Both the current situation and the outlook for the 12-month horizon have deteriorated, according to a survey conducted by the German-Romanian Chamber of Commerce and Industry (AHK). However, a high share of the companies surveyed plan to increase employment and investments, while 88% would still choose Romania as a destination for investments. Only 33% of […]
The Cluj Court of Appeal permanently canceled the environmental permit for the Rovina gold project operated by Euro Sun Mining of Canada on the grounds that the license lacks important chapters and experts not certified were found among the signatories. Several NGOs spotted failures in the evaluation of the assessment of the environmental impact and […]
The European Commission (EC) approved on April 29 the restructuring plan for the Romanian flag carrier Tarom, in a total amount of EUR 95 million now, updated by Romania in line with the Commission recommendations. Under the plan, Tarom will be written off the state aid received in 2020 and will get funds to renew its […]
Premier Energy, a supplier and distributor of natural gas in Romania owned by Jiří Šmejc’s Emma Capital, announced it took over from Iberdrola an 80MW wind farm for the price of EUR 88 million. The transaction is expected to be completed in the summer of 2024, subject to standard regulatory approvals, including the approval of […]
Prime minister Mircea Ciolacu, who also serves as president of the Social Democratic Party (PSD) – likely to remain the senior ruling partner after the parliamentary elections this year, said that central bank (BNR) governor Mugur Isarescu should stay in office for another term to secure the country's monetary stability. "Romania needs monetary stability, and […]
ARTEX AG, a Liechtenstein-based company and sole shareholder of ARTEX MTF, a Lichtenstein-based regulated multilateral trading venue, has appointed Claudio Cisullo, Founder and Executive Chairman of the Swiss-based family office CC Trust Group AG, as non-executive Director, effective April 3rd, 2024. ARTEX AG was co-founded by H.S.H. Prince Wenceslas von Liechtenstein and Yassir Benjelloun-Touimi in […]
