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The Ministry of Finance has launched a public consultation on a draft scheme for state aid totaling 5.3 billion lei (approximately €1.05 billion). The initiative aims to strengthen the manufacturing sector by financing investments in economic sectors that currently rely heavily on imports.
“This new program, worth over €1 billion, marks the transition from an import-dr...
Otokar, Türkiye’s leading exporter of land systems and a strategic supplier to NATO and the United Nations, has announced the signing of an agreement to acquire Automecanica S.A. and its production facility in Mediaș, Romania.
The completion of the transaction is subject to obtaining local regulatory approvals. Through this investment, Otokar takes a significant step i...
AnimaWings, a 100% Romanian full-service airline, has announced the signing of a strategic agreement for the local aviation industry. BT Asset Management SAI, part of the Banca Transilvania Financial Group, Winners Holding Investments, and EVERGENT Investments are joining as institutional investors.
The new investors create the potential for accelerated growth of the c...
OMV Petrom announced its financial results for the first quarter of 2026. The company recorded a net profit of 1 billion RON, down 4 percent in Q1, according to a company report.
Christina Verchere, CEO OMV Petrom: “In an exceptionally volatile first quarter, our assets delivered strong performance, with the refinery and power plant running at high levels. Their r...
BCR announced its financial performance for Q1 2026, recording a net profit of RON 602 million (EUR 118 million). The result was supported by continued growth in customer business volumes across key segments, despite a challenging market environment.
Operating result reached RON 1,044 million (EUR 205 million) in Q1 2026, marginally below the level of Q1 2025. This evo...