Romania: Romania’s grid operator ready to join project company for power (...)

August 13, 2024

Romania’s grid operator ready to join project company for power cable under Black Sea
Aug 13, 2024

Romania’s grid operator ready to join project company for power cable under Black Sea.

The shareholders of Romania’s power grid operator Transelectrica (BVB: TEL), controlled (58%) by the Government, endorsed the company’s participation in the project aimed at bringing “green and affordable” electricity from the Caspian Sea region through a 1,200-km long submarine cable that (...)

[Read the article in Romania Business Insider]

SEE ALSO IN ROMANIAN NEWSPAPERS

EY: Global Demand For EVs Slows Amid Consumer Concerns Over Lack Of Charging Infrastructure Global demand for electric vehicles (EVs) has slowed, and for prospective EV buyers, the main concern is a lack of charging infrastructure, according to the fifth annual EY Global Mobility Consumer Index report.

Competition Council OKs PACCOR Acquisition By SEET Investment Holdings, Danail Emilov Mladenov And Teodora Emilova Mladenova Romania's Competition Council approved the transaction through which SEET Investment Holdings SarL, Danail Emilov Mladenov and Teodora Emilova Mladenova, through Goodpack SarL, intend to acquire Paccor Romania SRL.

Law firm RTPR Assisted Polish Fintech PragmaGo in Entering Romania Law firm RTPR has assisted PragmaGO, a company owned by investment fund Enterprise Investors, in acquiring a majority 89% stake in Telecredit IFN, which operats Omnicredit brand, from Reconstruction Capital II Limited (RC2) and Elisa Rusu.

Electrica Wants to Raise EUR500M Via Green Bonds, Contract Syndicated Loan of up to RON3.1B for Investments Electricity supplier and distributor Electrica is convening its shareholder to approve among others, a ceiling of up to EUR500 million for a bond issue or several subsequent issues of green bonds and the contracting of a syndicated bank loan of up to RON3.1 billion (EUR620 million) to support (...)

RebelDot Forecasts EUR16M Turnover in 2024, Up 40% YOY Cluj-Napoca-based software developer RebelDot estimates the AI unit will in 2024 generate 15% of turnover, which is expected to revolve around EUR16 million at yearend, up 40% from 2023.

Bucharest's Royal Hospital Expects 20% Higher Turnover in 2024 Bucharest’s Royal Hospital, founded by gynecologist Ioan Stoian, with EUR5.8 million turnover last year, expects 20% higher results for 2024 and plans to add another two floors and a new surgery hall.

Tei Group Opens Pharmacy And Bebe Tei Store In ElectroPutere Mall In Craiova The Tei Group, made up of Farmacia Tei and Bebe Tei, has opened new stores in Dolj County, in ElectroPutere Mall in Craiova, an investment that is part of the plan to expand outside Bucharest.