CEC Bank Posts 279,8 Million lei Net Profit in First Half of 2024, Assets Grow by 35%
CEC Bank, one of Romania’s leading financial institutions, reported significant growth for the first half of 2024, with a net profit of 279,8 million lei. The bank’s total assets saw a substantial increase of 35% compared to the same period last year, reaching 93,23 billion lei. The bank’s financial performance in the first six months […]
OMV Petrom Acquires 710 MW of Solar Projects in Romania from Jantzen Renewables
OMV Petrom, one of Southeast Europe’s largest integrated energy producers, has finalized the acquisition of several photovoltaic park projects from the Danish company Jantzen Renewables. These projects, located in Teleorman County, Romania, have a planned installed capacity of approximately 710 MW. Once operational, the parks will be among the largest solar projects in Southeast Europe. […]
Ascendis Acquires Cariere and HR Manager in a €300,000 Deal
Ascendis Group, one of Romania’s leading professional development training and consultancy firms, has acquired the renowned magazines Cariere and HR Manager in a transaction worth €300,000. This acquisition strengthens Ascendis’ commitment to expanding communication platforms for the HR community in Romania, Moldova, and the Romanian diaspora. Andrei Goșu, Managing Partner at Ascendis, emphasized the significance […]
Restart Energy Completes €900,000 Photovoltaic Project for Tehno Proenergy, Cutting CO2 Emissions by 155 Tons Annually
Restart Energy has successfully finalized a €900,000 photovoltaic power plant project for Tehno Proenergy, a company based in Alba County. The plant, featuring 1,818 solar panels spread across 10,000 square meters, has a total capacity of 999.9 kWp and will produce 1,287 MWh of electricity annually, fully covering the energy consumption of the company. This […]
Saint-Gobain Installs 1,725 Solar Panels at Turda Factory, Cutting CO2 Emissions by 238 Tons Annually
Saint-Gobain Romania has taken a significant step in its sustainability strategy by completing the installation of a photovoltaic power plant at its Saint-Gobain Rigips factory in Turda. This solar project, funded through the National Recovery and Resilience Plan (PNRR) and Saint-Gobain’s internal Carbon Fund, is designed to power the factory’s production line with clean energy, […]
E.ON Invests €18 Million in Community Projects, Reaching 5 Million Romanians Annually
E.ON Romania has significantly expanded its community support efforts, investing €18 million in 2023 in key projects focused on safety, education, and environmental protection, according to its latest sustainability report. This brings the total investment in community initiatives to almost €20 million over the past years. These projects have had a direct impact on over […]
CBRE Romania Strengthens ESG Services with New Accessibility Certification Program
CBRE Romania is expanding its influence in the commercial real estate sector by intensifying its commitment to ESG and sustainability. Through a new strategic partnership with Access4you, CBRE Romania will enhance its efforts to create more inclusive and accessible spaces for people with disabilities. Access4you is a Hungarian company known for its expertise in building […]
SARMIS Capital Secures Leadership in Romanian Facility Management with €80 Million Acquisition
SARMIS Capital has announced a major acquisition in Romania’s facility management sector, acquiring AEK Security, AEK Firefighters, and Deziclean. This strategic move solidifies its position as the largest player in the country’s integrated facility management market. The newly expanded entity now manages services across more than 15 million square meters of building space, generating an […]
Cities of Tomorrow goes to Oradea
The Romanian-German Chamber of Commerce and Industry (AHK Romania) organizes during 24-25 October 2024 the conference Cities of Tomorrow. The event, now in its 12th edition, will take place this year in Oradea, having Oradea City Hall as partner, with the support of Bihor County Council and Visit Oradea. For the first time Cities of […]
Ministry of Finance Secures Record RON 3.2 Billion Through Fidelis Government Bonds
The Ministry of Finance has achieved a significant milestone by securing over RON 3.2 billion (EUR 650 million) through the latest issuance of Fidelis government bonds, marking the largest public offering in the program’s history. The offering, held in August 2024, attracted RON 1.7 billion and EUR 311 million from retail investors, setting a new […]