PENNY invests €35 million in new logistics center in Mihăilești
PENNY Romania has officially opened its new logistics center in Mihăilești, Giurgiu County, following an investment of €35 million. Covering 22,000 square meters and employing around 200 people, the new facility marks a key milestone in the retailer’s national expansion. It is expected to serve 50 stores by the end of 2025 and 100 stores […]
Rheinmetall to invest €500 million in munition powder factory in Victoria, Romania
German defense company Rheinmetall is set to build a munition powder factory in Victoria, Brașov County, in partnership with the Romanian state. The total investment amounts to €500 million, and the project is expected to generate around 700 new jobs. The facility will be constructed from the ground up and is planned to produce approximately […]
AROBS acquires 65% stake in Sibiu-based Gess Engineering to strengthen automotive testing and validation services
AROBS Transilvania Software (BVB: AROBS), Romania’s largest tech company listed on the Bucharest Stock Exchange, announced the acquisition of a 65% majority stake in Gess Engineering, a Sibiu-based engineering company specializing in vehicle testing, validation, and integration systems for the automotive sector. Gess Engineering, officially Global Engineering Services & Solutions S.R.L., brings to AROBS an […]
Olympian Parks appoints Ana Dumitrache as CEO, targets 500,000 m² logistics portfolio
Olympian Parks, the industrial and logistics parks platform owned by Helios Phoenix, has appointed Ana Dumitrache as CEO, effective November 1, 2025. Her primary objective is to strengthen the company’s market position and lead its expansion toward a 500,000 square meter portfolio in the coming years. With over 25 years of experience in Romania’s logistics […]
Mars invests USD 5 million in agricultural research to protect the global peanut supply chain
Mars, one of the world’s top five peanut buyers, has announced a USD 5 million investment in a five-year agricultural research program. The initiative, titled “Protect the Peanut,” aims to protect peanut crops from pests, diseases, and climate variability, in an effort to reduce supply chain disruptions and harvest losses. According to the company, up […]
BCR posts RON 2.47 billion net profit in 9 months, driven by strong lending and digital expansion
Banca Comercială Română (BCR) reported a net profit of RON 2.467 billion (EUR 491 million) for the first nine months of 2025, marking an annual increase of 11.2%. This performance was underpinned by the expansion of the bank’s client business, higher operating revenues, and continued momentum in retail and corporate lending. The bank recorded RON […]
OMV Petrom invests RON 5.1 billion in first 9 months of 2025, despite 13% drop in net profit
OMV Petrom reported RON 5.1 billion in organic investments between January and September 2025, up 28% year-on-year, amid a 20% decline in operating result and a 13% drop in net profit to RON 3.4 billion. The investment increase reflects the company’s 2030 Strategy implementation, with a focus on Neptun Deep and expanding its renewable energy […]
Voucher system generated over 1.4% of Romania’s GDP in 2024 and supported 213,000 jobs
A study conducted by the Bucharest University of Economic Studies (ASE) reveals that the value voucher system—including meal cards, holiday vouchers, and social aid tickets—contributed over 1.4% to Romania’s GDP in 2024 and supported more than 213,000 jobs nationwide. The findings were presented at the Policy & Impact Forum hosted by the French Embassy in […]
Allianz-Țiriac appoints Codruța Furtună as Deputy CEO amid 17% market share milestone
Allianz-Țiriac Asigurări has appointed Codruța Furtună as Deputy CEO, strengthening its executive leadership as the company ranks second in Romania’s insurance market with a share exceeding 17%, according to March 2025 data from the Financial Supervisory Authority (ASF). Currently serving as Head of Sales and Distribution, Codruța Furtună will continue to lead this strategic division, […]
Groupama invests €1 million in new pediatric emergency surgery block at Marie Curie Hospital
Groupama, one of the largest insurance companies in Romania, is investing €1 million in the construction of a new surgical block dedicated to emergency procedures and endoscopy at the Marie Curie Children’s Emergency Hospital in Bucharest. The amount is allocated through the redirection of corporate tax to the Inima Copiilor Association, which is coordinating the […]