Premier Energy Group (BVB: PE), a leading energy provider in Southeast Europe and a listed company on the Bucharest Stock Exchange reports strong growth across its operations in 2024, with preliminary figures showing normalized revenue of EUR 1,263 million, marking a 45% year-over-year increase, and normalized EBITDA of EUR 103 million, up 14% compared to 2023. The fourth quarter saw an even stronger performance, with normalized revenue rising 65% year-over-year to...
Otokar, the defense systems division of Turkish industrial giant Koç Group, has entered into a joint venture with Romanian defense company Automecanica S.A. to locally produce COBRA II 4x4 armored vehicles for the Romanian Ministry of National Defence. The move marks a significant step in the implementation of the “1059 COBRA II ATBTU” project, a […]
Wages in Romania have seen a spectacular evolution after the country joined the European Union, with a notable rise in the last 8 years. In nominal terms, the average monthly net salary has more than tripled, from EUR 312 in 2007 to EUR 1,045 in 2024, according to analysts from the Romanian Economic Monitor (RoEM) – […]
Rompetrol Rafinare is set to restart its Low-Density Polyethylene (LDPE) unit at the Petromidia refinery in early May, following the completion of final technological tests. The unit had been shut down at the end of 2023 due to unfavorable market conditions. The company is investing USD 1.5 million in the reintegration of the LDPE installation, […]
The National Museum of the Romanian Peasant in Bucharest was reopened on Thursday, April 24, after an extensive consolidation and rehabilitation process that began in 2016. Structural, architectural, and installation works were carried out, and the total value of the investment, which included both the design and execution works, amounted to EUR 6.3 million. Museum […]
The Bucharest International Air Show (BIAS) is set to return in 2025 with a three-day edition, taking place from August 29 to 31 at Băneasa Airport – Aurel Vlaicu and Romaero. This year’s show promises to be bigger than ever, with a varied lineup of performances, exhibitions, and aviation experiences. The event kicks off on […]
The Bucharest National Opera House will host the fourth edition of the Bucharest Opera Festival this summer, from June 15 to 24. The event brings together ten different opera, ballet, operetta, and musical-rock productions from major Romanian opera houses and two international guests. Tickets for the festival are already available online and at the National […]
