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.
Dacia Bigster has been included in the shortlist for the title of Car of the Year 2026, running against Citroën C5 Aircross, Fiat Grande Panda, Kia EV4, Mercedes-Benz CLA, Renault 4, and Skoda Elroq. To be included in the shortlist, the seven cars had to receive the approval of 59 jurors from 23 countries. Cars […]
Timișoara-born Jecza Gallery will open Fractal Topologies of Infinity, an exhibition that brings into dialogue the works of Constantin Flondor and Mirel Vieru, at Scânteia+ at Casa Presei Libere in Bucharest. The exhibition, curated by Maria Rus Bojan, marks the opening of the gallery’s permanent space in the capital. “This inauguration marks the beginning of a […]
A song with lyrics by Radu Gyr, an interwar poet connected to the far-right and antisemitic Legionary Movement, was performed on October 30 by the “Tronos Junior” Choir in Romania’s new National Cathedral. The incident led to numerous reactions and condemnations, but was rejected by the Church. The controversial event took place on the Day […]
Bistriţa, a city in northern Romania and a former Saxon burg, has been included in the UNESCO Creative Cities Network (UCCN), in the newly-established category of Architecture. This creative field adds to the seven existing ones: Crafts and Folk Art, Design, Film, Gastronomy, Literature, Media Arts, and Music. Bistriţa is one of 58 cities that […]
Real estate developers building residential projects in Bucharest’s District 1 will now be required to contribute financially to the construction of elementary schools in areas lacking educational facilities, the district’s City Hall announced on October 31, Profit.ro...
A bipartisan group of senior members of the United States Congress is preparing legislation to block the Pentagon’s plan to downsize the American military presence in Romania and other NATO outposts along the alliance’s eastern flank,
