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Hagag Europe, an Israeli company active in the Romanian market, has announced the acquisition of a local natural gas infrastructure company, following years of initiating real estate projects.
The acquired company has already won 55 out of 63 tenders for laying gas pipelines, with an expected cumulative operating profit of over €150 million by 2035.
Meanwhile, the Romanian government is planning to invest $13 billion in developing the country’s gas infrastructure.
The Israel–Romania Chamber of Commerce and Industry welcomes this move and will be glad to assist Israeli companies in identifying opportunities in Romania’s growing and dynamic market.
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