Delgaz Grid Invests €75 Million in Smart Meter Rollout for 487,000 Customers
Delgaz Grid has launched its most extensive smart metering project to date, with an investment of nearly €75 million aimed at installing 487,000 smart meters across six counties in Moldova. The initiative is co-financed through the Modernization Fund and Delgaz Grid’s own resources and is expected to be completed by December 2029. By the end […]
Schneider Electric Appoints Ionuț Farcaș as President of Central and Eastern Europe
Schneider Electric, a global leader in energy management and automation, has appointed Ionuț Farcaș as President of its Central and Eastern Europe (CEE) division. Farcaș, who joined Schneider Electric in 2014, previously held leadership roles in Romania and internationally, including Country General Manager for Bulgaria, Albania, North Macedonia, and Kosovo, as well as Senior Vice […]
OMV Petrom Secures 62% of Solar Energy from DRI in Romania’s Largest PPA Deal
OMV Petrom has signed Romania’s largest-ever physical power purchase agreement (PPA), securing 62% of the electricity generated by DRI’s Glodeni I and Glodeni II solar projects and 50% of the output from the Vacaresti solar project. The total combined capacity of these renewable energy projects reaches 239 MW, with deliveries set to begin in January […]
Warehouses De Pauw (WDP) Reports Strong 2024 Financial Results with €1 Billion Investment
Warehouses De Pauw (WDP), a leading Belgian real estate investment trust (REIT) specializing in logistics and industrial properties, reported record financial and operational results for 2024, reinforcing its position as a key player in the European logistics market. The company invested €1 billion, including a major expansion in France, strategically aligning with market conditions. Structural […]
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 […]