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.
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
