Romania's High Court maintained on Thursday a five year prison sentence under corruption charges against former Transport minister Relu Fenechiu, an influential Liberal politician. The High Court maintained a previous 5-year sentence issued last year, but which was challenged. Fenechiu was charged with abuse in office against public interest and complicity to abuse in office, in a case dating in the early 2000's and related to public procurements in the region of Moldova, which benefited his companies.
Romanian electricity utility group Electrica (BVB: EL), with the state as the main (but not majority) shareholder, is planning to issue in 2025-2026 one or more "green" or "sustainable" bonds with a total envisaged value of EUR 500 million and to open a EUR 620 million credit facility. The company's shareholders are invited to endorse […]
State-controlled Romanian natural gas and energy group Romgaz (BVB: SNG) published the Base Prospectus for the EUR 1.5 billion Euro Medium Term Notes (EMTN) Programme, approved on September 20 by the market regulator in Luxembourg. "The largest bond issue by a company with majority state capital is thus launched. This move comes after the company […]
The local real estate developer and investor River Development announces the appointment of Ana-Maria Pascu to the position of Leasing Manager, starting September 2024. Ana-Maria Pascu has been part of the River Development’s team for more than 20 years, as Economist, with responsibilities in the department that manages the relationship with the community of clients […]
Rituals Cosmetics, the international brand specializing in natural body and skin care products, home fragrances and home apparel, is set to open its first store in Romania at the end of September. The company, founded in 2000 in Amsterdam, has become a globally recognized industry expert with a presence in over 36 countries. It offers […]
Here we go again, it is September, and everything is happening at once, everywhere. Most cinema premieres are planned for autumn, so are many film fests. The reason are manifold, from the end of vacation to how local financing for culture works. After having been screened at festivals or events (most recently The Long Night […]
European Commission president Ursula von der Leyen has pledged aid worth EUR 10 billion to help repair the damage caused by recent floods in Central and Eastern Europe, Romania included. She made the promise during a visit to the western Polish city of Wroclaw on Thursday, September 19. A massive wave of flooding has hit Central […]
