Deutsche Telekom to Source 100GWh of Clean Energy Annually from Romania
Deutsche Telekom subsidiaries T-Mobile Czech Republic, Slovak Telekom, and CE Colo Czech Republic have signed cross-border virtual Power Purchase Agreements (VPPAs) with Rezolv Energy, enabling the procurement of 100GWh of clean energy annually for 12 years. The agreements mark the first cross-border VPPAs for Czech and Slovak companies, facilitating the construction of one of Europe’s […]
Lidl România Appoints José Alberto Chueca Val as New CEO
Starting September 2024, José Alberto Chueca Val will take over as CEO of Lidl România, succeeding Marco Giudici, who will assume a strategic position in Lidl Group’s international procurement team. Giudici, who led Lidl România for three years, oversaw significant financial performance and growth, along with substantial investments in the Romanian market. During Giudici’s tenure, […]
Rezolv Energy and Low Carbon secure €291 million financing for VIFOR wind farm
Rezolv Energy and Low Carbon, through their subsidiary First Looks Solutions S.R.L., have secured loans of up to €291 million for Phase 1 of the VIFOR wind farm in Buzău County. The financing, supported by a consortium of 8 banks led by Erste Group, UniCredit Group, and the European Bank for Reconstruction and Development, marks […]
A Midsummer Night’s Dream
We invite you to join the magical experience “A Midsummer Night’s Dream” at the Romanian Athenaeum on the 5th of June! Discover the mastery of the George Enescu Philharmonic under the baton of the talented conductor Constantin Grigore and enjoy the fascinating arias of “Turandot” and the dramatic intensity of “Tosca”, performed by the captivating voices of tenor Alin Stoica and soprano Daniela Bucșan. […]
SAP Partners with AWS to Innovate ERP Solutions with Generative AI
Amazon Web Services (AWS) and SAP SE have announced an expanded strategic collaboration to innovate enterprise resource planning (ERP) solutions using generative artificial intelligence (AI). This partnership aims to enhance the adoption of RISE with SAP on AWS, improve SAP workload efficiency in the cloud, and integrate generative AI across critical business applications. Key innovations […]
Restart Energy Signs 56 Million Lei Connection Contract with Transelectrica for 500 MW Solar Park
Restart Energy has signed a 56 million lei connection contract with Transelectrica for a 500 MW solar park in Șimand, Arad County. This project will supply over 200,000 households in Romania with green energy. The solar park, the second largest in Romania, will be financed by US Exim Bank through Interlink Capital Strategies, based in […]
OMV Acquires Renovatio Asset Management with Over 400 Charging Points
OMV Petrom, the largest integrated energy producer in Southeast Europe, has completed the acquisition of Renovatio Asset Management, the owner of the largest electric vehicle charging network in Romania. The network currently boasts over 400 charging points, with growth prospects reaching approximately 650 by 2026. The transaction has been approved by the Competition Council and […]
VIG Reports 11% Increase in Gross Written Premiums for Q1 2024
Vienna Insurance Group (VIG) has announced a significant 11% rise in gross written premiums, reaching 4.3 billion euros in the first quarter of 2024. This increase reflects the company’s robust business performance and strategic growth across various regions. In Q1 2024, VIG’s gross written premiums totaled 4.297 billion euros, up from 3.871 billion euros in […]
CTP Acquires 270,000 sqm of Warehouses and 30 ha of Land in Romania
CTP, the largest developer, owner, and manager of industrial and logistics spaces listed in Europe, has expanded its presence in Romania by acquiring a significant portfolio from Globalworth, a leading office investor in Central and Eastern Europe (CEE). This acquisition includes 270,000 square meters of Gross Leasable Area (GLA) and 30 hectares of land spread […]
AmCham Promotes Romania as a Destination for Strategic Investments
The American Chamber of Commerce in Romania (AmCham Romania) will host the third edition of the USA-Romania Economic Forum in Washington D.C. on June 20, 2024. This landmark event is designed to position Romania as a prime destination for American investments. Under the theme “Partnership for Development,” the forum will convene officials from both the […]