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MAX Business Accelerator: The digital platform that could raise the GDP of Romania made by entrepreneurs for entrepreneurs

January 10, 2018
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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...

Romania tweaks energy capping scheme and prolongs it until March 2025

Romania will keep the electricity and natural gas price capping scheme for another year, until the end of March 2025, under an emergency ordinance passed on March 28.  Some parameters of the scheme – but not the end-user prices – were adjusted to better reflect the lower wholesale market prices. Thus, the capped price for electricity […]

Romania’s Govt. endorses EUR 450 mln grant scheme for underdeveloped regions

The Romanian government approved on March 28, at the proposal of the Ministry of Finance, a state aid scheme that provides grant financing for investments with a major impact on the Romanian economy, with an individual eligible investment value of over RON 50 million (EUR 10 million).  The total budget of the scheme is RON […]