The prime-minister Marcel Ciolacu met on Wednesday at the government headquarters the general manager of the Greek energy company Public Power Corporation (PPC) and Alessio Menegazzo, manager for Sustainability and Institutional Affairs of the subsidiaries in Romania of the Italian group Enel. PPC and Enel are expected to finalise this month the transaction, announced for the first time on the local market by Profit.ro through which the operations in Romania of the Italians have been taken over by the Greeks.The meeting at Victoria Palace was also attended, besides Stassis and Menegazzo by the founder and CEO of the Romanian group specialized in services for the energy industry Adrem, Corneliu Bodea who is also the president of the professional body Centrul Roman al Energiei. As Profit.ro said, the ministry of energy has recently decided through the Energy Holding Management Company (SAPE) where he is the only shareholder and owns minority stakes in Romanian energy suppliers and distributors whose controlling stakes are being sold by Enel to PPC, that the Italians’ transaction with the Greeks can go ahead without Enel SpA first being obliged to make a sale offer to the Romanian state for the majority stakes about to be sold to the largest Greek energy company. Thus, the details of the conclusion of the acquisition process by the Greek group PPC of the Romanian business of the Italian company Enel, announced for the first time on the local market by Profit.ro, have been finalized. The Italians' entire portfolio in Romania will come under Greek control for a price of €1.26 billion. PPC plans to finance the acquisition through a combination of debt and equity, of which €800 million will come from already secured financing available in the form of a €485 million five-year loan from Greek banks and a €315 million bridge loan from international banks.
The first padel club in western Romania, Padel Center, will host the first padel tournament within the official calendar of the International Padel Federation (FIP) organized in Romania and the Balkans. The FIP SILVER ROMANIA tournament will take place from May 26 to June 1, on the Padel Center courts in Dumbrăvița (6 Praga Street), […]
Romania’s Competition Council has authorized the transaction through which electronic retailer Altex takes over DIY chain Brico Depot Romania, a network with 32 stores and 2,000 employees, in a deal valued at EUR 70 million. Altex is one of the leading retailers of electronics in Romania, while Brico Depot offers products in categories such as […]
Romanian poets Teona Galgoțiu and Radu Nițescu, along with Swedish poets Jonathan Brott and Filip Lindberg, will take part in the 13th edition of the Romanian-Swedish Translation Workshop, to be held between April 23–30 in Stockholm. The workshop is organized by the Romanian Cultural Institute in Stockholm and the National Book Center (CENNAC) in partnership […]
The Irish dance group Lord of the Dance will return to Romania on April 2 and 3, 2026, with the "30th Anniversary Tour." The troupe founded by the well-known Michael Flatley will perform the two shows in Romania on April 2, at the BT Arena Polyvalent Hall in Cluj Napoca, and on April 3, at […]
The National Opera in Bucharest will host the "I Exist Too!" charity concert, featuring Byzantine music, in support of children diagnosed with autism, on May 26. The goal of the concert is to raise the necessary funds to support families whose children have been diagnosed with autism spectrum disorders. All proceeds from donations and ticket […]
Schwarz IT continues its development and aims to expand its team in Romania by approximately 30% in 2025, opening opportunities for IT specialists who want to contribute to complex digitalization projects. Available positions include Cloud Network Engineer, DevOps Engineer AI, ServiceNow Developer, Junior and Senior GO Software Engineer, Adobe Experience Manager Software Developer, PhP Developer […]
