Clifford Chance Badea advised Nofar Energy, one of the most dynamic renewable energy investors in Romania, in the signing of the agreement for the acquisition of 100% in Aviv Renewable Investment, the project company developing a 160 MW photovoltaic park in Giurgiu County.
Electricity supplier and distributor Electrica for the first half of this year reported operating income worth RON4.7 billion, down 29%, and RON102 million net profit, RON40 million below the H1/2023 level.
Ramnicu Valcea-based Don Pedro, a major Romanian producer of tissue paper, ended 2023 with RON251 million turnover, up 11% from 2002.
Local paver manufacturer Elis Pavaje of Alba county has this year started to expand the plant it has near Ploiesti, in Stoenesti locality, and plans to build a new plant in Olt county.
Alin Niculae, who controls the biggest Romanian-held oil wholesale company Oscar Downstream, is set to buy Iride Business Park office project of northern Bucharest for EUR45 million.