Category: News

Restart Energy has signed a 56 million lei connection contract with Transelectrica for a 500 MW solar park in Șimand, Arad County. This project will supply over 200,000 households in Romania with green energy. The solar park, the second largest in Romania, will be financed by US Exim Bank through Interlink Capital Strategies, based in […]

Vienna Insurance Group (VIG) has announced a significant 11% rise in gross written premiums, reaching 4.3 billion euros in the first quarter of 2024. This increase reflects the company’s robust business performance and strategic growth across various regions. In Q1 2024, VIG’s gross written premiums totaled 4.297 billion euros, up from 3.871 billion euros in […]

The American Chamber of Commerce in Romania (AmCham Romania) will host the third edition of the USA-Romania Economic Forum in Washington D.C. on June 20, 2024. This landmark event is designed to position Romania as a prime destination for American investments. Under the theme “Partnership for Development,” the forum will convene officials from both the […]

Xiaomi Corporation reported a significant increase in its adjusted net profit for the first quarter of 2024, reaching 856 million EUR (6.5 billion RMB), doubling from the same period last year. The group’s total revenue rose by 27% YoY, amounting to 9.9 billion EUR (75.5 billion RMB). This impressive performance was driven by robust growth […]

Danone Romania is celebrating a quarter-century of using 100% locally sourced Romanian milk to produce dairy products that supply not only the local market but also 14 other European countries. Over the past 25 years, Danone has consistently invested in its Bucharest factory, transforming it into the most advanced Danone facility in Europe with an […]

Bosch, a global leader in technology and services, reported a solid financial performance in Romania for the fiscal year 2023, despite market uncertainties. The company recorded consolidated sales of 25 billion lei (5.162 billion euros) in Romania, maintaining levels similar to the previous year. Total net sales, including those from non-consolidated companies and internal deliveries […]

Dino Parc Rasnov, a leading tourist attraction, has significantly impacted the economy of Rasnov city, doubling it within the past eight years. According to an economic impact study by BrandBerry, the theme park has boosted the local economy by attracting over 35 million tourists since its opening in 2015, adding more than 100 million euros […]

Bucharest, May 21, 2024 – Garanti BBVA România has announced a contribution of €48 million to the syndicated loan secured by Ford Otosan România. This funding will support the production of the Ford Puma model and new commercial vehicles Ford Transit Courier and Ford Turneo Courier, including their electric versions. Garanti BBVA România has prioritized […]

TBI Bank has reported a significant 40% increase in net profit for the first quarter of 2024, achieving a net profit of €113 million compared to €82 million in the same period last year. The unaudited consolidated financial results highlight the bank’s strong performance and strategic market expansions. During the first three months of 2024, […]

OMV Petrom, the largest integrated energy producer in Southeast Europe, has operationalized the largest crude oil storage tank in Romania at the Petrobrazi refinery. The tank, built to the latest industry standards, includes double walls and bottom, an aluminum dome roof, and an internal floating cover to minimize vapor emissions. This two-year project required an […]