The future oil factory to be built in the Galati Free Zone by the Ukrainian-Swiss-Cypriot company SunPro Oils has received its construction permit from the Galati City Hall. According to Viata Libera, actual construction work—carried out by a company based in the commune of Vanatori—is expected to begin by the end of August and will take no more than 12 months to complete. The future oil factory in the Galati Free Zone, built by SunPro Oils, has received its construction permit, meaning that work will begin soon—especially since equipment has already started to arrive, announced Mayor Ionut Pucheanu on Facebook. “This is an investment by the company SUNPRO OILS, and the construction will be carried out by the Galati-based company QUANTUM CONSTRUCT. This means new jobs. And it’s not the only investment here—because there are around 50 active contracts in the Galati Free Zone with companies from various sectors,” Mayor Pucheanu added. The Cypriot-owned company SunPro, with production capacities in Ukraine, announced in 2023 that it would invest 20 million euros in an oil factory in Galati and create over 200 jobs. In 2023, Sunpro Oils SRL, the company through which the investment in Galati would be made, was owned by two Cypriot companies, Koksi Holding LTD and Erdigma Limited with 50% and 25% of the shares respectively, while the remaining 25% belonged to the Swiss holding company Genfield Investments AG. In the meantime, the Swiss from Genfield Investments AG transferred all the shares in the Romanian company Sunpro Oils to a limited liability company in Cyprus, which was among the founders of the local entity. As a result, Erdigama now controls 50% of the business, while the remaining 50% of the shares remain with Koksi Holding Ltd, an investment vehicle active in the markets of Ukraine, the Baltic countries, Cyprus and Hungary. Koksi, the business of Cypriot entrepreneur Oksana Kushnir, has in its portfolio, in particular, investments in real estate and in the production of energy-efficient technologies. Sunpro Oils, however, continues to be supplied with money from Cyprus, with a capital contribution of over half a million euros recorded in November. The Swiss company Sunpro supplies sunflower oil to 11 countries around the world, with production being ensured in a processing unit in the Odessa area, Ukraine.
Over a third of Romanians, around 35%, would vote for the opposition party Alliance for the Union of Romanians, or AUR, according to data from a CURS survey published on Sunday, November 2. A further 24% of votes would support the governing Social Democratic Party, or PSD. The two other parties included in the current […]
The Romanian government and one of the most important European arms manufacturers, Rheinmetall, signed a cooperation agreement regarding the construction of a powder factory on Monday, November 3. The value of the investment is EUR 500 million, and Romania may be able to secure EU funding for it through the Security Action for Europe program, which […]
More than twenty years after launching Flavours Group, Romanian entrepreneur Raluca Țeposu continues to shape Romania’s modern food and hospitality landscape through a mix of creativity, consistency, and care. What began in 2002 as a small catering company built on the simple idea that “food should be about joy, connection, and good energy” has evolved […]
North Bucharest Investments (NBI), a real estate investment and management company, reports a transaction volume of €161 million as of the end of October 2025. By the end of the year, the company anticipates a 25% increase compared to the average level of the reporting period, driven by sustained investor interest and new investment packages […]
Cambridge School of Bucharest (CSB), one of Romania’s leading British international schools, is delighted to announce its Open Days for Admissions for the 2026–2027 academic year, to be held on Wednesday, 19 November, and Friday, 21 November 2025, at its modern campus in Pipera. The Open Days provide prospective families with the opportunity to explore […]
Romania signed a Memorandum of Understanding regarding military cooperation with Egypt on Sunday, November 2. The understanding includes exchanges of expertise, joint exercises, and concrete projects in the field of defense. After the signing, defense minister Ionuț Moșteanu said that among the topics discussed with counterpart Abdel Mageed Ahmed Abdel Mageed Saqr were the security […]
