The Finnish company Nokian Tyres, which invested 650 million euros in a tire factory in Oradea, announces that it is starting its first deliveries of tires produced in Romania. Winter and all-season tires are the first products to reach customers and consumers in Central Europe through Nokian Tyres distribution centers. The Oradea production facility is the world’s first CO2-free tire factory, where all energy generated comes from fossil-free sources. “This week marks the start of the delivery of tires produced at our Oradea factory. The first truck has already left, transporting the tires to our distribution centers and subsequently to customers and consumers in Central and Southern Europe. The factory, the first of its kind in the world with zero CO? emissions, will strengthen our ability to serve consumers and customers in Central and Southern Europe, as well as in other regions, thus supporting our growth strategy. We have reached this goal in less than two years since the start of construction, which is a remarkable achievement for us and I am extremely proud of the Nokian Tyres team, who have worked hard to make this possible. I also want to thank all the Romanian partners and officials who have supported us throughout this process,” says Paolo Pompei, President and CEO of Nokian Tyres. The recently launched Nokian Tyres Seasonproof 2 is the first passenger car tire range produced in the Romanian factory. The all-season tire range includes sizes for modern passenger cars, SUVs and CUVs available to consumers in Central and Southern Europe by autumn 2025. It is the company’s first tire in commercial production with such a high percentage of renewable and recycled materials. In the coming months and years, other new products made in Romania will be launched, aimed at drivers in Central and Southern Europe.
T2Y Capital, a financial investor specializing in growth capital with a focus on the energy sector and adjacent industries, announced it was investing in Prime Batteries Energy Holding, thus becoming the second-largest shareholder of the Romanian company with headquarters in Bucharest. T2Y Capital will take a seat on the Board of Directors and support Prime […]
More than half of Romanians (58%) are concerned about the country's economic situation, and inflation remains a central concern for one in five respondents to a survey conducted at the European level by Ipsos for ING Group in May-June 2025. The research analyzed the main concerns of Romanians in the context of the current economic […]
Vlad Micu has been appointed general manager and chairman of the Board of Directors of INNO Investments, a company of the Banca Transilvania Group specializing in the management of alternative investment funds. In his almost 30 years of experience, he has held various management positions in corporate banking, investment banking, trade finance, and business development […]
Measured in local currency, the wealth of citizens in Hungary increased the most in Europe last year, followed by Lithuania and Sweden. In Romania, the median wealth increased by 9.1%, but the long-term average wealth trend decreased, according to a recent report by the multinational investment bank UBS, cited by Euronews. Net wealth per citizen […]
Picture your ideal event - a special gathering that’s personal, elegant, and deeply memorable. Now imagine achieving this effortlessly, in a location meaningful to you, anywhere in Bucharest. JW Marriott Bucharest Grand Hotel brings its celebrated five-star hospitality beyond traditional boundaries, making truly refined occasions possible wherever your imagination takes you. At the heart of […]
The INVL Renewable Energy Fund I, managed by INVL Asset Management, signed a EUR 29.3 million loan agreement with Kommunalkredit Austria AG (Kommunalkredit). The loan will be used to finance the construction of solar power plants with 71 megawatts (MW) of capacity in Romania. This is the second loan by Kommunalkredit to the fund. In […]
