Category: Uncategorized

Romanian energy sector player Adrem announced an agreement to acquire a majority stake in Electroechipament Industrial Group (EEI Group), a Romanian company building energy infrastructure. The transaction is subject to the necessary approvals from the relevant authorities. Until all required approvals have been obtained, Adrem Group and EEI Group will continue to operate as entirely…

The BCR Romania Manufacturing PMI crossed into expansion territory for the first time in just over two years, reaching 50.1 in July vs 48.8 in June, according to the research note published by Erste Group. The expected drive from external demand is not yet visible, while the effects of high energy costs and the sluggish…

The Bucharest Court of Appeal has suspended five additional government decisions challenged by Romania’s opposition Social Democratic Party (PSD), bringing to 11 the number of decisions suspended after being referred to the court by the party, the government said on August 3, according to Hotnews.ro. The government said it would appeal the rulings, which prevent…

Romania’s Competition Council has fined Agrana Sales & Marketing GmbH, Agrana România SRL and Lucsor Impex SRL a combined RON 52.09 million (EUR 10 million) for an anti-competitive agreement to fix sugar prices on the Romanian market. Agrana Sales & Marketing GmbH and Agrana România, which the authority considers a single economic unit, were fined…

Romania’s Madrigal National Chamber Choir and the Brukenthal National Museum in Sibiu have signed a five-year strategic partnership to develop joint projects combining music and visual arts. The collaboration, running from 2026 to 2031, will include audiovisual productions, sound exhibitions, multimedia installations, educational programs, and international projects. The agreement was signed on Sunday, August 2,…

Automakers Dacia and Ford have temporarily halted production at their Romanian plants until August 19 for scheduled maintenance, a move that will also reduce electricity demand by around 200 MW as the country faces pressure on its energy system, interim prime minister Ilie Bolojan announced. Other major industrial consumers are also cutting consumption, while authorities…

Iași, a city in northeastern Romania, has decided to reduce its public street lighting following the nationwide state of alert declared in Romania’s energy sector on July 31 The street lighting is switched off after 24:00 in the city, except on hospital grounds, underpasses, and busy central areas such as the city’s Union Square, TVR…

Regional private equity fund BoldMind Capital Partners and the executive management team of Pall-Ex Romania, the Romanian operator of the international Pall-Ex franchise, have completed the acquisition of the palletized freight transport company through a leveraged buy-out (LBO) transaction valued at more than EUR 25 million. The transaction was financed through equity provided by BoldMind Capital…

State-owned nuclear power producer Nuclearelectrica said that it began importing electricity from Ukraine through Moldova’s state-owned energy supplier Energocom to help offset the loss of generation caused by the shutdown of Unit 1 at the Cernavodă nuclear power plant. The move comes as Romania faces reduced electricity production due to historically low Danube water levels…

Excellence is never the result of a single moment. It is built through thousands of thoughtful gestures, genuine connections, and an unwavering commitment to creating exceptional experiences, day after day. This year, that commitment has been recognized on the international stage, as JW Marriott Bucharest Grand Hotel has been nominated for some of the hospitality…