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.
Pulitzer Prize winner Junot Díaz, Tracy Chevalier, the author of the international best seller Girl with a Pearl Earring, and French author Michel Bussi, known for his widely translated thriller novels, are among the authors set to attend this year’s Iași International Literature and Translation Festival (FILIT), the largest literary festival in the country. They […]
Bucharest is about to welcome a culinary moment like no other. This September, the JW Marriott Bucharest Grand Hotel will host Michelin-starred Chef Theodor Falser - a name synonymous with nature-inspired haute cuisine - for three exclusive evenings that promise to delight the senses and tell stories through food. The Chef Who Cooks Nature Theodor […]
The International Monetary Fund (IMF) has endorsed Romania’s latest fiscal measures, forecasting that the economy will grow by 1% in 2025 and 1.4% in 2026, the government said Friday, September 12, after talks with a visiting IMF delegation. The delegation, led by Joong Shik Kang, met prime minister Ilie Bolojan in Bucharest to discuss the […]
The George Ciprian Theater in Buzău has unveiled “E-Waste E-Motion,” the first performance in Romania in which all characters are played by small autonomous robots, blending art, technology, and sustainability in an experimental theatrical project. “E-Waste E-Motion” is part of a broader artistic research initiative supported by the National University of Theatre and Film (UNATC) […]
With extensive experience in the luxury hospitality sector, gained as General Manager of Sofitel Legend The Grand Amsterdam and Hotel Okura Amsterdam (LHW), as well as in various Director of Operations and Business Development roles, Ms. Emmy Stoel is a seasoned professional whose career reflects a deep passion for excellence in guest service, having successfully […]
Update: The woman made her first statements on Friday afternoon after being questioned. According to Digi24, she told journalists outside a police station in Bucharest that the items were family heirlooms from the Soviet era, and that she...
