Category: News

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 […]

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 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, 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 […]

Romanian drone manufacturer BraveX Aero has entered a strategic partnership with Germany-based Uniq Things UG to develop and operationalize a new concept: “Swarm-as-a-Service”. The collaboration enables coordinated multi-drone missions for surveillance, border protection, and emergency response. Under the agreement, BraveX provides its fixed-wing drone platforms, while Uniq Things integrates its swarm coordination technology. This system […]

Accor reported revenues of €1.369 billion in the third quarter of 2025, representing a 3.1% increase at constant exchange rates compared to the same period in 2024. Following this performance, the French hospitality group raised its recurring EBITDA forecast to a range between 11% and 12%. This result comes despite a decline of 1.1% at […]

Starting December 1, 2025, Mercedes-Benz Romania will welcome a new CEO: Kai-Uwe Trillenberg, currently Vice President of Marketing & Sales at Mercedes-Benz Thailand. He will succeed Natalie Thompson, who leaves the company after a tenure marked by strong growth and a reinforced market position. Trillenberg will arrive in Romania in November to ensure a smooth […]

In the first half of 2025, Teilor Holding reported consolidated revenues of RON 297.4 million, up 37% compared to H1 2024. EBITDA rose by 70% to RON 46.8 million, while normalized net profit jumped by 620% to RON 23.3 million. The TEILOR luxury jewelry chain generated RON 157.2 million in revenue, a 24% increase. Normalized […]

OMV Petrom has completed the acquisition of a 50% stake in the Gabare photovoltaic project in Bulgaria, which has an estimated capacity of 400 MW. Announced in June 2025, the transaction marks a strategic step in the company’s regional expansion and reinforces its renewable energy portfolio. Located in the Byala Slatina region, Gabare is expected […]

Investment fund Resource Partners has acquired 82.5% of ticketing platform iaBilet and 55% of BestMusic Concerts, a promoter with over 3,000 events, marking a strategic entry into Romania’s growing digital entertainment sector. The transaction highlights the fund’s interest in live events and ticketing services. The investment supports the next phase of development for iaBilet, which […]