Purcari Wineries has signed documentation to acquire Serve Ceptura, pending corporate and regulatory approvals including clearance from Romania's Commission for the Examination of Foreign Direct Investments.
Maspex Romania has submitted documentation to the Romanian Financial Supervisory Authority (ASF) for a voluntary takeover bid of a majority stake in Purcari Wineries.
Domeniile Ostrov currently owns 1,200 hectares of vineyards located in the wine region between Ostrov and Constanța.
Harvesting began earlier in August due to intense heat, and the weather conditions led to accelerated ripening of the grapes.
Romania exported €952 million worth of agricultural and food products to Italy, down 6.2% compared to 2022, Italy being the top destination for Romanian exports in this category.
Tetra Pak and Mega Image, together with partners Maspex, Tomra and Brai Cata, have expanded Europe's first pilot project for collecting carton packaging for beverages and dairy products by installing 12 additional reverse vending machines (RVMs) in Bucharest and surrounding areas.
Romanian restaurant operator City Grill Group has announced a €7 million investment in a new production facility for its ready meals range in Buftea, Ilfov County.
Rețele Electrice Romania, part of the PPC group in Romania, has completed modernisation works for the Obor Station, one of the most complex electricity distribution stations in Bucharest.
AI has become increasingly embedded in employees' day-to-day work over the past year. More than 48% of employees see AI as a tool that simplifies their work; however, many remain concerned about the broader implications of its growing integration, according to a survey conducted by Genesis Property early this year, on a sample of 1,146 employees.
Romania continues to record the highest rate of road traffic fatalities in the European Union, according to the latest figures released by Eurostat.