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BSOG Energy, a Romanian energy firm wholly owned by Black Sea Oil & Gas SA, has entered into a partnership with Unigrains Trading, a local agricultural enterprise led by Theodor Ichim, to develop a biomethane and organic fertilizer production plant valued at over EUR 65 million, according to Ziarul Financiar. The agreement marks BSOG Energy’s…

After a deep plunge taken at the opening on April 7, Romania’s Stock Exchange has gradually recovered through the day, ending with a loss of 2.3% measured by the global index BET and even smaller declines posted by sectoral indices (-0.6% for the financial BET-FI index, -2.0% for the energy BET-NG index). Overall, the equity…

Romania’s retail sales index increased by 1.1% y/y in February, but this was the weakest growth rate since December 2023, while the seasonally-adjusted index (-0.9% m/m) was the lowest in six months, according to the statistics office INS. Romania’s February retail figures confirm broad expectations for a weaker advance of private consumption this year, dragged…

In line with expectations, Romania’s central bank BNR on April 7 kept the monetary policy rate at 6.5% despite slower economic growth, citing internal and external risks. The latest data and analyses point to a pronounced slowdown in quarter-on-quarter economic growth in 2025 Q1, implying an annual GDP growth rate relatively similar to that in…

Romanian car parts distribution group AD Auto Total, active since 1994 and posting a RON 2.2 billion (EUR 450 million) turnover in 2023, announced it will take over the Bulgarian peer Auto Hit, Profit.ro reported. A company with 100% Romanian capital and a player in the local auto parts distribution market, AD Auto Total has…

The consortium formed by battery manufacturer Prime Batteries Technology and the engineering and technical consulting firm Enevo Group, both of them Romanian, won a RON 80 million (VAT excluded) contract to build a power storage facility at Hidroelectrica’s (BVB: H2O) wind farm Crucea, Hidroelectrica announced in a note to investors. The facility should be commissioned…

The American group Greenbrier is closing its factory in Arad, which employs nearly 800 people. The group operates three factories in Romania, including Astra Rail Industries in Arad, a railcar manufacturer. The decision comes after “difficult and accelerated challenges on the local market,” first made explicit last year, when employees protested.  The American company now…

RPIA – the Romanian Photovoltaic Industry Association – is pleased to announce the organization of the EPC Masterclass: Business Growth & Innovation in Renewable Energy Projects, a workshop dedicated to the EPC sector, taking place as part of Green Energy Expo & Romenvirotec (April 9–11) at Romexpo, Bucharest. The event will be held on April…

Liberty Galați, the largest integrated steel producer in Romania, has appointed Cornel Moisescu as Head of Primary for Liberty Galați, part of its strategy to restart production operations and “ensure steel for the strategic economic sectors of Romania, including defense, shipbuilding, construction, and infrastructure,” it said. Cornel Moisescu will coordinate the Sinter Plant, Blast Furnace,…

The United States Immigration Service and the Romanian Ministry of Internal Affairs announced the establishment of a Transnational Criminal Investigative Unit, as agreed upon since 2023.  “Romania and the United States of America continue to strengthen their strategic partnership in the field of national security, with a focus on combating cross-border crime. For this purpose,…