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.”
Travelers planning to take advantage of Romania’s inclusion in the Visa Waiver program will have to pay around EUR 250 for a one-way plane ticket to the United States. Romania was formally designated the 43rd country to join the US Visa Waiver Program (VWP) on Friday, January 10. As a result, Romanians will...
Prime minister Marcel Ciolacu, the leader of the ruling Social Democratic Party (PSD), announced plans to initiate a legislative project for Romania's administrative and territorial reorganization during the parliamentary session set to begin in February. Speaking at the PSD headquarters on Monday, January 13, Ciolacu revealed that a dedicated working group has been established to […]
The Romanian Cultural Institute (ICR) is organizing through its branches abroad a series of events "celebrating prominent figures of Romanian arts and culture" to mark the National Day of Culture, celebrated every year in Romania and the Republic of Moldova on January 15. It coincides with the birth date of the national poet Mihai Eminescu […]
Former liberal leader Crin Antonescu (picture, right), the candidate announced by the coalition formed by the Social Democratic Party, the National Liberal Party, and Hungarian minority party UDMR for the presidential elections, stated that far-right politician Călin Georgescu (picture, left) should be able to run in the upcoming elections. According to the schedule agreed by the […]
The Bucharest Authority for Animal Surveillance and Protection (ASPA) has announced the restart of its free sterilization campaign for common-breed dogs and cats. Starting in January 2025, residents of the capital city can benefit from this initiative aimed at promoting responsible pet ownership and controlling the pet population. For common-breed dogs with owners, sterilizations will […]
Jaqueline Cristian is the first Romanian player to qualify for the second round of the 2025 Australian Open. She claimed a hard-fought victory against Croatia's Petra Martic in the first round on January 13, winning in three sets 6-2, 4-6, 7-6 (10/7). Monday's match lasted two hours and 35 minutes, according to
