In the East European region, the aggregated construction outlook for next year has remained positive, only the trajectory has changed a little, according to the winter report of the Eastern European Construction Forecasting Association (EECFA).
Metinvest has completed the acquisition of ArcelorMittal Tubular Products Iași, located in eastern Romania.
Romania has officially joined the InvestEU Ukraine Export Credit Guarantee Facility, a joint initiative by the European Commission and the European Investment Fund (EIF).
While the Southeast European region is projected to maintain its 2024 activity levels, reduced optimism in Eastern Europe is largely attributed to a worsened forecast for Turkey, finds the latest report of the Eastern European Construction Forecasting Association (EECFA).
Pleso Therapy startup, the developer of a mental health app, has raised $1.2 million to bolster its European presence.
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).
Romania has achieved a significant victory at the International Centre for Settlement of Investment Disputes (ICSID) in Washington regarding the Bucharest-based Casa Radio project.
Foraj Sonde Videle has announced the acquisition of Raffles Energy, a British holding company that owns two Romanian energy companies active in natural gas and electricity production.
Econergy Renewable Energy has secured approximately €31 million in project financing from Kommunalkredit Austria to develop its 60 MW photovoltaic project in southeastern Romania.
Romanian software company Arobs Transilvania Software has completed the merger by absorption of five subsidiaries - Arobs Development & Engineering, Berg Computers, Nordlogic Software, Infobest Romania, and Centrul de Soft GPS.
The World Bank has significantly downgraded its economic growth projections for Romania this year, lowering expectations to 0.5% from the 1.3% forecast issued at the start of 2026.