The European Bank for Reconstruction and Development (EBRD) and OTP Bank sealed a EUR 93-million financing agreement for the construction and operation of the Urleasca Wind Farm in Braila County, Romania. Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance was the legal adviser. Urleasca Wind Farm SRL, the project company, is ultimately equally co-owned by BIG Shopping Centers ltd and MEGA OR ltd, two Israeli companies that own and develop shopping malls and are listed on the Tel Aviv stock exchange. Nadia Badea, Clifford Chance Partner and Head of the Bucharest Energy Practice, says: “Global investors’ enthusiasm regarding Romania’s renewable energy market is once again highlighted in this deal, which marks the entry of a new high-profile investor and the launch of a representative project for Romania’s green energy transition. As this process accelerates, we support clients and partners with our global knowhow and premium legal advice, confident that Romania can reach its true potential and become a regional player for a sustainable future.” Counsel Andreea Sisman added: “This project gave us the opportunity to once again work with two financial institutions with whom we have a long-term and strong relation. This has proven essential for the successful closing of the deal and the exceptional work delivered by all teams involved on complex aspects.”
Ireland can be seen as one of the most important business hubs in Europe and the European Union, as many international companies have established regional headquarters there. If you are looking for a country to expand your enterprise, you should definitely consider Ireland for several reasons that are presented below. Location and language The first […]
Cyprus is mostly known as a tourist destination. However, there is also a business side to it, as many investors choose it to open companies because of the favorable taxation system. Apart from its low corporate tax rate, there are a few more reasons why you should choose it if you are looking for a […]
The Romanian Commercial Code provides for various types of entities that can be created by natural persons and companies, local or foreign. Each of them has its own particularities, which can give it various advantages. How do you choose among them? We will review the main types of companies and their pros to help you […]
A new alley named after Romanian diplomat Nicolae Titulescu was inaugurated on Tuesday, December 9, in Paris’s Parc Monceau during a ceremony attended by Romania’s president Nicușor Dan and Paris mayor Anne Hidalgo. “I expressed my appreciation for the decision to name an alley in the beautiful Parc Monceau in Paris after the great Romanian […]
Oxygen Resort, a development located in central Romania’s Harghita county, has inaugurated its first bungalows. The first 18 bungalows are already functional, with another 17 units to be completed in the next stage, bringing the total to 35. The inauguration of the bungalows “marks the transition from a center dedicated predominantly to recreational activities to […]
Romania carried out a new medical evacuation mission for civilians from Gaza on Monday, December 8, transporting eight Palestinian patients and 29 accompanying relatives to Bucharest for treatment, according to the Department for Emergency Situations (DSU). The patients were evacuated aboard a Romanian Air Force C-130 Hercules aircraft after lacking access to adequate medical care. […]
