Category: News

Delgaz Grid has completed the construction and commissioning of the Onești Centru substation, a significant infrastructure project designed to improve energy supply reliability and expand capacity in Onești and its surroundings. The investment, exceeding 22.7 million RON (approximately €4.6 million), directly benefits over 31,000 residents in the municipality and 39 neighboring localities. Modernized Energy Infrastructure […]

This year, the CITIES OF TOMORROW 2024 event marked a significant milestone by taking place outside Bucharest for the first time, choosing Oradea as its dynamic and welcoming host. With over 140 participants, the event featured nine online roundtables, a dedicated conference day, and project and company site visits. These key components contributed to the […]

Saint-Gobain has undertaken three major strategic transactions across Europe, further solidifying its competitive position in the region. These moves, in line with the Group’s “Grow & Impact” strategy, aim to optimize and diversify its portfolio while fostering sustainable growth in the construction industry. Acquisition of Kilwaughter in the UK and Ireland The Group has acquired […]

Global defense manufacturer Otokar has secured a €857 million (4.26 billion RON) contract to deliver 1,059 COBRA II 4×4 armored tactical vehicles to Romania’s Ministry of Defense. Signed in partnership with ROMTEHNICA, acting on behalf of the ministry, the agreement marks a significant step in enhancing Romania’s defense capabilities. Under the multiannual contract, the first […]

The 14th edition of eMAG’s Black Friday event saw unprecedented demand, with customers placing orders totaling 220 million lei within the first 30 minutes—a 22% increase over last year. Beginning at 7:15 am, the shopping frenzy led to the sale of 573,000 items at a rate of over 19,000 products per minute. Of these, 34% […]

Intesa Sanpaolo Group has announced robust financial results for the first nine months of 2024, marking a net profit of €7.2 billion. The bank recorded €2.4 billion in net profit in the third quarter alone, highlighting its sustained financial growth and commitment to shareholder returns. This performance strengthens Intesa Sanpaolo’s position among Europe’s leading banks […]

BCR Group reported a net profit of RON 2.2 billion (€446 million) for the first nine months of 2024, marking a 30.6% increase from the same period last year. This growth was driven by a rise in operating income, underpinned by a 9.3% increase in net loans and customer advances to RON 64.2 billion (€12.9 […]

BASF reported steady sales of €15.7 billion in Q3 2024, matching the figures from the same period last year. The company’s EBITDA before depreciation, amortization, and exceptional charges rose to €1.6 billion, an increase of €77 million year-over-year. This growth stemmed primarily from improved results in BASF’s core segments, including Chemicals, Materials, Industrial Solutions, and […]

A €6 million investment from European funds will be directed over the next 12 months towards training medical personnel in the use of new technologies, marking a crucial step in the digital transformation of Romania’s healthcare system. This is the first phase of a broader program valued at tens of millions of euros, designed to […]

Infosan, the only private pediatric ophthalmology hospital in Romania, has begun the construction of a new clinic in Bucharest, expanding its footprint in the medical services market. The company is investing approximately €2 million from its own funds into the project, which is expected to be completed in the first half of 2025. The new […]