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German ambassador Meier-Klodt: Most big company heads started in dual education system

March 25, 2017

German ambassador to Romania Cord Meier-Klodt backs the promotion and expansion of dual vocational education in Romania, which he considers “a soul project” of his, based on the success it has had in his country. The German diplomat said on Friday in Timisoara that “the dual vocational education was the basic success principle for the […]

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Artists from six European countries come to Europavox Festival Bucharest in April

Europavox Festival Bucharest, an event aiming to highlight some of the newest and most interesting live music acts from all across Europe, returns to Control Club this spring for its fourth edition. Artists from six European countries, along with two up-and-coming local bands, will perform at the festival on April 3-4. Dutch singer-songwriter Pip Blom, […]

Romanian officials mark 20 years of NATO membership

Romanian officials marked 20 years since the country joined the North Atlantic Treaty Organization (NATO) on Friday, March 29, noting the importance of Romania’s membership in the defensive military alliance.  On March 29, 2004, Romania officially joined NATO by submitting the documents of ratification at the US State Department, the depositary state of the North […]

Bucharest mayor says urban plans he blocked in court were billion-euro corruption scheme

The district urban plans (PUZ) endorsed by district mayors were corruption schemes generating billions of euros, Bucharest mayor Nicusor Dan argued. He said that four of the six such district urban plans (PUZs) were definitively scrapped in court, and the other two will be suspended again starting next Monday.  "The PUZs from districts 3, 4, […]

Korea’s DS Private Equity joins Romania’s Small Modular Reactors programme

Korea’s DS Private Equity (DSPE), part of Korea’s DS group, will join as a financial investor the Romanian project company RoPower, formed at this moment by state-controlled Nuclearelectrica (BVB: SNN) and private company Nova Gas and Power (the owner of the location), which is developing the Small Modular Reactors (SMR) programme with the technology provided […]

Hidroelectrica assures investments will continue despite 100% payout ratio

The CEO of Romanian hydropower group Hidroelectrica (BVB: H2O), Karoly Borbely, assured that despite the 100% dividend payout ratio proposed by the management, the company has enough resources to finance its investment and maintenance projects.  "The dividend proposal reflects the performance commitment assumed by the company's new management team to the shareholders. [...] Accelerating investments […]

Lebanese investors buy 50% of Romanian mineral water bottler Aqua Bilbor

Maria group, controlled by Lebanese investors, will take over 50% of the Romanian mineral water bottler Aqua Bilbor for a price of EUR 12 million after the national competition body greenlighted the deal, Profit.ro...