The distribution company Delgaz Grid has completed the construction and put into operation, at the end of December 2024, a new transformer station, Onesti Centru, through an investment of over 22.7 million lei, which will benefit over 31,000 customers in Onesti municipality and 39 other localities in the surrounding area. Consumers will benefit from better services by increasing the degree of continuity in the supply of electricity and the quality of the distribution service, while increasing the connection capacity for new consumers, prosumers and green energy producers. At the same time, the Onesti Centru station was powered at 110 kV, a voltage level that provides increased security in the supply of electricity to the area. The main works carried out were: 1.3 km of 110 kV network with two circuits, the station itself, with two power transformers and equipment specific to energy distribution at a voltage of 20 kV. Additionally, to increase the security of consumer supply, the necessary conditions were created for the connection between the Onesti Centru Station and the second unit of this kind in the municipality, the Onesti 35 Station. The equipment and technologies used are state-of-the-art, and the station is remotely supervised and controlled, being integrated into the SCADA (Monitoring, Control and Data Acquisition) system. The objective is part of a larger project, called “Modernization and integration into SCADA of the Onesti and Letea transformer stations, managed by Delgaz Grid” co-financed by the Modernization Fund, which also includes the modernization of the Letea transformer station near Bacau. The value of the entire project is over 100 million lei, of which approximately 67 million lei represents non-reimbursable co-financing from the Modernization Fund, and 34 million lei is the contribution of Delgaz Grid.
Vaunt, a Romanian real estate technology platform, is expanding into the United States after surpassing 80 clients and a transaction portfolio of nearly EUR 860 million. The expansion targets New York and Miami specifically. “Vaunt is a platform that helps real estate developers manage the sales process from the moment they receive the building permit until […]
IVF clinic Embryos, majority-owned by investment firm Integral Capital Group, has acquired the Oradea-based Calla Infertility Diagnostic and Treatment Center. The move is part of the development strategy of the network Embryos, which started in 2025 with the opening of a clinic in Buzău and the acquisition of Adella Clinic in Sofia, Bulgaria. The turnover […]
Romania has 56 companies included in the 17th edition of the Coface CEE Top 500 ranking, which shows how the largest companies in the region are navigating the current business landscape. The country climbed two positions from last year but remains underrepresented. The companies are ranked by turnover, analyzing additional indicators such as workforce size, business […]
Romania's Instant Factoring announced its participation in a cross-border securitization transaction valued at up to EUR 30 million. The move, the company said, "opens a new stage of growth for both Romanian fintech and the alternative financing market in Romania and Spain." The transaction involved the establishment of a securitization fund - Instant Factoring 2025-I, […]
Meta Estate Trust, a holding company active in the real estate sector and listed on the Bucharest Stock Exchange (BVB) under the symbol MET, announced that it signed the mandate agreement with its new Chief Executive Officer (CEO), Dan Petrișor. The appointment decision was made by the Board of Directors on October 31, and the […]
Former star coach Emerich Jenei, one for Romania's best, passed away on November 5, 2025, at the age of 88. He achieved the greatest performance of Romanian football: winning the European Champions Cup with Steaua București on May 7, 1986, in Seville, in the famous final against F.C. Barcelona. Emeric Alexandru Ienei (Imre Sándor Jenei) […]
