Powered by Max Banner Ads Kazakhstan’s state oil company is planning a big push into Europe, as the fast-growing national champion expands downstream and pursues a greater share of the region’s retail petrol market. Daniyar Berlibayev, first deputy chairman of KazMunaiGas (KMG), said in an interview with the Financial Times in Astana, the Kazakh capital, that [...]
OMV Petrom, Southeast Europe's largest integrated energy producer, has awarded the engineering, procurement, construction, and commissioning (EPCC) contract for the Ișalnița solar project in Romania. The contract includes the construction of the photovoltaic park, the 110 kV power station for connection to the grid, as well as the operation and maintenance for a period of […]
Hamburg-based Garbe Industrial Real Estate GmbH, one of the leading providers and managers of logistics, light industrial, and technology real estate in Germany and Europe, just set up a new company in Romania. Under the leadership of CEE Managing Director Martin Polák and Country Head Andrei Jerca, the local subsidiary will expand its activities in […]
The “Avram Iancu” airport in Cluj-Napoca, Romania’s second busiest airport, recently started imposing an EUR 5 tax for each departing passenger. This measure is intended to financially support the airport's investments and development projects, as part of its long-term strategy, according to the airport's statement quoted by Boardingpass.ro. The development strategy includes...
One United Properties (BVB: ONE), Romania’s leading green developer of residential, mixed-use, and office real estate, recorded turnover of EUR 208.5 mln in the first nine months of 2024, an 11% year-on-year decrease. This marks the second time in the Company’s history that turnover has surpassed...
The City Hall of Bucharest began the installation of festive lights across the city’s main boulevards. The Municipal Public Lighting Company is reusing existing equipment this year too, alongside approximately 3,000 new luminous elements added to the collection. The display will feature over 4.3 million energy-efficient LED lights, selected for their low energy consumption and […]
Three other Romanian citizens have been confirmed dead after the devastating floods that hit the Valencia region roughly two weeks ago. According to the Ministry of Foreign Affairs (MAE), so far, a total of seven Romanians have died in Spain, and three are still missing. “The representatives of the Romanian Consulate in Castellón de la […]
