The Competition Council authorized the transaction by which Emma Lambda Ltd, Cyprus, intends to take over Stratum Energy Romania LLC, USA, together with Stratum Energy Romania LLC Wilmington, Bucharest branch and its subsidies, according to a press release of the competition authority. According to the institution, Emma Lambda is part of Emma Group, active in the energy sector, gambling, medical service sector, pharmaceutical sector, digital commercial services, ets, in countries like Cyprus, Czech Republic, Moldova, Serbia and Hungary. In Romania, Emma Group controls a series of companies with activities of natural gas supply and distribution, electric energy production, supply and distribution and energy production from renewable sources (wind and solar). Stratum Energy Romania LLC is a natural gas producer operating in the gas and crude area of Poduri, delimited by Moinesti EV-1 concession, Bacau county. Following the analysis, the Competition Council found out that this operation does not raise significant obstacles to effective competion in the Romanian market or part of it and there is no serious doubt about its compatibility with a normal competition environment. The press release mentions that the decision will be published on the wensite of the national competition authority after the elimination of confidential information.
Henry Páll Wulff, a German citizen living in Romania and former co-chair of Volt Romania political party, emphasizes how the disparate challenges and shifting dynamics in Romania underline the importance of understanding global trends. The year 2024 brought a wave of significant elections worldwide, from the United States to Europe and beyond. Against this backdrop, […]
Social Democrat (PSD) leader Marcel Ciolacu has been appointed by president Klaus Iohannis to form the new government, with the prime minister set to request a vote of confidence from Parliament later today, December 23. Ciolacu thus returns to Victoria Palace as head of government, backed by the newly-emerged ruling coalition. The new cabinet will […]
Igor Feio, a Portuguese citizen living in Romania for over ten years, shares his view on the Constitutional Court's recent decision to cancel the first round of the presidential elections in the country. On November 24, about 9 Million people expressed their vote in the 1st round of the Presidential Elections. It was a somehow […]
Romanian members of Parliament elected new presidents for the Senate and Chamber of Deputies after negotiations within the new ruling coalition formed between the Social Democrats (PSD), the National Liberal Party (PNL), the Hungarian minority party UDMR, and the ethnic minorities group. The coalition elected PNL interim leader Ilie Bolojan as the new head of […]
Romania is quickly becoming one of Europe’s most desirable destinations for expats, thanks to its affordability, vibrant culture, and strategic location in the heart of Europe. Whether you’re considering citizenship, a nomad visa, or residency, each pathway offers unique benefits tailored to different lifestyles and goals. In this article, we’ll explore these options in depth […]
Amsterdam-based DRI, the EU renewables arm of Ukrainian energy company DTEK, announced the signing of the “largest physical solar power purchase agreement (PPA) in Romania” with OMV Petrom, the leading integrated energy producer in Southeastern Europe. The agreement groups three PPAs with OMV Petrom over an 8.5-year period for approximately 100GWh per year at a […]
