SOCAR, the State Oil Company of Azerbaijan Republic, has opened five new gas stations within the past week and plans to continue expanding its network nationwide which now has 25 units. Of those five, four are located in Moldavia region, where most if SOCAR’s filling stations are concentrated, the other one being located near Bucharest – the first one in the area, an investment worth about 1 million euro....more »

The medical services operator will run this year a new regional development program, in this respect having established an investment budget of some 6 million euro. Also, after revenues of 72 million euro and an operating profit of 10 million euro last year, the company anticipates a turnover between 81 - 83 million euro corroborated by a operating profit 20 percent higher than last year....more »

After about one year from the beginning of the construction works, Macromex’s Edenia Distribution Center will become operational this April, once the trial period ends. The logistic center is located in Campia Turzii, Cluj County, a key-location allowing deliveries in Romania as well as throughout Europe in approximately 24h, according to a media release....more »

The Austrian-based sugar producer company, which operates in Romania through its subsidiary, Agrana Romania, announces that has reached an agreement with Lemarco, a domestic sugar producer, for acquiring the latter’s plants in Urziceni and Liesti, Ialomita and Galati County, respectively. The agreement is, though, subject to approval of the competent anti-trust authorities....more »

Following the progress recorded since its privatization in September 2013, Aversa Manufacturing, Romania’s single centrifugal pumps manufacturer, plans to extend its operations this year when aims to build a new plant. The facility, supported by an investment of 15 million euro, will have an area of 25.000 m2 and will include 3D design technology, higher-performance equipment so as to increase efficiency and lower the production costs, is stated by a press release sent towards Govnet....more »

Having the Memorandum with the Government approved, Rompetrol announces it is ready to start investing again in Romania. The first step in this regard will be the purchase of the 26.7 percent of Rompetrol Refinery shares for the amount established through the arrangement with the Executive - 200 million dollar will be transferred into the state budget once the legal procedures relative to the privatization of the oil company are finalized, a press release informs....more »

SOCAR, the State Oil Company of Azerbaijan Republic, announced an increase worth about 35 million euro of the social capital of the Romanian-based company it controls – SOCAR Petroleum SA. The transaction is meant to support the development policy of the oil company which has been fully taken over by Azeri group recently, after acquiring the remaining 10 percent of the shares owned by the Romanian shareholder....more »

German concern Daimler which operates in Romania through Star Transmission inaugurated yesterday a new gearbox drive assembly unit in Sebes, Alba County. The production in the new plant is destined to Mercedes-Benz cars, the company spending nearly 40 million euro on this investment...more »

The Irish oil and gas exploration company established for 2014 a 27 million dollar investment budget for petroleum explorations in Romania’s Black Sea area where it operates. Petroceltic International continues, therefore, its investment in Romania after spending other 20 million dollar last year, yet without effective results since the South Cobalcescu-1 exploration well drilled in 2013 did not encounter commercial quantities of hydrocarbons...more »

Emerging Europe Accession Fund (EEAF) became the major shareholder of Nextebank, the Romanian subsidiary of MKB Bank Zrt Hungary after the banking group sold its entire majority participation. The purchase agreement was signed on December 31, 2013 however the closing of the transaction, whose amount has not been disclosed, depends on the approval from Romania’s Central Bank...more »