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Hagag Development Europe, under Yitzhak Hagag, has launched Hagag Energy to expand into the energy sector while enhancing its real estate projects in Romania. The company is advancing multiple developments, including the H Pipera Lake phase II and the first Radisson Red hotel in Bucharest, alongside plans for a EUR 400 million investment to establish 64 new natural gas distribution networks, creating 200 jobs and increasing customer reach by 35% over the next two years.