A joint venture for the Caspian, Black Sea, and European 'green energy corridor' has already been set up in Bucharest, Romania, said Fagan Abdurahmanov, Head of the Renewable Energy Zones Development Department at the Azerbaijan Renewable Energy Agency (AREA). https://en.trend.az/reports. He made the remark as he addressed the energy transition investment forum for Central Asia at COP29. "One key part of our broader initiative is the creation of a new Energy Corridor with Central Asia. We’ve already signed a joint communiqué and memorandum of understanding with Kazakhstan and Uzbekistan. This energy project also includes the development of a green energy corridor," he explained. Abdurahmanov noted that the technical assignment for the project was finalized in a short time, with an Italian company selected as the consultant to prepare a technical study. This study will be similar to the one being conducted for the Black Sea route. "The next joint venture for the Central Asia corridor will have its headquarters in Baku," he added. He also mentioned that the parties are now preparing for the next phase of the project.
Homedit, a Romanian brand of premium furniture and home décor, announces the official opening of its first showroom, located in an interwar house in central Bucharest ("The Bamboo House”, located at No.3, Dumbrava Roșie St.). With a total investment of approximately EUR 12 million, the business was founded in 2016 as an online store by […]
The 32nd edition of the Sibiu International Theatre Festival (FITS) begins on Friday, June 20, bringing over 5,000 artists from 82 countries to the city. The events will take place over ten days and will transform the city into an "open-air stage, with large-scale productions, impressive installations, parades, fire shows, live music, aerial dances, and […]
The well-known science and nature channel Discovery is currently marking four decades since its global launch in 1985 with a special series titled "Discovery Changed My Life,” bringing testimonies from personalities whose vision was shaped by Discovery. Among those featured is also Romanian mountaineer and conservationist Alex Găvan. The series premieres on Sunday, June 22, […]
Meta Estate Trust (MET), a holding company operating in the real estate sector, has invested approximately EUR 2 million in a new retail park currently under development in Ciolpani, a commune located on the Bucharest–Ploiești corridor (DN1), it said. The project is scheduled to be completed and handed over to tenants this year, with an […]
Romania benefits from a series of favorable factors that facilitate the growth and expansion of data center capacity and could emerge as a developing market, according to an analysis conducted by the real estate consultancy company Cushman & Wakefield Echinox. A diversified energy mix, with over 50% of energy production coming from renewable sources, along […]
The German company DEHN, a manufacturer of electrical engineering solutions for critical infrastructure, including lightning and surge protection, as well as safety equipment, will open a production site in Piteşti, southern Romania. The facility, the company's first in the country, will expand its capacities to serve customers in Europe. It fits seamlessly into the company's […]
