Industrial developer CTP has kicked off the construction of a 4,000 sqm extension for the iwis factory at CTPark Oradea City, which is slated for completion in 2026.
Romania has finalised a landmark contractual framework with German defence giant Rheinmetall for the construction of a new ammunition powder factory in Victoria, Brașov County.
BlackPeak Capital, a private equity firm focused on Southeast Europe, has made a growth equity investment in Affinity Life Care.
Starting August 1, Romania's new fiscal package increased the standard VAT rate from 19% to 21%. It also merged the 5% and 9% reduced rates into a single 11% rate.
Westlake Corporation, a global manufacturer of innovative materials and products, has announced its agreement to acquire the global compounding.
Romanian Agroland Group, specialising in retail, agribusiness, and food production, is set to receive a €15 million loan to expand its food division.