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.
DRUID, the global company specializing in AI-based conversational solutions, has launched a virtual assistant for Dacia Romania, developed to understand and answer users’ questions with a human-like precision.
Travel agency Litoralulromanesc.ro, owned by local entrepreneur Ionut Nedea, which sells holiday packages on the Romanian seaside, has been acquired by Szallas Group, part of Polish group Wirtualna Polska Holding. The value of the deal stands at EUR21 million.
Metal tile roofing manufacturer Caretta, set up by entrepreneur Ciprian Marcu in Iasi, in 2024 bought a Craiova roofing plant from Polish producer Viking Pruszynski.
Telekom Romania Mobile has launched on Monday (June 10) the VoWiFi (Voice over WiFi) service that allows users to make and receive voice calls via a WiFi connection.
VOS Logistics Cargo, the local subsidiary of Dutch group VOS, ended 2023 with a turnover of RON492.2 million (EUR99.5 million), down 3.6% from nearly RON510.6 million (EUR103.5 million) reported in 2022, in line with calculations by Ziarul Financiar (ZF) daily, based on finance ministry data.