JT Grup Oil SA, active in the Romanian fuel distribution market, said on March 27 that it completed the first development phase of the JT Terminal project, a privately owned oil terminal in Romania’s Constanța Port. The investment in this stage was EUR 15 million, of which EUR 11 million represented AA POIM financing.
When completed, the JT Terminal will be the first private oil terminal developed in Romania in the last 50 years, the company said. The total investment of EUR 25 million...
Romanian swimmer David Popovici has won the gold medal in the 200-meter freestyle final at the World Championships in Singapore. The Romanian athlete won with a time of 1:43.53, ahead of American Luke Hobson (1:43.84) and Japanese Tatsuya Murasa (1:44.54). Popovici entered the race with the fourth fastest time in the semifinals. At the 2024 […]
Sociologist Marius Pieleanu, a familiar figure on TV sets in Romania, where he acts as a political analyst and commentator from his role as a professor at SNSPA, was recently accused of sexual abuse by former female students or women who entered his office. Their testimonies are included in an investigation by journalists at Snoop. […]
T2Y Capital, a financial investor specializing in growth capital with a focus on the energy sector and adjacent industries, announced it was investing in Prime Batteries Energy Holding, thus becoming the second-largest shareholder of the Romanian company with headquarters in Bucharest. T2Y Capital will take a seat on the Board of Directors and support Prime […]
More than half of Romanians (58%) are concerned about the country's economic situation, and inflation remains a central concern for one in five respondents to a survey conducted at the European level by Ipsos for ING Group in May-June 2025. The research analyzed the main concerns of Romanians in the context of the current economic […]
Vlad Micu has been appointed general manager and chairman of the Board of Directors of INNO Investments, a company of the Banca Transilvania Group specializing in the management of alternative investment funds. In his almost 30 years of experience, he has held various management positions in corporate banking, investment banking, trade finance, and business development […]
Measured in local currency, the wealth of citizens in Hungary increased the most in Europe last year, followed by Lithuania and Sweden. In Romania, the median wealth increased by 9.1%, but the long-term average wealth trend decreased, according to a recent report by the multinational investment bank UBS, cited by Euronews. Net wealth per citizen […]
