French construction material manufacturer Saint-Gobain said Tuesday it will invest EUR45 million in a second plasterboard production line at its factory in Turda, northern Romania.
The potential of renewable energy on the local market can become the engine of the decarbonization of the Romanian energy sector as long as public initiatives synchronize with business intentions, EY Romania said in a report Thursday.
Franchised store chain LaDoiPasi, developed by Germany’s METRO Cash&Carry, continues its expansion process, reaching over 1,470 proximity stores across Romania.
Romania currently has 1,000 EV charging stations besides its about 2,000 regular gas stations, ZF has calculated, in an attempt to analyze a very dynamic segment of the market, which is just beginning and lacks a centralized platform to monitor such investments.
Coal was used to generate 16.5% of Romania’s energy last year, which is unprecedented since the major thermoelectric plants in Oltenia used to account for more than 20% of the country’s energy mix.
Scandinavian furniture and home décor retailer JYSK will be opening a new store on April 1, in Oravita, reaching 97 units in Romania.
Dacia could take the step towards assembling hybrid and electric cars in Romania, as all European carmakers have already announced a concrete plan to go electric and discontinue use of conventional engines by 2030.
Huawei Romania want to employ over 200 people in 2021 for various IT&C positions at its headquarters and services centers in Romania, of whom approximately 20% will be from the new generation of graduates in the field.
Portugal’s EDP Renewables (EDPR), the third most important investor in green power in Romania, says new projects will only come if Romania decides how to handle contracts for difference (CfD), which guarantee investors an energy price for a set period of time.
Portland Trust, one of the most powerful real estate developers in Romania, says it plans to have a more than 500 MW solar park portfolio in the country and the first 131 MW project in Arges has already been approved by national grid company Transelectrica.
Azeri state-run oil company Socar Petroleum has opened two new gas stations, in counties Ialomita and Braila, reaching 63 units in Romania.
Italian utility group Enel, which owns electricity distribution companies E-Distributie Muntenia, E-Distributie Dobrogea and E-Distributie Banat, reported revenues of EUR1.39 billion in Romania in 2020, from EUR1.37 billion in 2019.
Higher education, water distribution, energy efficiency and private sector investment across Romania will benefit from more than EUR809 million of new financing from the European Investment Bank and European Investment Fund, EIB said in a press release Thursday.
European fashion platform Zalando plans to expand to Romania and Hungary in 2022, after tapping new markets in Croatia, Estonia, Latvia, Lithuania, Slovakia and Slovenia in 2021.
French retail groups Auchan and Decathlon will be testing their shop in shop concept in Romania, as Decathlon will sell some of its products in dedicated areas within Auchan hypermarkets.
TBI Bank, with main operations in Bulgaria and Romania and banking operations in Germany, Sweden, Denmark and Poland, is extending its presence in the region and entering the Lithuanian market.
Romania could see more than EUR2 billion investments in 1.4 GW of wind farms in the next five years, with the major companies in the green energy sector already seeking permits from grid company Transelectrica.
The volume of deposits per capita stands at more than RON24,000 in Bucharest-Ilfov, while the lowest volume is in Giurgiu County, RON2,160, 11 times less than in Bucharest, ZF has calculated from Romania’s central bank and National Statistics Institute data.
Novator Pharma SRL, which has been operating in Romania since 2018, has got its EUR4.8 million state aid application granted for an investment almost three times that amount, EUR13.7 million, a Finance Ministry list shows.