The state-owned company Transgaz announced to investors that the full subscription of the shares issued by Petrostar S.A. for the increase of the share capital by the amount of 4.5 million lei, reaching 8.8 million lei, has been completed. Following the increase of the share capital, Transgaz came to own 51% of the company. The increase was achieved by issuing a number of 57,217 new registered shares, each share having a nominal value of 79 lei/share. Thus, the total number of shares of Petrostar S.A. is 112,190 shares. “Following this transaction, the total number of Petrostar S.A. shares is 112,190, with Transgaz holding a 51% stake in the company’s share capital, equivalent to 57,217 shares. Petrostar S.A. is one of the oldest and most prominent companies in Romania, operating in the fields of research, technological engineering, and design for the oil and gas extraction industry. The acquisition is part of Transgaz’s development strategy, aiming to expand its operational capabilities in support and auxiliary services for energy infrastructure, generate additional revenue from activities related to natural gas transmission, and capitalize on the complementarity between the business areas of Transgaz and Petrostar,” says Tranzgaz in a press release. Petrostar S.A. was founded 32 years ago and is operating in the field of research, technological engineering and design for the oil and gas extractive industry. In 2023, it recorded a turnover of 17 million lei and a profit of 167 thousand lei. According to data from Termene.ro, before the company was taken over by Transgaz, the sole shareholder was an association of individuals. One of them is the USR de Prahova deputy George Nicolae Marussi, who is also a partner and administrator. Marussi is currently a deputy, and in the period 2016-2020 he was a senator.
The Romanian Parliament's Chamber of Deputies greenlit a request from opposition parties Alliance for the Union of Romanians (or AUR), SOS Romania, and the Party of Young People (or POT) to establish an inquiry commission into the October 17 explosion at the residential building in southern Bucharest. Three people died in the blast, which was […]
Two new studies centering on Romanians’ purchasing habits in connection with the yearly discount event known as Black Friday show a starkly different image compared to previous years. The findings suggest Romanians traded impulsivity for strategic planning. According to the latest Cargus survey conducted among 1,036 urban respondents, seven in ten Romanians are tracking desired […]
Colorful foliage, tranquil surroundings, and plenty of nature to explore: from mountain towns to wine-country escapes, we've selected below several options for an autumn break. Buzău Land This area, located in the southeastern part of the country, in the Carpathian bend, has been a UNESCO Geopark since 2022. It's a completely rural area that offers […]
Beyond Business School, founded by serial entrepreneurs Andra Ghibuțiu and Grégoire Vigroux, today announced the launch of the 3rd edition of its executive program in Bucharest. Designed for ambitious professionals ready to accelerate their careers, the program combines internationally accredited courses, hands-on business training, and direct access...
The sound of jazz will once again fill Oradea this November as the ORA Jazz Festival returns for its sixth edition, bringing together artists from across Europe and beyond. The festival will take place between November 14 and 16 at the Oradea State Philharmonic and the Sion Neolog Synagogue. This year’s edition features performers from […]
Allianz-Țiriac Asigurări announces the appointment of Codruța Furtună, currently Sales and Distribution Director, as Deputy Chief Executive Officer. The nomination has been approved by the Financial Supervisory Authority (ASF) and will be registered with the National Trade Register Office. Codruța Furtună will continue to oversee the Sales and Distribution area in Allianz-Țiriac, playing a key […]
