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 […]
Ahold Delhaize Announces Leadership Changes at Profi România
Ahold Delhaize has confirmed that starting July 1, 2025, Mihai Spulber, currently serving as Senior Vice President of Operations and Supply Chain at Mega Image, will assume the role of CEO at Profi România. This transition follows the announcement that Gaetan Pacton, the current CEO, will step down after 13 years of service marked by […]
MidEuropa Completes EUR 1.3 Billion Profi Sale, Romania’s Largest Private Equity Deal
MidEuropa Partners has successfully completed the sale of Profi Rom Food to Ahold Delhaize for EUR 1.3 billion, marking the largest private equity deal in Romania’s history. Profi, a leading grocery retailer in Romania, operates over 1,750 stores and employs more than 28,000 people across the country. The deal, signed in October 2023 and finalized […]
CITIES OF TOMORROW 2024: A Transformative Event in Oradea
This year, the CITIES OF TOMORROW 2024 event marked a significant milestone by taking place outside Bucharest for the first time, choosing Oradea as its dynamic and welcoming host. With over 140 participants, the event featured nine online roundtables, a dedicated conference day, and project and company site visits. These key components contributed to the […]
Saint-Gobain Strengthens European Presence with Strategic Moves Worth Over €160 Million
Saint-Gobain has undertaken three major strategic transactions across Europe, further solidifying its competitive position in the region. These moves, in line with the Group’s “Grow & Impact” strategy, aim to optimize and diversify its portfolio while fostering sustainable growth in the construction industry. Acquisition of Kilwaughter in the UK and Ireland The Group has acquired […]
Otokar Wins €857 Million Contract for COBRA II Tactical Vehicles in Romania
Global defense manufacturer Otokar has secured a €857 million (4.26 billion RON) contract to deliver 1,059 COBRA II 4×4 armored tactical vehicles to Romania’s Ministry of Defense. Signed in partnership with ROMTEHNICA, acting on behalf of the ministry, the agreement marks a significant step in enhancing Romania’s defense capabilities. Under the multiannual contract, the first […]