Category: Uncategorized

Romanian energy group Electrica signed on Monday, August 24, a contract to develop a new high-efficiency cogeneration plant in Craiova, designed to supply both the city’s district heating system and the national electricity grid. The natural gas-fired facility will be hydrogen-ready and capable of restarting independently during a power outage. The plant will have an…

The first Romanian companies have been admitted in principle for financing under the SME Eco-Tech programme, with successful applicants now receiving notifications and being required to contact their selected credit institution within five days, according to interim minister of economy Irineu Darău, cited by Mediafax. The first stage of the programme, which involved selecting companies…

The Petrotel refinery owned by the Russian group Lukoil under US sanctions, under extended supervision by the Romanian state since February 2026, will enter insolvency, according to the decision confirmed on Monday, August 24, in a response to Mediafax. The Petrotel refinery’s activity was stopped in October last year for scheduled technical overhaul works, but…

President Nicusor Dan will resume efforts to unblock the talks among centrist parties for the wage Law on August 25, according to sources consulted by Economedia.ro, while G4media.ro cited minister of investments and European projects (MIPE) Dragos Pislaru expressing hopes for a last-minute agreement on the law that needs to be legislated by the end…

Several Romanian trade union federations will protest outside the Ministry of Labour on August 25, demanding an increase in the statutory minimum wage from January 1, 2027, and the resumption of collective bargaining at sectoral and national levels, according to the National Trade Union Confederation Cartel Alfa, as reported by Agerpres. The protest will bring…

Residents within a radius of approximately 300 meters were temporarily evacuated on Monday, August 24, after a drone was found crashed into a walnut tree near a house in Ciușlea, Vrancea County, Agerpres reported. The Defense Ministry later said the device carried no explosive payload and most likely belonged to a drone that had entered…

DN AGRAR Group (BVB: DN), one of the leading integrated agrifood companies in Romania and the largest dairy milk producer in Europe, closed the first semester of 2026 with a turnover of RON 90.3 million, EBITDA of RON 36 million and a net profit of RON 13.7 million.  The EBITDA margin stood at 40%, with…

Greenchem Romania, an AdBlue producer, part of Greenchem Holding controlled by Czech businessman and prime minister Andrej Babiš, is going to take over the assets of Romanian distribution companies Inovator Smart Choice, STD EST Logistic and AD Complex Logis, according to Economica.net, citing the competition body’s approval. Babiš’ group of companies already entered Romania in…

In the first six months of the year, Romania’s leading bank, Banca Transilvania (BVB: TLV), recorded a net profit of RON 2.5 billion, 26.8% above the level recorded in the same period last year, according to a press release. The BT Group’s assets reached RON 233.3 billion as of June 30, 2026, up 4% from…

Electro-Alfa International (BVB: EAI), a leading Romanian manufacturer of electrical equipment and provider of EPC and IT services, listed on the Bucharest Stock Exchange, reported consolidated total revenues of RON 364.3 million in the first half of 2026, up 18.1% compared to the same period of 2025. EBITDA remained resilient at RON 37.2 million, while…