Category: Press-Releases

Delgaz Grid has launched its most extensive smart metering project to date, with an investment of nearly €75 million aimed at installing 487,000 smart meters across six counties in Moldova. The initiative is co-financed through the Modernization Fund and Delgaz Grid’s own resources and is expected to be completed by December 2029. By the end […]

OMV Petrom reported a strong operational performance for 2024, despite a challenging economic and regulatory environment. The company invested 7.2 billion lei, marking a 52% increase compared to 2023, with funds directed towards the Neptun Deep gas project, renewable energy initiatives, and expansion of its electric mobility network. However, the company’s current cost of supply […]

OMV Petrom, in partnership with Energy Policy Group (EPG), has finalized a €1.3 million energy efficiency renovation of the workshop building at the Technological High School in Vernești, Buzău County. This initiative is part of the fifth phase of the national program, România Eficientă, which aims to modernize four educational facilities to nearly zero-energy building […]

SAP Romania, the local subsidiary of global software leader SAP SE, has reached an important milestone by exceeding 1,000 employees. This achievement underscores the company’s sustained growth and its capacity to drive digital transformation initiatives for clients locally and globally. Founded in 2002 with an initial team of five in Bucharest, SAP Romania has expanded […]

Ahold Delhaize has confirmed that starting July 1, 2025, Mihai Spulber, currently serving as Senior Vice President of Operations and Supply Chain at Mega Image, will assume the role of CEO at Profi România. This transition follows the announcement that Gaetan Pacton, the current CEO, will step down after 13 years of service marked by […]

MidEuropa Partners has successfully completed the sale of Profi Rom Food to Ahold Delhaize for EUR 1.3 billion, marking the largest private equity deal in Romania’s history. Profi, a leading grocery retailer in Romania, operates over 1,750 stores and employs more than 28,000 people across the country. The deal, signed in October 2023 and finalized […]

OMV Petrom, the leading integrated energy producer in Southeast Europe, has entered a strategic partnership with NewMed Energy Balkan, a subsidiary of Israel’s NewMed Energy, to advance exploration in the Han Asparuh offshore block in Bulgaria. Under the agreement, OMV Petrom will transfer 50% of its interest in the block to NewMed Energy, while retaining […]

Accor reported a robust third-quarter performance in 2024, with revenue reaching 1.434 billion euros, marking a 12% increase compared to the same period last year. This growth was driven by the Group’s Luxury & Lifestyle brands, the strategic expansion in high-potential regions, and the positive impact of the Olympic Games in France, where Accor held […]

OMV Petrom has published its financial results for the first nine months of 2024, showcasing a solid performance despite a challenging market environment marked by price volatility and increased regulatory pressures. The company recorded an operating result, excluding special items, of 4.8 billion RON. This figure, though lower than last year, reflects OMV Petrom’s resilience […]

SARMIS Capital, a leading investment fund focused on Romania and neighboring countries, has acquired a majority stake in MG-Tec Industry, one of Romania’s largest independent tissue paper producers. This acquisition, which has received all regulatory approvals, aims to provide the strategic and financial backing necessary for MG-Tec Industry to solidify its position as a regional […]