Fluor Corporation (NYSE: FLR) and its joint venture partners have taken a significant step in the global clean energy transition by securing a limited notice to proceed (LNTP) for the design of Units 3 and 4 at the Cernavoda Nuclear Power Plant in Romania. EnergoNuclear S.A., a subsidiary of SN Nuclearelectrica S.A., awarded the contract […]
Italy’s UniCredit has successfully completed its acquisition of a majority 90.1% stake in Alpha Bank Romania, a strategic move that solidifies its position as a leading banking force in Eastern Europe. This deal, which also involves Alpha Services and Holdings, is set to elevate the combined entity to the third-largest bank in Romania, commanding a […]
Firstsource Solutions Limited, a global provider of business process services (BPS) and a key player in the retail and eCommerce sectors, has announced its acquisition of Ascensos, a UK-based customer experience outsourcing provider. This deal, aimed at reinforcing Firstsource’s strategic expansion into the retail industry, also strengthens its nearshore and multi-lingual service capabilities. The acquisition […]
Torrential rains have unleashed catastrophic floods across Romania, leading to the evacuation of over 100 people and resulting in at least five fatalities. In the hardest-hit regions of Galați and Vaslui, emergency services are scrambling to rescue those stranded in their flooded homes. The flooding, considered among the worst in nearly three decades, has devastated […]
Shares of Gravita India Limited jumped 9% to Rs 2,538 on 13 September 2024, following an announcement of a major expansion into Europe. The surge in trading volume came after Gravita revealed plans to acquire its first recycling plant in Romania through its subsidiary, Gravita Netherlands BV. This strategic move is part of Gravita’s effort […]
Evoke (LSE: EVOK), a leading global betting and gaming company, has taken a significant step in bolstering its presence in the Romanian market with the acquisition of New Gambling Solutions S.R.L. (“NGS”), the operator behind Winner.ro, one of Romania’s top online betting platforms. The €10 million transaction, structured on a debt-free, cash-free basis, grants Evoke […]
Rezolv Energy, an Actis-backed independent power producer in Central and Southeastern Europe, has reached a significant agreement through its subsidiary First Looks Solutions S.R.L.. The company signed a 10-year Virtual Power Purchase Agreement (VPPA) with Bekaert, a global leader in steel wire transformation and coating technologies. This landmark deal, one of the largest Power Purchase […]
Alstom, a global leader in smart and sustainable mobility, has entered into a significant contract with the Romanian Railway Reform Authority (ARF) to deliver 16 Traxx 3 MS electric locomotives and provide 20 years of maintenance services, totalling around €150 million. The contract extends Alstom’s collaboration with ARF in the rolling stock sector and includes […]
HCLTech, a renowned global technology company, has announced the inauguration of its new Global Delivery Center (GDC) in Iasi, Romania. This latest addition to HCLTech’s global network represents a significant expansion of the company’s presence in Romania, aligning with its nearshore strategy to better serve global clients. State-of-the-Art Center Focused on Next-Generation Solutions The Iasi […]
DXC Technology, a Fortune 500 global technology services leader, has announced its support for the Polish Payment Standard (PSP) in expanding its mobile payment system, BLIK, into Romania and Slovakia. This initiative will see DXC modernizing and adapting the BLIK central system to align with payment standards in the two countries, ensuring compatibility with the […]