UniCredit and Alpha Services and Holdings have cemented their collaboration with a merger of their Romanian subsidiaries. This strategic move will establish the third-largest bank in Romania by total assets, a testament to Romania’s growing financial market. UniCredit Romania and Alpha Bank Romania, both recognized players in the corporate and retail sectors, will combine their […]
Tensions skyrocket as Romanian President Klaus Iohannis reveals that Ukraine’s neighboring attacks were executed shockingly close to the Romanian border. Russian drones have repeatedly struck Ukrainian infrastructure, and now, the danger looms “very, very close” to Romania, says Iohannis. Romania Denies Kyiv’s Claim of Russian Drones Detonating on Its Soil Fact or Fiction: Did Russian […]
In an audacious move that has global implications, Russia carried out a 3.5-hour drone attack in Ukraine’s Odesa this past Sunday. In a coordinated assault, the Russian military launched 25 Iranian-made Shahed drones, targeting the vital Danube River port infrastructure. The Ukrainian Air Force confirmed that its air defense systems shot down 22 of these […]
OMV Petrom and Romgaz have sanctioned a final investment decision (FID) for the development of the Neptun Deep gas project in the Romanian Black Sea. With an anticipated expenditure reaching up to €4 billion, this move marks a significant investment in the Romanian energy sector. Neptun Deep is considered the largest natural gas project in […]
Volante Technologies, a provider of cloud payments and financial messaging solutions, has forged an alliance with HCL Technologies (HCLTech) to drive modernization of payments to enable financial institutions to match with the fast-paced digital disruption occurring across the sector. HCL Technologies will integrate its engineering and digital services capabilities with Volante Technologies’ cloud-native payments solution […]
GlobalLogic, a Hitachi Group company, has agreed to acquire Fortech, a Romania-based software engineering services company, for an undisclosed price. Fortech provides digital engineering services such as architecture design, devops, software development, data analytics, and quality assurance with a specialization in the cloud, Internet of Things (IoT), and SaaS. The Romanian software services company also […]
European integrated energy company OMV Petrom is set to invest a total of €70 million for the modernization of the Petrobrazi refinery in Romania. Petrobrazi refinery has already €25 million of the earmarked investment and has completed the transportation of four coke drums to upgrade the refinery, which has a total crude oil processing capacity […]
Serinus Energy said that it has started the drilling of the Canar-1 exploratory well in the onshore Carei Basin in Romania. The Jersey-based upstream oil and gas company drilled the Canar-1 well to a depth of 1,600m to target three prospective hydrocarbon zones. Located on the northern flank of the Carei Basin, the Canar prospect […]
Lear Corporation, a Michigan-based automotive technology provider, specializing in seating and E-Systems, has acquired Thagora Technology, a Romanian firm which provides material utilization hardware and software technologies. The financial terms of the deal were not disclosed. Mihai Mitrica — Owner of Thagora Technology said: “This transaction provides Thagora with a unique opportunity to maintain the […]
Rock Tech Lithium has signed a non-binding memorandum of understanding (MoU) with the Romanian government to build a lithium hydroxide converter in the European country with an investment of around €400 million. According to the Canadian cleantech company, the MoU calls for cooperation and support for its search for a location for its project in […]