Category: Press-Releases

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 […]

Lidl România has announced a significant investment in education, contributing 265 million RON to the Teach for Romania program as part of their “Back to School” campaign. This amount, which represents an increase of 115 million RON compared to last year, will enable the expansion of educational initiatives across the country, aiming to provide quality […]

EVOLOR, a major player in Romania’s paint and varnish industry, has inaugurated a new high-tech production facility on the Oltchim industrial platform in Râmnicu Vâlcea. This investment, worth EUR 3 million, is part of the company’s strategy to enhance production capabilities and expand its market reach. In 2023, EVOLOR reported a turnover of 96.2 million […]

The American Chamber of Commerce in Romania (AmCham Romania) has released its “Priorities for Romania 2024-2028,” outlining key business recommendations to drive sustainable economic growth over the next four years. The report highlights critical areas for investment and reform, positioning Romania to enhance its competitiveness, attract more foreign investment, and modernize key sectors. AmCham emphasizes […]

CEC Bank, one of Romania’s leading financial institutions, reported significant growth for the first half of 2024, with a net profit of 279,8 million lei. The bank’s total assets saw a substantial increase of 35% compared to the same period last year, reaching 93,23 billion lei. The bank’s financial performance in the first six months […]

The Romanian-German Chamber of Commerce and Industry (AHK Romania) organizes during 24-25 October 2024 the conference Cities of Tomorrow. The event, now in its 12th edition, will take place this year in Oradea, having Oradea City Hall as partner, with the support of Bihor County Council and Visit Oradea. For the first time Cities of […]

SARMIS Capital has announced a major acquisition in Romania’s facility management sector, acquiring AEK Security, AEK Firefighters, and Deziclean. This strategic move solidifies its position as the largest player in the country’s integrated facility management market. The newly expanded entity now manages services across more than 15 million square meters of building space, generating an […]

The Ministry of Finance has achieved a significant milestone by securing over RON 3.2 billion (EUR 650 million) through the latest issuance of Fidelis government bonds, marking the largest public offering in the program’s history. The offering, held in August 2024, attracted RON 1.7 billion and EUR 311 million from retail investors, setting a new […]

Automobile Bavaria has achieved a historic milestone by becoming Romania’s first authorized Rolls-Royce dealer, marking the first time in the luxury brand’s 120-year history that an official dealership has been established in the country. This appointment reflects the growing significance of Romania’s luxury market and the increasing demand for premium automotive experiences. Named Rolls-Royce Motor […]