NEPI Rockcastle Issues EUR 500 Million in Green Bonds with Clifford Chance Badea’s Legal Counsel
NEPI Rockcastle, a leading real estate developer and investment group in Central and Eastern Europe, has successfully issued EUR 500 million in green bonds, with legal counsel provided by Clifford Chance Badea. The issuance, which was oversubscribed by more than six times, marks NEPI Rockcastle’s return to the Eurobond market after more than two years. […]
Alfa Group Acquires IRIDE Business Park, Boosting Real Estate Portfolio
Alfa Group has completed the acquisition of the IRIDE Business Park from CPI Group, marking a significant expansion in its real estate portfolio. The deal includes not only office spaces but also logistics facilities, essential for enhancing Alfa Group’s future operations. This acquisition strengthens the company’s presence in Bucharest’s real estate market, particularly in office […]
BASF Aims to Distribute €12 Billion to Shareholders by 2028
BASF has outlined an ambitious corporate strategy aimed at reinforcing its financial performance and commitment to sustainability. During Capital Markets Day in Ludwigshafen, Dr. Markus Kamieth, Chairman of BASF’s Board of Executive Directors, emphasized the company’s goal to become the preferred chemical partner facilitating green transformations for its customers. Dr. Dirk Elvermann, BASF’s CFO, highlighted […]
Rezolv Energy and A2A Sign Major 150 GWh Energy Agreement in Romania
Rezolv Energy, a renewable energy developer backed by Actis, has signed a 7-year Virtual Power Purchase Agreement (VPPA) with A2A, a leading Italian group in energy, water, and environmental sectors. The deal covers the acquisition of 150 GWh per year of wind energy generated by Rezolv’s VIFOR wind farm in Buzău County, Romania. This renewable […]
AmCham Romania Releases Strategic Business Priorities for 2024-2028
The American Chamber of Commerce in Romania (AmCham Romania) has released its “Priorities for Romania 2024-2028,” outlining key business recommendations to drive sustainable economic growth over the next four years. The report highlights critical areas for investment and reform, positioning Romania to enhance its competitiveness, attract more foreign investment, and modernize key sectors. AmCham emphasizes […]
CEC Bank Posts 279,8 Million lei Net Profit in First Half of 2024, Assets Grow by 35%
CEC Bank, one of Romania’s leading financial institutions, reported significant growth for the first half of 2024, with a net profit of 279,8 million lei. The bank’s total assets saw a substantial increase of 35% compared to the same period last year, reaching 93,23 billion lei. The bank’s financial performance in the first six months […]
OMV Petrom Acquires 710 MW of Solar Projects in Romania from Jantzen Renewables
OMV Petrom, one of Southeast Europe’s largest integrated energy producers, has finalized the acquisition of several photovoltaic park projects from the Danish company Jantzen Renewables. These projects, located in Teleorman County, Romania, have a planned installed capacity of approximately 710 MW. Once operational, the parks will be among the largest solar projects in Southeast Europe. […]
Ascendis Acquires Cariere and HR Manager in a €300,000 Deal
Ascendis Group, one of Romania’s leading professional development training and consultancy firms, has acquired the renowned magazines Cariere and HR Manager in a transaction worth €300,000. This acquisition strengthens Ascendis’ commitment to expanding communication platforms for the HR community in Romania, Moldova, and the Romanian diaspora. Andrei Goșu, Managing Partner at Ascendis, emphasized the significance […]
Restart Energy Completes €900,000 Photovoltaic Project for Tehno Proenergy, Cutting CO2 Emissions by 155 Tons Annually
Restart Energy has successfully finalized a €900,000 photovoltaic power plant project for Tehno Proenergy, a company based in Alba County. The plant, featuring 1,818 solar panels spread across 10,000 square meters, has a total capacity of 999.9 kWp and will produce 1,287 MWh of electricity annually, fully covering the energy consumption of the company. This […]
Saint-Gobain Installs 1,725 Solar Panels at Turda Factory, Cutting CO2 Emissions by 238 Tons Annually
Saint-Gobain Romania has taken a significant step in its sustainability strategy by completing the installation of a photovoltaic power plant at its Saint-Gobain Rigips factory in Turda. This solar project, funded through the National Recovery and Resilience Plan (PNRR) and Saint-Gobain’s internal Carbon Fund, is designed to power the factory’s production line with clean energy, […]