MOL has also signed a Memorandum of Understanding with SOCAR to evaluate further potential cooperation opportunities in the area of hydrocarbon exploration in Azerbaijan.
Romania is making gains expanding its renewable energy capacity, recording an increase in the number of projects that are fully permitted for development.
The European Investment Bank (EIB) is committing up to €30 million to co-finance a major onshore wind farm project in the eastern part of the country, near the Black Sea coast.
Rail logistics provider ÖBB Rail Cargo Group is relocating its office to Business Garden Bucharest. Vastint Romania has secured the new lease with the group.
OMV Petrom has finalized a transaction with NewMed Energy Balkan to advance exploration in the Han Asparuh offshore block in Bulgaria.
Trinity Investments Management has officially launched on Wednesday, becoming the first private equity fund in CEE dedicated exclusively to the food sector.