The state-owned company Transgaz announced to investors that the full subscription of the shares issued by Petrostar S.A. for the increase of the share capital by the amount of 4.5 million lei, reaching 8.8 million lei, has been completed. Following the increase of the share capital, Transgaz came to own 51% of the company. The increase was achieved by issuing a number of 57,217 new registered shares, each share having a nominal value of 79 lei/share. Thus, the total number of shares of Petrostar S.A. is 112,190 shares. “Following this transaction, the total number of Petrostar S.A. shares is 112,190, with Transgaz holding a 51% stake in the company’s share capital, equivalent to 57,217 shares. Petrostar S.A. is one of the oldest and most prominent companies in Romania, operating in the fields of research, technological engineering, and design for the oil and gas extraction industry. The acquisition is part of Transgaz’s development strategy, aiming to expand its operational capabilities in support and auxiliary services for energy infrastructure, generate additional revenue from activities related to natural gas transmission, and capitalize on the complementarity between the business areas of Transgaz and Petrostar,” says Tranzgaz in a press release. Petrostar S.A. was founded 32 years ago and is operating in the field of research, technological engineering and design for the oil and gas extractive industry. In 2023, it recorded a turnover of 17 million lei and a profit of 167 thousand lei. According to data from Termene.ro, before the company was taken over by Transgaz, the sole shareholder was an association of individuals. One of them is the USR de Prahova deputy George Nicolae Marussi, who is also a partner and administrator. Marussi is currently a deputy, and in the period 2016-2020 he was a senator.
President Nicușor Dan, currently on holiday with his family in the Romanian mountains, appealed to Romanians to spend their holidays in the country. In a video posted on social media, he said that the most beautiful places he visited are those in Romania. “The most beautiful places I have visited with my family are those here, […]
Romania saw an increase in newly established companies that far exceeded the EU average in the second quarter of 2025, according to data published on Monday, August 18, by Eurostat. According to these data, from the first quarter to the second quarter of 2025, the largest increases in the establishment of new companies...
A new interactive map is bringing Romania’s street art scene into focus, documenting murals and urban art interventions across major cities and smaller towns. The Romanian Street Art Map highlights works from Bucharest, Cluj-Napoca, Iași, Timișoara, Sibiu, Constanța, Brașov, Craiova, Ploiești, Bacău, Reșița, and even seaside destinations such as Vama Veche, offering both locals and […]
Bucharest will see extensive traffic restrictions on August 31 as the capital hosts the fourth edition of L’Étape Romania by Tour de France. Several major boulevards and central streets will be closed between 07:00 and 14:00 to allow more than 2,500 cyclists to take part in the event, the organizers said. The closures will affect […]
BT Arena, in Romania’s Cluj-Napoca, is set to host a disco and eurodance blast from the past with internationally famous bands during the DISCOTECA ‘80-’90 event in September. Vengaboys, Blue, Mr. President, 2 Unlimited, Bonnie Tyler, Boney M with Liz Mitchell & Band, Samantha Fox, Sabrina, and others will take the stage during the third […]
Districts 2, 3, and 4 in Bucharest are without hot water as of the time of writing due to a major breakdown that occurred on Sunday, August 17, on a main pipeline of the city's public heating system. The pipeline is located in central Bucharest, at the intersection of Mihai Bravu Road with Splaiul Unirii, under […]
