Retele Electrice Muntenia, part of the PPC Group, formerly named E-Distributie Muntenia, launched, through the public procurement information system, a procurement procedure for the modernization of several medium voltage lines in the area of Balotesti, Ilfov County, which will engulf over RON162 million.
Nearly half (47%) of respondents continue to be optimistic about the future, as per the latest EY Future Consumer Index (FCI), which surveyed more than 23,000 consumers across 30 countries – despite concerns about rising living costs (73%), climate change (63%) and geopolitical tensions (51%).
OMV Petrom, the largest integrated energy producer in Southeast Europe, will invest approximately EUR750 million at Petrobrazi to transform the refinery into the first major producer of sustainable fuels in the region.
A team of PwC Romania consultants specialized in deals and D&B David si Baias lawyers have assisted the founder of travel agency Litoralulromanesc.ro, Ionut Nedea, in selling the company to Szallas Group, part of Polish group Wirtualna Polska Holding.
More than 16,000 companies shut down after the first four months of 2024, almost 3,000 more than in the previous year, marking a 12-year high, reveals a Sierra Quadrant analysis.