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Romania’s largest natural gas producer, Romgaz, has awarded a EUR 226,000 consulting contract to Schlumberger, the world’s largest onshore and offshore drilling services company, to assist in repurposing its depleted gas fields into carbon dioxide (CO2) storage facilities, Economedia reported.  This initiative aligns with Romgaz’s 2021–2030 Development Strategy, specifically its decarbonization objectives, and supports the…

Călin Georgescu announced that if he is not allowed to run in this year’s presidential elections, he could back “someone from the sovereignist camp” and become prime minister. Speaking on a TV show on January 22, he said that talks for such a scenario are already underway, Digi24 reported. Georgescu says that he sees no…

The new factory that the local subsidiary of German group Knauf, Knauf Insulation, built central Romania at Târnăveni, began producing glass mineral wool in January 2025, the company announced on January 22. The factory will ensure an annual production of approximately 75,000 tonnes of mineral wool that will serve both domestic needs and other Knauf…

The mergers and acquisitions (M&A) market in Romania amounted to EUR 6.3 billion (USD 6.6 billion) in 2024, down 6% compared to the estimated value for 2023 (USD 7.1 billion), with the number of transactions being 10% higher (241), according to an E&Y analysis. Mega-deals excluded (there were two in 2023 and none in 2024),…

Camelia Ene, the former CEO of MOL Romania, has been appointed CEO of ROCA Industry, the Romanian holding company of construction materials manufacturers. Ionuț Bindea, who has been the CEO for almost three years, will serve as chairman of the board of directors of ROCA Industry. Furthermore, as Senior Investment Manager of ROCA Investments, he…

The going-out options include a variety of exhibitions and a selection of David Lynch films. In Bucharest: Four masterpieces of David Lynch January 23 – January 26 Cinemateca Eforie runs a program that pays homage to American filmmaker David Lynch, who passed away last week. The films that will be screened are The Elephant Man,…

Gold has been one of the most sought-after assets for centuries, and in the modern era, it has become a highly popular component of investment portfolios. A preferred asset for protection against economic risks, gold has delivered attractive long-term returns, increasing by approximately 8% per year over the past two decades. Since the end of…

JTI Romania is the Top Employer for the 12th year in a row, being ranked third amongst 44 companies locally awarded, after an assessment conducted by the Top Employers Institute. The company was rated for about 20 criteria such as leadership, talent acquisition, on-boarding, digital HR, work environment, career development, learning, ethics & integrity, diversity,…

Romanian defense minister Angel Tîlvăr stated that the contract for the Patriot system, which will replace the one ceded by Romania to Ukraine, is expected to be signed in February. The minister commended the decision of the United State government to approve the delivery of three Patriot systems to Romania. Raytheon stated it will collaborate…

Romanian companies are entering 2025 with cautious optimism, focusing on managing risks and controlling costs, according to the Deloitte 2025 Romania CFO Survey conducted at the end of last year among approximately 130 Chief Financial Officers (CFOs).  Most of the Romanian CFOs predict an increase in revenues for this year (58%), but their share has…