The Romanian business people known as the Micula Brothers, who have won a case against Romania at the International Court of Arbitration, have withdrawn the distraint applied to air traffic authority Romatsa as part of their efforts to recover the debt the Romanian state holds towards them. The announcement was made by PM Ludovic Orban in statements for HotNews.ro on Tuesday.
French utility group Engie nearly doubled the capacity of its wind farms in Romania after taking over WIND Project (ROM) SIX – the operator of an 80MW wind farm located in the eastern part of Romania at Chirnogeni, Constanta county. The Competition Council approved the deal,
Golden Food Snacks, controlled by Greek businessman Konstantinos Mitzalis, announced it completed the takeover of Derpan – a local bakery specializing in the production of packaged pastry set up by local entrepreneurs near Galati, in 2001. The deal was cleared by the Romanian Competition Council in 2022,
Romanian do-it-yourself (DIY) chain Dedeman, controlled by local entrepreneurs, announced the opening of its second store in the western Romanian city of Arad upon an investment of EUR 19 million. The investment includes the value of the 9-ha plot of land, the building, as well as the working capital (value of the inventory) needed by […]
With a delay of nearly two years, expected to cost the supplier over a fifth of the contract’s EUR 100 million value, French group Alstom delivered the first of the 13 trains for the Bucharest subway network, according to Economica.net. The train will start serving the M5 line, which is the destination for all the […]
Dutch company Damen "sued Romania" at an international arbitrage court (Vienna International Arbitral Centre according to Europa Libera Romania), asking for the termination of the agreement reached in 2018 over local company Damen Shipyards Mangalia – which operates a shipyard on the Black Sea coast,
Despite the challenging international environment and significant downside risks, the economies of most Central, Eastern, and Southeastern European countries are expected to perform well in 2024 – especially the EU member states, according to the new Spring Forecast issued by the Vienna Institute for International Economic Studies (wiiw) for 23 countries of the region. The […]
