search icon
search icon
Flag Arrow Down
Română
Română
Magyar
Magyar
English
English
Français
Français
Deutsch
Deutsch
Italiano
Italiano
Español
Español
Русский
Русский
日本語
日本語
中国人
中国人

Change Language

arrow down
  • Română
    Română
  • Magyar
    Magyar
  • English
    English
  • Français
    Français
  • Deutsch
    Deutsch
  • Italiano
    Italiano
  • Español
    Español
  • Русский
    Русский
  • 日本語
    日本語
  • 中国人
    中国人
Sections
  • News
  • Exclusive
  • INSCOP Surveys
  • Podcast
  • EU
  • Diaspora
  • Republic of Moldova
  • Politics
  • Economy
  • Current Affairs
  • International
  • Sport
  • Health
  • Education
  • IT&C knowledge
  • Arts & Lifestyle
  • Opinions
  • Elections 2025
  • Environment
About Us
Contact
Privacy policy
Terms and conditions
Quickly scroll through news digests and see how they are covered in different publications!
  • News
  • Exclusive
    • INSCOP Surveys
    • Podcast
    • EU
    • Diaspora
    • Republic of Moldova
    • Politics
    • Economy
    • Current Affairs
    • International
    • Sport
    • Health
    • Education
    • IT&C knowledge
    • Arts & Lifestyle
    • Opinions
    • Elections 2025
    • Environment
134 new news items in the last 24 hours
  1. Home
  2. Current Affairs

Philip Morris International has invested over 1.1 billion dollars in Romania, mostly in the factory in Otopeni, converted for smoke-free products. Over 90% of production is intended for export.

Liviu Brăteanu
whatsapp
facebook
linkedin
x
copy-link copy-link
27 May 2026, 18:03
main event image
Current Affairs
Foto captură youtube NewMoney.ro
google-preference

Always see our news on Google

Philip Morris International has invested over 1.1 billion dollars in Romania over the last 33 years, with 730 million dollars directed towards the conversion of the factory in Otopeni into a high-tech industrial platform for smoke-free product consumables. Răzvan Balaban, Senior Manager Institutional Affairs, emphasized that over 90% of local production is intended for export to 54 markets across five continents.


The company aims to strengthen the factory as a strategic hub by 2026, focusing on operational efficiency, digitalization, and staff training. Balaban highlighted the importance of fiscal predictability and regulations proportional to risks to support investments. Additionally, PMI is committed to reducing the black market and protecting minors by strictly enforcing existing legislation. The company's projects contribute to the local economy by creating jobs, taxes, and developing Romanian suppliers.

Sources

sursa imagine
NewMoney.ro
Răzvan Balaban, Senior Manager Institutional Affairs la Philip Morris International: „În România se poate produce la standarde globale, în volume mari şi cu disciplină industrială”

Latest News

21:20

A few hundred people gathered in Victory Square in Timișoara to support Mayor Dominic Fritz.

21:12

Interim Prime Minister Ilie Bolojan, about the salary law: "This proposal must be made in such a way that it can be supported by the Romanian economy from the state budget."

21:02

Interim Prime Minister Ilie Bolojan criticizes the "Fritz amendment" from the Integrity Law: "Voting on a PNRR milestone does not mean using it as a political club."

20:54

Ilie Bolojan criticized the statements of former minister Ivan regarding the disconnection of industrial consumers from the National Energy System, emphasizing that the notifications are part of a legal procedure.

20:41

Oil Terminal employees go on strike on August 24, after the failure of negotiations for a salary increase of 6.5%

See more news

NEWS ON THE SAME TOPICS

event image
(P) Philip Morris International emphasizes the growth of illicit trade in Romania, which has reached 6.9% of the market, resulting in losses of 324 million euros.
event image
Arts & Lifestyle
Philip Morris International and Andrea Bocelli launched 'Believe. Further', a platform dedicated to progress and positive change. The event took place on June 26 in Venice.
event image
Economy
OMV Petrom: investment of 140 million euros at the Petrobrazi refinery. It will put into operation a new aromatic products unit.
event image
The IQOS Boutique Victoriei opened on June 26, expanding the IQOS network to 120 locations. The space combines design, art, and technology.
event image
Economy
British American Tobacco will lay off 5,500 employees and will move 3,500 positions to foreign companies, affecting 9,000 jobs.
event image
Economy
The Ukrainian manufacturer Biopharma is doubling its investment in Oradea, reaching 85 million euros for the first phase of the pharmaceutical factory.
app preview
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
app preview app preview
Philip Morris International Razvan Balaban investment

Editor’s Recommendations

main event image
Politics
1 hour ago

Dominic Fritz has been reconfirmed as the president of USR by the party's political committee.

Sources
imagine sursa
imagine sursa
imagine sursa
imagine sursa
imagine sursa
+1
main event image
Current Affairs
1 hour ago

ANRE has approved a new mechanism for flexibility in consumption, through which consumers can be compensated for temporarily reducing their electricity consumption.

Sources
imagine sursa
imagine sursa
imagine sursa
main event image
Exclusive
7 hours ago
Original Content

Exclusively the Ministers' Monitor by NewsVibe: August 12-18, 2026

main event image Play button
10 hours ago
Podcast

PODCAST NewMoney / Cristian Busoi: We will take action against those who speculate on energy contracts for high prices

main event image
Exclusive
12 hours ago
Original Content

EXCLUSIVE | August 19, 2026. Trends in online searches / last 24 hours

app preview
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
app preview
app store badge google play badge
  • News
  • Exclusive
  • INSCOP Surveys
  • Podcast
  • EU
  • Diaspora
  • Republic of Moldova
  • Politics
  • Economy
  • Current Affairs
  • International
  • Sport
  • Health
  • Education
  • IT&C knowledge
  • Arts & Lifestyle
  • Opinions
  • Elections 2025
  • Environment
  • About Us
  • Contact
Privacy policy
Cookies Policy
Terms and conditions
Open source licenses
All rights reserved Strategic Media Team SRL

Technology in partnership with

anpc-sal anpc-sol