EximBank announced it concluded a financial accord of 21 million lei with Urbioled Iasi, a company producing, distributing and installing LED type sources and the financial package structured by the bank is meant to finance and current activity of the company. Urbioled is a company with 100% Romanian private capital. Set up in 2013, the company began its activity as distributor of street lighting installations and later on became a producer and integrator of LED type lighting systems and supplier of intelligent and energy efficient mounting services in the field of street lighting with LED technology. At the same time, Urbio Romania is an important player in the renewable energy market, especially photovoltaic energy systems. Studies show that a complete transition to LED lighting leads to the drop of electricity consumption and implicitly of gas emissions with greenhouse effects by 40%, the reduction of the number of traffic accidents during the night, especially those in which pedestrians are involved, discouraging night crimes and the development of a feeling of safety and civilization among citizens. Urbioled manufactures, distributes and implements Eco efficient alternate lighting solution. The company was set up in 2013 dealing mainly with trade with electronic parts and equipment based on LED technology, imported from Europe and beyond. In 2016 the company became a producer of lighting equipment and entered the mounting service segment. In 2019 Urbioled built a new production unit in Moreni, Dambovita. The factory was commissioned in December 2020 with an annual production capacity of over 100,000 lighting units. As of 2019, the company started another project with European funds in the field of research for the development of NEOS system, a state-of-the art product that includes solutions for parking, public lighting with automatic intensity, multifunctional pillar with video supervision, electric vehicle charging, sensors that monitor temperature, noise, air pressure and wind intensity, with an investment of at least 5 million euros.
Crin Antonescu, the former leader of the Liberal Party (PNL) and interim president during Traian Băsescu's suspension in 2012, could become the joint candidate of the Social Democrats (PSD) and Liberals (PNL) in the presidential elections to be held in the spring. The only politician who has firmly announced his candidacy so far is the […]
The Social Democrats (PSD), Liberals (PNL), and Hungarian party UDMR were, at the end of December 22, close to agreeing over the share of the ministries in a joint cabinet to be appointed before the end of the year, such as to enact the quasi-austerity package of fiscal corrective measures already inked by the Ministry […]
Romania's gas consumption will increase by 10 billion cubic meters in the next 3-4 years, which practically means a doubling of current consumption, according to the National Gas System Development Plan 2024 - 2033 drafted by the operator of the country's gas transport system, Transgaz. The additional source of gas would come from the Black […]
The government of Romania has approved an emergency ordinance (OUG) initiated by the Ministry of Energy with legislative amendments that allow ministries to increase their stakes in companies in which they are majority or minority shareholders in order to prevent their "hostile takeover" or "decapitalization," according to Profit.ro and
A draft ordinance inked by the Finance Ministry and consulted by Economedia.ro establishes the framework for fiscal measures to be applied in 2025, envisaging that state pensions, special pensions, and salaries...
Romanian president Klaus Iohannis has submitted a notification of unconstitutionality to the Constitutional Court regarding a controversial law approving Government Emergency Ordinance OUG 107/2024, which outlines fiscal-budgetary measures for addressing budgetary receivables and Romania's general consolidated budget deficit for 2024. The Presidential Administration announced the submission on Friday, December 20. The fiscal amnesty brought RON […]
