The Ministry of Energy reacted promptly to the announcement of the acquisition of E.ON Romania by the Hungarian state-owned company MVM, https://spotmedia.ro/ reads. The institution led by Sebastian Burduja stated that it has taken note of this decision. „Although the supply component does not include critical infrastructure elements, the Romanian state will use all legal means for a strict evaluation of this possible transaction,” as stated in the Ministry of Energy’s press release, issued after E.ON and the Hungarian state-owned MVM Group reached an agreement on the sale of E.ON Romania’s household and customer solutions division. "We will continue to firmly defend our strategic interests and promote regional cooperation. Energy is about more than just electricity and natural gas. It is about the safety of our families, national independence, and our European future. These things are non-negotiable," the minister mentioned. MVM Group and E.ON Group signed on Monday, December 16, 2024, an agreement for the sale and purchase of E.ON Romania's household and customer solutions division. According to the agreement, MVM Group will acquire a 68% stake in E.ON Energie Romania and take over a 98% stake in E.ON Asist Complet, as stated by the companies in a press release. E.ON Energie Romania, one of the largest natural gas and electricity providers in the country, serves approximately 3.4 million customers. E.ON Asist Complet is a regional company specialized in energy services, offering solutions for the installation and maintenance of infrastructure. The transaction is expected to be completed in 2025, after obtaining all necessary approvals from competent authorities. The two companies have decided not to disclose the value of the transaction. MVM Group is the second-largest company in Hungary and ranks sixth in Central Europe. With an active presence in 23 countries, over 19,000 employees, and a portfolio of over 11 million customers, both residential and corporate (including nearly two million in the Czech Republic, Slovakia, and Romania), MVM Group is an important player in the region's energy ecosystem. The state-owned MVM company represents the "energy arm" of the Viktor Orban government and has a strong collaboration with state-owned companies in Russia, despite Russia's increasing isolation by the international community in response to the invasion in Ukraine, according to Economedia. The Hungarian government is the sole shareholder of MVM, according to the independent rating agency Fitch.
Two sovereignist candidates, namely the leader of the far-right Alliance for the Union of Romanians (AUR), George Simion, and former Social Democratic (PSD) prime minister Victor Ponta, are in the first two positions in the race for the presidential office in a Verifield poll commissioned by Bucharest mayor Nicușor Dan and presented on Monday, March […]
Romania is becoming a European benchmark in sustainability, thanks to the Deposit Return System implemented by RetuRO, the company managing the country’s largest circular economy project. The system’s performance in its first year of operation and its development objectives for this year were presented by Gemma Webb, CEO and Chair of the RetuRO Board of […]
Teilor Holding, the company operating the Teilor jewelry store chain, is on track to list its two corporate bonds on the Bucharest Stock Exchange on Thursday, April 13. The bonds, which will go on the AeRO Multilateral Trading System, have a total aggregated value of nearly EUR 4.5 million, and were sold in October last […]
Eight Romanian couriers in the United Kingdom were sentenced to more than 30 years imprisonment after stealing parcels worth EUR 1 million and selling them online. Three of the suspects managed to flee to Romania and are now being sought. The former couriers operated together between September 2022 and February 2023 in Birmingham. Using their […]
Bucharest’s central Easter fair, Traditions and Flowers of the Holidays, returns in King Michael I Park (Herăstrău) between April 12 and 21. Held at the Charles de Gaulle entrance, the event awaits visitors with local crafts, traditions, and various activities. The fair is dedicated both to the Palm Sunday and Easter holidays, the organizers said. […]
Interim president Ilie Bolojan marked 21 years since Romania's accession to the North Atlantic Alliance by stating that the NATO anti-missile shield in southern Romania made the country safe, allowing it to develop economically. NATO membership meant that Romania was a safe place, Bolojan said, adding that this was “especially due to the support provided […]
