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Managers of Pillar II mandatory private pension funds and Pillar III voluntary private pension ones will be able to invest up to 10% of assets in mutual funds, from 5% at present, in line with a draft government emergency ordinance, which also stipulates taking into consideration life-cycle-type funds.
Eurowind Energy Romania, a major developer of clean energy projects operating on the local market since 2011, confirms the development of a wind power project in Botosani county, which aims for installed capacity of around 1,200 MW, thus positioning Romania as a potential renewable energy exporter in the region.
British manufacturer of laser detection and protection systems Sentinel Photonics is expanding on the East European defense and security market via an agreement with Romanian company StarC4SYS, designated as an official sales partner.
Over 2 million applications have been registered on eJobs.ro since the start of 2025 for the almost 50,000 jobs posted on the platform, resulting in an average of 45.4 applications/job, up 15% from the same period of 2024, reveals an eJobs analysis.
ROCA Industry, Romania’s first industrial holding, specialized in building materials, plans to add new companies to the group, namely 8-10 medium-sized building materials ones, to aid Romania industrialization.
Kifra, a linen, home and car perfume producer of Oradea, has come to send its fragrances across Europe.
US-held Ingredion will buy 49% in AGFD Tandarei (Ialomita County, southern Romania) from Agrana Stärke, a subsidiary of Austria’s Agrana Group. The deal is subject to approval by competition authorities.
Entrepreneurial company Aquila (AQ.RO), one of the largest actors in the fast-moving consumer goods distribution business in Romania and in the region, notified the Bucharest Stock Exchange of having completed the acquisition of Kitax Kft in Hungary.
Real estate developer Hagag Development is reopening the Stirbei Palace on Calea Victoriei in Bucharest, turning it into „the first luxury department store in Romania”. The opening is scheduled for the second half of 2025.
EY’s Strategy and Transactions and Transaction Tax teams from Romania and Bulgaria provided Morphosis Capital with financial and tax due diligence services for the acquisition of a minority stake in Bulgaria’s EnduroSat, a leading European provider of high-end satellites and space services.
Trade between Poland and Romania has increased significantly to EUR11.05 billion in 2023, up 27% against 2020, and is expected to exceed EUR14 billion for the 2024 fiscal year.
Romania's Competition Council has authorized the transaction by which MB Beteiligungs GmbH plans to acquire the companies Plantextrakt SRL and Plantmed SRL.
Swiss-based energy company MET Group, headquartered in Switzerland, has started the construction of an 80 MWp photovoltaic (PV) solar project in Romania's southern commune of Rascaeti, Dambovita County.
Investment and asset management firm Solida Capital has acquired the Victoria Center office building, located in downtown Bucharest, from Manova Partners.
Industrial production prices for the total (domestic market and non-domestic market) inched 0.1% lower in January 2025 compared to January 2024, and rose 0.5% compared to December 2024, data from the country's statistical office INS showed on Tuesday (March 4, 2025).
Romania’s unemployment rate stood at 5.5% in January 2025, lower by 0.2 percentage points than the 5.7% rate recorded in December 2024, data from the country’s statistical office INS show on Tuesday (March 4, 2025).
UCM Resita, a company taken over last year by Hidroelectrica, for 2024 reported RON5.55 million turnover, down 85% from 2023. However, the company switched to RON20.5 million profit, from RON12.4 million losses in 2023.
Liberty Galati, the largest integrated steel producer in Romania, has announced it would enter an agreement with creditors amid political upheaval, the new tariffs imposed by the US over steel imports and the lack of real steel industry protection moves at EU level, considering this is the best form to stabilize its business.
E.ON Energie Romania, part of German group E.ON, in 2024 completed and delivered 34 photovoltaic plants to a similar number of partner companies, with the total value of projects reaching almost EUR10 million.19531 items