Romania Feed

Clifford Chance Badea, the local office of global law firm Clifford Chance, has advised Rezolv Energy, the portfolio business of global investment fund in sustainable infrastructure Actis, on the acquisition of the 1,044 MW solar plant in Romania’s Arad County from Monsson Group.

The Energy Deal Advisory team of KPMG in Romania assisted Monsson, the leading developer of renewable energy projects in Romania, with the sale of the largest solar project development in Europe to Rezolv Energy, a leading CEE energy transition platform backed by EUR500 million funding from Actis, a top global investor in sustainable infrastructure.

Courier services company Cargus has appointed Yannick Mooijman as the company's new Chief Executive Officer (CEO), starting November 1, 2022.

Raiffeisen Bank, a major player in Romania’s banking sector, is listing on Wednesday (Nov 2) its second issue of sustainable bonds worth RON325.5 million, on the Bucharest Stock Exchange.

Industrial production prices for the total (domestic market and non–domestic market) increased by 46.7% in September 2022 compared to September 2021, data from Romania's statistics board INS showed on Wednesday.

Monsson group, the biggest green energy project developer in Romania, has signed an agreement with Rezolv Energy, a company owned by British investment fund Actis, for the development of a 1,044 MW solar park in Arad.

Romanian entrepreneur Gigi Becali, owner of football team FCSB, the formerly Steaua, wants to develop an integrated agricultural business on the 850 hectares of land in Tulcea county he leased from the State Domains Agency (ADS).

Bucharest’s four-star Cismigiu hotel, one of the city’s monument buildings, controlled by Spain’s Hercesa, expects to generate EUR1.45-1.5 million turnover in 2022, according to Mirela Cojocaru, the hotel’s general manager.

Philips Orastie, part of Dutch giant Philips, currently has 60 jobs available at the home appliances plant of Hunedoara, where the company produces coffee machines and oral hygiene products.

International Lazar, a company specializing in freight transportation, controlled by entrepreneur Ion Lazar, aims to boost its turnover by 18-20% by yearend, according to the company’s officials.

Finnish tire producer Nokian Tyres, one of the world’s largest on this market, has announced it will invest EUR650 million in a production unit set to be built in Oradea.

Sanador Hospital, one of Romania’s biggest private healthcare providers, owned by Andronescu family, has invested EUR6 million in a completely digitalized operating room block, a first for Romania, including two operating rooms.

HiSky airline, founded by Iulian Scorpan from the Republic of Moldova, is expanding its range of routes operated from Cluj-Napoca airport with a new international destination, Israel.

Romania’s energy market watchdog ANRE approved on Tuesday, during the meeting of the Regulatory Committee, the National Natural Gas Transmission System Development Plan (PDSNT) for the 2022-2031, drafted by the natural gas transmission and system operator SNTGN Transgaz (TGN.RO).

Romgaz (SNG.RO), a state-run natural gas producer and supplier, on November 1 announced a deal with Electrocentrale Bucuresti, the main provider of heating via the central heating system of Bucharest, a report to the Bucharest Stock Exchange shows.

BCR Group and Arval Romania have finalized the agreement for the transfer of part of BCR Fleet Management's operational leasing business, as the Competition Council validated the deal.

Romania's foreign exchange reserves (foreign currency plus gold) increased to more than EUR50 billion for the first time ever, reaching EUR51.78 billion at the end of October, compared with EUR49.3 billion in September, central bank data showed on Tuesday (November 1).

Paval Holding, the Paval brothers' company that also owns DIY retailer Dedeman, has bought the first phase of the U Center office building in the Tineretului area in Bucharest from Forte Partners.

Promateris (PPL.RO), a Romanian industrial group and leading low carbon footprint packaging manufacturer in Central and Eastern Europe, posted RON136.3 million revenue in the first nine months of the year, slightly (0.3%) higher than in the year-ago period, it said in a release.

Insurance-reinsurance brokerage Millenium Insurance Broker, a company majority held by mobility network Autonom Services, during October 17-25 period carried out a private placement with a view to its listing on the AeRO market of the Bucharest Stock Exchange, in the wake of which it raised around RON4.2 million.