Olvia Investments, a Cyprus-registered real estate investment company within the Island Oil Holdings group, is seeking to acquire Green Port Operator, a port logistics firm in Constanța, with plans to build a liquid products terminal in the Black Sea port,
The residential market in Bucharest and the surrounding Ilfov county showed signs of cooling in the first half of 2025, with the number of transactions down 10% compared to the same period last year. Despite the decline in sales, prices continued to rise, driven by high inflation, anticipated tax changes, and limited supply, according to […]
Inflation jumped by 2.7% in a single month in Romania in July, compared to June 2025, to an annual rate of 7.8%. Although food prices did not increase significantly, the removal of the electricity price cap on July 1 led to an average 61% increase in electricity bills, according to a report from the National […]
Romanian education trade unions are maintaining their warning of a general strike and possible boycott of the new school year after failing to secure concessions from the government during talks on August 11, Economica.net...
The Social Democratic Party (PSD) expressed several conditions to be met by the ruling coalition before it attends the coalition meetings, interim president Sorin Grindeanu announced on August 11 after a meeting of the party's leadership, Digi24...
Romanian engineering company Simtel has signed a EUR 19.1 million (USD 20.83 million) contract with Verbund Wind Power Romania, part of Austria’s Verbund group, to design, construct, and commission a 60 MWp photovoltaic park in Casimcea, Tulcea County. The project will be implemented over 15 months, followed by a 36-month performance guarantee period. Simtel will […]
Romania’s state-owned electricity producer Hidroelectrica has launched a RON 158 million contract for the construction of the Tudor Vladimirescu photovoltaic park in Brăila County, Energy Tehnologies & System documents show, as reported by Profit.ro. The 45 MW project has been...
