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.
The Iran war continues without a clear end, and financial market participants are beginning to consider a scenario where the conflict extends over months rather than weeks, according to an Ebury analysis.
eMag Group has appointed Andreea Mihnea as Vice President of People, tasked with coordinating HR processes and operations across the group.
Romania will declare an emergency situation on the fuel market following a working group meeting convened by PM Ilie Bolojan to address surging costs.
Although 86% of organisations plan to increase their artificial intelligence (AI) investments, only 18% can fully leverage this technology, according to an Accenture report.
Digi Communications has officially entered the United Kingdom telecommunications market through a strategic acquisition in southern England.