescu as CEO for Five Countries
Beko has appointed Marius Mihăilescu as the new CEO for Romania, Moldova, Greece, Malta, and Cyprus, effective January 1, 2025. Beko Romania announced the leadership transition following the departure of Murat Büyükerk, who concludes his seven-year tenure to pursue new professional opportunities. During his time at Beko, Murat Büyükerk played a key role in transforming […]
Holcim România Appoints Adina Pădurariu as the New Director of the Adjud AAC Plant
Holcim România has announced the appointment of Adina Pădurariu as the new director of its Autoclaved Aerated Concrete (AAC) plant in Adjud, Vrancea County. Pădurariu, who has been with the company for ten years, takes over from Carmen Bîrlă, who is retiring after 22 years with Holcim. With a 30-year career in the petrochemical and […]
OMV Petrom Invested a Record 7.2 Billion Lei in 2024 Despite Market Challenges
OMV Petrom reported a strong operational performance for 2024, despite a challenging economic and regulatory environment. The company invested 7.2 billion lei, marking a 52% increase compared to 2023, with funds directed towards the Neptun Deep gas project, renewable energy initiatives, and expansion of its electric mobility network. However, the company’s current cost of supply […]
Foster + Partners Joins IULIUS in €800 Million Urban Regeneration Projects in Romania
IULIUS, one of Romania’s leading real estate developers, has partnered with Foster + Partners, a globally renowned architecture firm, to implement two transformative urban regeneration projects in Iași and Constanța. These groundbreaking initiatives represent investments exceeding €800 million, aimed at redefining urban landscapes with sustainability and innovation at their core. In Constanța, a 38-hectare industrial […]
UE Furniture Acquires Rus Savitar in Major Romanian Furniture Sector Transaction
UE Furniture, a global leader in the production of chairs, armchairs, and sofas, has completed the acquisition of Rus Savitar, one of Romania’s largest furniture and chipboard manufacturers. The deal, facilitated by CBRE Romania, encompasses 120,000 sqm of land and 60,000 sqm of buildings located in Dudeștii Noi, Timiș County. The acquisition marks a significant […]
Over €2 Billion in Non-Reimbursable Funding Available in Q1 2025 for Romanian Investments
REI Grup, one of Romania’s top consultancy firms specializing in non-reimbursable funding, has revealed that more than €2 billion will be allocated in the first quarter of 2025. These funds aim to support projects in key areas like start-ups, technology, artificial intelligence, renewable energy, agriculture, and tourism. With over 15 financing programs available, funding ranges […]
OMV Petrom and România Eficientă Achieve Milestone with €1.3 Million Energy Renovation Project
OMV Petrom, in partnership with Energy Policy Group (EPG), has finalized a €1.3 million energy efficiency renovation of the workshop building at the Technological High School in Vernești, Buzău County. This initiative is part of the fifth phase of the national program, România Eficientă, which aims to modernize four educational facilities to nearly zero-energy building […]
SAP Romania Surpasses 1,000 Employees, Strengthens Role as Digital Transformation Leader
SAP Romania, the local subsidiary of global software leader SAP SE, has reached an important milestone by exceeding 1,000 employees. This achievement underscores the company’s sustained growth and its capacity to drive digital transformation initiatives for clients locally and globally. Founded in 2002 with an initial team of five in Bucharest, SAP Romania has expanded […]
Delgaz Grid Finalizes €4.6 Million Substation in Onești, Improving Energy Reliability for 31,000 Consumers
Delgaz Grid has completed the construction and commissioning of the Onești Centru substation, a significant infrastructure project designed to improve energy supply reliability and expand capacity in Onești and its surroundings. The investment, exceeding 22.7 million RON (approximately €4.6 million), directly benefits over 31,000 residents in the municipality and 39 neighboring localities. Modernized Energy Infrastructure […]
Johann Strauss Festival: Anniversary Edition – January 11th 2025, Romainian Athenaeum
Celebrate 200 years since the birth of Johann Strauss II with an extraordinary anniversary concert on January 11, 2025, at the Romanian Athenaeum! The George Enescu Philharmonic Orchestra, conducted by Constantin Grigore, alongside soprano Veronica Anușca and tenor George Vîrban, invites you to relive the unmistakable atmosphere of Vienna’s New Year’s Concert, right here in Bucharest! Secure your tickets now through the EVENTIM network—availability is limited! […]