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.
Céline Gauer, the director general of the Recovery and Resilience Task Force (or RECOVER) at the European Commission, arrived in Romania on Tuesday, July 15, to meet with officials regarding the implementation of the National Recovery and Resilience Plan, or PNRR. As the coordinator of the PNRR, which offers funding in the form of advantageous […]
Aluminium producer ALRO, a subsidiary of Vimetco PLC from Cyprus, celebrated 28 years on the Romanian stock exchange (BVB) and 60 years of uninterrupted industrial activity. Its market capitalization has increased nearly 21 times since its listing and now exceeds RON 1 billion. The company’s history began with the first batch of Romanian aluminium, on June […]
Something is quietly shifting in Romania. In places where paperwork, patchy Wi-Fi, and long queues once ruled, change is starting to show. Towns are more connected, cities are getting smarter, and essential services are beginning to live online, not in line. A tidal wave of digitisation is common to other areas of the globe, that’s […]
Several segments in Romania's A7 and A8 highway projects have lost funding from the National Recovery and Resilience Plan (PNRR) due to project delays, the minister of investments and European projects, Dragoș Pîslaru, announced on Tuesday, July 15, as reported by Biziday.ro. He did not specify which segments of these highways were affected. The statement […]
Real estate developer Redport and businessman Dan Șucu officially inaugurated the showroom for their latest residential project, Vitality Est, and announced the start of construction work on the site near Pantelimon Park and Lake in eastern Bucharest. The project, estimated at EUR 50 million, will include 500 apartments and 400 square meters of commercial space. […]
According to an analysis from real estate consultant Colliers based on National Bank of Romania data, Romanians spent more than EUR 3 billion on international travel in the first four months of 2025, 15% more than in the same period of 2024. If the current pace continues, Romanians’ spending on foreign holidays and business travel […]
