Clifford Chance Badea, the local office of global law firm Clifford Chance, assisted Electroalfa International (EAI), a Romanian leader in advanced electrical engineering solutions for critical infrastructure, in its initial public offering (IPO) of new shares issued following a capital increase, worth about RON580 million (EUR115 million).
Retele Electrice Romania, part of the PPC group, has begun construction of a new 110/20 kV transformer station in Balotesti, Ilfov County, a self-funded investment of more than RON75 million set for completion in 2027.
Erste Group has revised Romania’s 2026 economic growth forecast to 1% from 2.1% previously, after the flash estimates for the fourth quarter of 2025 released by Romania’s National Statistics Institute (INS) on Friday showed worse than expected contraction and confirmed the economy had slid into technical recession.