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 agency plans to expand its team and reach a turnover of EUR 450,000 by year-end. June Communications (JUNE), a business-to-business PR and integrated communications agency, has appointed Bianca Caragea as its new Operations Manager. The step strengthens the agency’s management team as it enters a new stage of growth after seven years of sustained […]
The Babeș-Bolyai University of Cluj-Napoca (UBB) has established an endowment fund, which the institution described as a "strategic" financial mechanism aimed at supporting academic excellence and ensuring the long-term sustainability of university projects. The initiative is a first of its kind in the local academia, UBB said. The endowment fund involves attracting donations/financial resources and […]
Romanian authorities are reportedly considering imposing an access fee for the Transfăgărășan mountain road. The funds would be used for setting up decent parking areas, selecting merchants, and similar initiatives. The beautiful, winding road is one of the most visited tourist attractions in the country. Local authorities say the funds from an eventual toll would […]
Colombian reggaeton superstar J Balvin will perform in Dubai for the first time this November, headlining Untold, the globally recognized festival born in Romania. The event will take place from November 6 to 9 at Dubai Parks and Resorts, featuring more than 100 international acts across five stages. The festival is staged in partnership with […]
More than 17% of Romania’s population faced severe material and social deprivation last year, which was one of the highest shares in the EU, according to the statistical bureau of the European Union - Eurostat. In 2024, 6.4% of people in the European Union faced severe material and social deprivation, a slight decrease compared to […]
The Freedom and Respect for Every Earthling association will hold the March for Animal Rights in Bucharest on October 4, to mark International Animal Day. The march will start at 11 AM at the National Theater Park, and will go on to Piața Victoriei. Organizers say they aim to bring to the forefront the suffering […]
