Members of Concordia Patrons Confederacy express their hope that the political crisis crossed by Romania should end as soon as possible. “Citizens' expectations, also shared by businessmen, are that their representatives in Romania's Parliament and Government should place on a secondary level party problems and immediate political agendas when social and economic matters with major impact on people' s lives claim unity and collaboration. Only thus we can, together, citizens, authorities and businessmen, succeed in taking advantage of the economic growth we experience to build a sustainable and productive national and European future”, wrote the Concordia members in an open letter sent to the Presidential Administration and parliamentary parties. Stability and predictability are key elements of investment decisions, and an extended political crisis could affect even projects being implemented. Such a crisis comes to add to the uncertainty created by the pandemic. “Concordia members appeal to all political leaders to find the quickest way of reaching a common denominators which should ensure Romania's well being and that of its citizens, as well as their confidence that their primary, social and economic interests are above immediate political calculations,” the letter reads. Concordia represents 15 of the most important sectors of the national economy and is a social dialogue partner, representative at national level. With a total of over 350,000 employees in over 2,000 big and small firms, with foreign and local capital, Concordia is the only organization in Romania member of BusinessEurope, the International Organization of Employers and Business at OECD.
Sebastian Burduja, adviser to prime minister Ilie Bolojan and former minister of energy, warned of the security impact of the sale of major dairy Napolact to a group owned by a businessman close to the Hungarian prime minister Viktor Orban, according to
Romania could face energy poverty or even blackouts if coal-fired power plants are shut down before new gas-fired facilities at Iernut and Mintia are completed, energy minister Bogdan Ivan said in an interview with Digi24 on September...
Premier Energy (BVB: PE) has signed an agreement to acquire a 51% controlling stake in Iberdrola Renovables Magyarország, the Hungarian subsidiary of Spain’s Iberdrola. The company owns five operational wind farms with a combined installed capacity of 158 MW, commissioned between 2008 and 2010 in northwestern Hungary, one of Central Europe’s strongest wind regions. The […]
Prime minister Ilie Bolojan set up a committee to follow the pre-insolvency procedures at steelmaker Liberty Galati and its pipemaker subsidiary, Liberty Tubular Products Galati, controlled by billionaire Sanjev Gupta, and protect the rights of the tax collection agency ANAF and Exim Banca Romaneasca as the largest creditors,
Grampet Group, active in railway transportation, through its newly established subsidiary Biturom, has opened the largest bitumen melting capacity in Romania, according to Economica.net. The new facility, designed to deliver liquid bitumen for road construction projects in Romania and the Republic of Moldova, was opened on the industrial platform Rafo Onesti. ...
Romania plans to issue Samurai bonds and contract loans from multilateral banks such as EBRD or EIB to finance other green projects, finance minister Alexandru Nazare said at the CES ESG Conference 2025 in Bucharest on September 18. The country has already issued almost RON 10.8 billion (EUR 2 billion) in green bonds, allocated to […]
