Alessio Cioni Named CEO of Intesa Sanpaolo Bank România, Brings Over 20 Years of International Experience
Intesa Sanpaolo Bank România, a subsidiary of the prominent European financial group Intesa Sanpaolo, has appointed Alessio Cioni as its new Chief Executive Officer and General Director. With the official approval of the National Bank of Romania, Cioni’s mandate began on October 8, 2024, marking a significant leadership transition for the bank. He succeeds Paolo […]
SARMIS Capital Acquires Majority Stake in MG-Tec Industry to Boost Regional Leadership
SARMIS Capital, a leading investment fund focused on Romania and neighboring countries, has acquired a majority stake in MG-Tec Industry, one of Romania’s largest independent tissue paper producers. This acquisition, which has received all regulatory approvals, aims to provide the strategic and financial backing necessary for MG-Tec Industry to solidify its position as a regional […]
Restart Energy Completes Photovoltaic Project for Fileca Industry Worth Over €300,000
Restart Energy has successfully completed a photovoltaic power plant for Fileca Industry, valued at over €300,000. The new facility, located in Beclean, Bistrița-Năsăud County, is designed to generate significant energy savings while contributing to environmental sustainability. The project includes 852 photovoltaic panels installed across 3,500 square meters on the roof of Fileca Industry’s building. With […]
Lidl România Invests 265 Million RON in Education to Support 35,000 Children from Vulnerable Communities
Lidl România has announced a significant investment in education, contributing 265 million RON to the Teach for Romania program as part of their “Back to School” campaign. This amount, which represents an increase of 115 million RON compared to last year, will enable the expansion of educational initiatives across the country, aiming to provide quality […]
EVOLOR Invests EUR 3 Million in New Factory to Boost Production Capacity
EVOLOR, a major player in Romania’s paint and varnish industry, has inaugurated a new high-tech production facility on the Oltchim industrial platform in Râmnicu Vâlcea. This investment, worth EUR 3 million, is part of the company’s strategy to enhance production capabilities and expand its market reach. In 2023, EVOLOR reported a turnover of 96.2 million […]
NEPI Rockcastle Issues EUR 500 Million in Green Bonds with Clifford Chance Badea’s Legal Counsel
NEPI Rockcastle, a leading real estate developer and investment group in Central and Eastern Europe, has successfully issued EUR 500 million in green bonds, with legal counsel provided by Clifford Chance Badea. The issuance, which was oversubscribed by more than six times, marks NEPI Rockcastle’s return to the Eurobond market after more than two years. […]
Alfa Group Acquires IRIDE Business Park, Boosting Real Estate Portfolio
Alfa Group has completed the acquisition of the IRIDE Business Park from CPI Group, marking a significant expansion in its real estate portfolio. The deal includes not only office spaces but also logistics facilities, essential for enhancing Alfa Group’s future operations. This acquisition strengthens the company’s presence in Bucharest’s real estate market, particularly in office […]
BASF Aims to Distribute €12 Billion to Shareholders by 2028
BASF has outlined an ambitious corporate strategy aimed at reinforcing its financial performance and commitment to sustainability. During Capital Markets Day in Ludwigshafen, Dr. Markus Kamieth, Chairman of BASF’s Board of Executive Directors, emphasized the company’s goal to become the preferred chemical partner facilitating green transformations for its customers. Dr. Dirk Elvermann, BASF’s CFO, highlighted […]
Rezolv Energy and A2A Sign Major 150 GWh Energy Agreement in Romania
Rezolv Energy, a renewable energy developer backed by Actis, has signed a 7-year Virtual Power Purchase Agreement (VPPA) with A2A, a leading Italian group in energy, water, and environmental sectors. The deal covers the acquisition of 150 GWh per year of wind energy generated by Rezolv’s VIFOR wind farm in Buzău County, Romania. This renewable […]
AmCham Romania Releases Strategic Business Priorities for 2024-2028
The American Chamber of Commerce in Romania (AmCham Romania) has released its “Priorities for Romania 2024-2028,” outlining key business recommendations to drive sustainable economic growth over the next four years. The report highlights critical areas for investment and reform, positioning Romania to enhance its competitiveness, attract more foreign investment, and modernize key sectors. AmCham emphasizes […]