Category: Uncategorized

Romanian lender Banca Transilvania said it granted the “largest financing in its history and in the local bilateral financing market” to Pavăl Holding for the acquisition of Carrefour’s local operations. The value of the financing was not disclosed. Upon announcing the sale earlier this year, Carrefour said the transaction was based on an enterprise value…

Romanian manufacturer of electrical equipment and provider of EPC and IT services Electro-Alfa International (BVB: EAI) and the German-based SGB-SMIT Group, a manufacturer of distribution and power transformers, have completed and officially inaugurated the SGB-ALFA manufacturing facility in Botoșani, in northeastern Romania, following an investment of approximately EUR 20 million. The facility currently employs about…

TeraPlast has finalized the acquisition of the MASA polyethylene pipe manufacturing facility in Spain, previously part of Aliaxis, the company announced. The production facility is located in Okondo, northern Spain, approximately 20 km from Bilbao, and has an annual production capacity of 16,000 tonnes. It serves a solid customer base in Spain, France, and Germany…

Mihaela Hristea has been appointed general manager of PepsiCo East Balkans, following the promotion of Radu Berevoescu to general manager of PepsiCo East Europe, the company announced. Mihaela Hristea joined PepsiCo in 2023 as Senior Marketing Manager Beverages Romania, and was subsequently appointed Organized Trade Sales Director, East Balkans. She led the commercial strategy for…

E.ON Energie Romania said it would invest EUR 40 million in digital solutions over the next five years, including AI-driven projects to enhance customer interaction. Later this year, the company plans to roll out AI-powered virtual assistants on its E.ON Myline platform. Customers will have access to personalized, real-time information ranging from bill explanations to…

Sorin Grindeanu, the president of the Social Democratic Party (PSD), said on Wednesday, July 1, that he agrees to a government rotation agreement as long as PSD is the party taking over governing first, Hotnews.ro reported. PSD was part of a governing coalition alongside the National Liberal Party (PNL), the Save Romania Union (USR), and…

The documentary “Mountain Wanderers” (Hoinari prin Munți), directed by Cosmin Dumitrache, continues its journey after a remarkable debut and sets off on a national caravan that will bring the story of Dinu and Marlene Mititeanu closer to audiences across the country. From September 11, the film will be showing in Cinema City cinemas across Romania.…

A report published by the Bucharest Stock Exchange (BVB) on Tuesday, June 30, showed that approximately 71% of the provisions of the new Corporate Governance Code were fully applied, indicating a high level of compliance by listed companies with the new requirements.  At the same time, nearly 28% of responses indicated partial implementation or non-application…

President Nicuşor Dan published his asset declaration for the 2026 fiscal year on Tuesday, June 30, including a large section dedicated to the donations received during the presidential election campaign in 2025. Dan reported RON 1.28 million and EUR 167 in his current accounts, opened at Banca Transilvania, BCR, and Salt Bank. He also declared…

Romanian prosecutors reportedly detained Viorel Paşca, the man from Bihor County who allegedly exploited hundreds of vulnerable people under the cover of a humanitarian association, on Wednesday, July 1. Also detained were his wife, his three children, and Delia Păcală, the coordinator of the illegal care homes, as part of the same case, according to…