OMV Petrom prepares exploration drilling in Bulgarian Black Sea block
Oil major OMV Petrom has started preparations for exploration drilling in Bulgaria's Han Asparuh offshore block, which is operated together with NewMed Energy.
Oil major OMV Petrom has started preparations for exploration drilling in Bulgaria's Han Asparuh offshore block, which is operated together with NewMed Energy.
Samsung Electronics has announced the appointment of Jaesung (James) Kim as President of Samsung Electronics Romania and Bulgaria (SEROM).
GTC reported rental revenues of €152 million in the first nine months of 2025, up 9% from €139 million in the same period of 2024. The increase followed the acquisition of a residential portfolio in Germany, which contributed €18 million, partially offset by a €4 million decrease after the sale of the GTC X and Matrix C properties.
Confidence is returning across CEE real estate markets, with investor sentiment shifting from cautious optimism to execution, according to Colliers. The region continues to demonstrate resilience, supported by moderating inflation, solid household consumption, and strong employment levels.
CEE recorded a 38% increase in real estate investments in the first three quarters of 2025, reaching over €7 billion across six major markets, according to Colliers' latest report.
In 2023, the EU spent €1.72 trillion on healthcare expenditure, equivalent to 10.0% of the EU's gross domestic product, according to Eurostat.
Industrial developer CTP reported net rental income growth of 15.4% year-on-year to €549 million in the first nine months of 2025. The company achieved like-for-like rental growth of 4.5%, driven by indexation and lease renewals.
CEE economies have been delivering solid GDP growth, outpacing many Western European peers despite external trade uncertainties and recent inflationary pressures, according to Colliers' latest report.
AG Capital has appointed Pavlin Petkov as CEO. Petkov brings over 25 years of international experience across the US, Western and Eastern Europe in private equity, insurance, banking, and pension fund management.
Industrial developer CTP has announced a new partnership with Singu, the operator of a cloud-based Computer-Aided Facility Management (CAFM) platform.
Industrial developer CTP said its gross rental income for H1 2025 reached €367.2 million, marking a 14.4% year-on-year increase, while signing 1 million sqm of new leases, an 11% increase compared to H1 2024.
Three out of four Romanians traveling abroad this summer have chosen Greece, Bulgaria, Turkey, or Italy as their destination, finds a recent CEC Bank survey.
OMV Petrom has purchased a 50% stake in the Gabare photovoltaic project in Bulgaria from Enery, set to become one of the country's largest solar installations.
The study reveals that 83% of Romanians have a plan for their upcoming vacation season. Only 6% do not intend to go on holiday, while 12% have yet to finalize their arrangements.
Travel tech company FlixBus is adding new international coach connections from Romania to Greece and bolstering existing routes to Bulgaria.
Romanian DIY retailer Dedeman, is set to further extend its national presence with the acquisition of approximately 6 ha of land near Vama Giurgiu, on the border with Bulgaria.
The biggest growth in Eastern Europe is foreseen in Bulgaria going into 2025, while the rest of the countries are projected to make side moves in the coming years, according to a report by the Eastern European Construction Forecasting Association (EECFA).
With Romania's full entry into Schengen, waiting times at the borders with Hungary and Bulgaria will be eliminated.
The European Commission welcomed the "unanimous decision" of the Council "to lift internal land border controls at the internal land borders with Romania and Bulgaria".
The expansion process is part of a strategy that has set ambitious goals for the future: the €50 million milestone is the next target.

Iulius Dan Plaveti has taken over as Chairman of the Board and CEO of Hidroelectrica starting 10 June 2026, with his mandate running until 7 November 2027.
The gap between European and Romanian agricultural economic pressures widened in Q1 2026.
More frequent heatwaves, rising energy costs and concerns about indoor air quality are changing the way Romanians choose climate control solutions.
Romania's annual inflation rate climbed to 10.85% in May from 10.71% in April, driven by rising costs across all sectors, according to data released by the National Institute of Statistics (INS).
Visual Fan has completed the energisation phase of its Full EPC BESS project in Teiuș, featuring a storage capacity of 120 MWh.