The project will be developed on a total land area of 65,000 sqm and will comprise 140 villas with a total built-up area of 32,000 sqm.
Oil major OMV Petrom closed 2025 with a net profit of approximately €620 million, down 27% compared to the previous year.
HempFlax Netherlands, a large cultivator and processor of industrial hemp, has announced plans to sell its extensive agricultural portfolio.
Romanian private healthcare group MedLife has completed the full acquisition of the Medstar group of clinics in Cluj-Napoca.
Greenvolt Power has secured €58.5 million in project financing from Erste Group Bank and BCR for a 49.8 MW onshore wind project in Săcele, in the Dobrogea region of south-eastern Romania.
Romanian drilling company Foraj Sonde Videle has secured a framework contract worth approximately €132 million from Dalkia France, part of the EDF Group, for geothermal drilling services over three years.