Business
The Romanian 19-station fuel distribution chain indirectly owned by Serbia's NIS, which is in turn controlled by Russian group Gazprom, has been sold, according to a NIS financial report cited by Economica.net. The identity of the buyer…
iulian ernst · 3 Aug · 1 min read
In a broad statement on Fitch's sovereign rating decision on July 31, Romania’s president Nicusor Dan unexpectedly announced that the broad political agreement on key national priorities included the adoption of the euro as national…
iulian ernst · 3 Aug · 2 min read
International rating agency Fitch on July 31 maintained its BBB- sovereign rating with a negative outlook for Romania, but only after the country “appealed and provided additional information to Fitch that resulted in a rating action that…
iulian ernst · 3 Aug · 3 min read
Romania is attempting to increase the flow through one of the Danube’s channels by eliminating a natural obstacle (a large rock) and obstructing another channel through controlled sinking of ships, with the final aim of keeping the…
iulian ernst · 3 Aug · 3 min read
Renewable energy solutions provider Scatec has signed an agreement to acquire the Urleasca onshore wind project in Romania from European renewable energy developer OX2.
Simona Fodor · 3 Aug · 2 min read
Cloud infrastructure provider Nscale will acquire AI software startup Anyscale, which has Romanian-born university professor Ion Stoica among its co-founders, in a transaction worth roughly USD 1.65 billion, according to a Bloomberg News…
Radu Dumitrescu · 31 Jul · 2 min read
BusinessNews from Companies
Against the backdrop of the ongoing operational disruption affecting Romania's National Agency for Cadastre and Land Registration (ANCPI), which continues to slow the completion of real estate transactions, North Bucharest Investments'…
Romania Insider · 31 Jul · 3 min read
Alimentation Couche-TardInc. (TSX: ATD) announced that it plans to acquire a controlling stake in Poland's largest convenience retailer Żabka Group (WSE: ZAB) in a deal valued at USD 8.6 billion.
Simona Fodor · 31 Jul · 2 min read
Romania is expected to promulgate four out of the six laws supposed to unlock EUR 5 billion of grants under the European Union’s Resilience Facility (RRF), after the Senate failed to endorse the Integrity Law on July 30, according to…
iulian ernst · 31 Jul · 4 min read
Business
Romania’s energy group OMV Petrom (BVB: SNP) on the morning of July 31 announced clean CCS net income attributable to stockholders of the parent of RON 1.13 billion (EUR 215 million, -12% y/y), lower but very close to the RON 1.18 billion…
iulian ernst · 31 Jul · 1 min read
Romania’s winter crops, including wheat, have largely avoided significant damage from the dry and warm weather in July, while maize and sunflower yields, although revised downwards, are still expected to remain above last year’s levels,…
iulian ernst · 31 Jul · 2 min read
Business
German group Rheinmetall said, in a response to Ziarul Financiar, that it is in “advanced talks” with the Romanian authorities for taking over Mangalia shipyard currently under bankruptcy procedures.
Irina Marica · 31 Jul · 1 min read