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.
The Dutch government expects to reimburse Romania for the golden helmet of Coțofenești and the three gold bracelets stolen from the Drents Museum in Assen in January of this year. The value of the reimbursement stands at around EUR 5.7 million, and the reimbursement was confirmed by the Dutch Ministry of Education, Culture and Science for […]
The fifth edition of the Jazz Cave Festival will take place in Vâlcea County, southern Romania, between August 14 and 17, bringing over 22 bands from Europe, Africa, and South America to perform on four stages. This year, the event will be held in three concept-zones. The underground stages INNERLAND and KIDS CORNER, the latter […]
Local authorities in Târgovişte, southern Romania, inaugurated the restored building of the former Cavalry School at the end of last week. The building is also where the trial and execution of the former communist leader Nicoale Ceaușescu and his wife took place in December 1989. Built between 1907–1910 in Neo-Romanian style, the former Cavalry School […]
A new national poll conducted by INSCOP Research between May 26–30 shows newly elected president Nicușor Dan leading the trust rankings among Romanian political figures, followed by former interim president Ilie Bolojan and far-right leader George Simion (AUR). According to the survey, 47% of respondents...
Dorin Bob, a Romanian entrepreneur from Transylvania with ventures in agriculture and real estate, has secured EUR 4.6 million in European funding to expand and modernize one of Romania’s largest hazelnut plantations. The funds will support the development of new hazelnut orchards in Satu Mare county, the conversion of an existing orchard, the installation of […]
Last week, the Bihor County Council approved the technical and economic indicators for the development of the Oradea metropolitan tram-train network, meant to offer an alternative public transport for residents of the metropolitan area. The project involves creating a metropolitan train network by modernizing disused railway lines. The new network will connect the city of […]
