The Competition Council authorized the transaction by which Emma Lambda Ltd, Cyprus, intends to take over Stratum Energy Romania LLC, USA, together with Stratum Energy Romania LLC Wilmington, Bucharest branch and its subsidies, according to a press release of the competition authority. According to the institution, Emma Lambda is part of Emma Group, active in the energy sector, gambling, medical service sector, pharmaceutical sector, digital commercial services, ets, in countries like Cyprus, Czech Republic, Moldova, Serbia and Hungary. In Romania, Emma Group controls a series of companies with activities of natural gas supply and distribution, electric energy production, supply and distribution and energy production from renewable sources (wind and solar). Stratum Energy Romania LLC is a natural gas producer operating in the gas and crude area of Poduri, delimited by Moinesti EV-1 concession, Bacau county. Following the analysis, the Competition Council found out that this operation does not raise significant obstacles to effective competion in the Romanian market or part of it and there is no serious doubt about its compatibility with a normal competition environment. The press release mentions that the decision will be published on the wensite of the national competition authority after the elimination of confidential information.
Associates of the fugitive Moldovan oligarch Ilan Șor were urged to vote for far-right candidate George Simion in the presidential elections in Romania back in May, according to the General Inspectorate of Police of the Republic of Moldova. Moldovan police made public several messages discovered on the phones of those close to Ilan Șor as […]
The month of July was nearly 2 degrees Celsius warmer than normal in Romania, with temperatures exceeding 43 degrees Celsius in the southern Oltenia region and over 40 degrees Celsius in Transylvania. Eleven new heat records were set, and there were also intense rains as well as severe hailstorms, according to the climatological summary published by […]
Romania ranks last in the European Union in terms of circular material usage, with a rate of just 1.3%, according to 2023 public data analyzed by Clean Recycle experts. Comparatively, countries such as the Netherlands (30.6%), Italy (over 20%), and Malta lead the EU rankings. A circular economy is a model of production and consumption […]
A new edition of Art Safari will take place from September 5 to December 14 in Bucharest, featuring a diverse program of art exhibitions. Highlights include "Paris Pallady," showcasing over 70 works by Romanian artist Theodor Pallady alongside pieces by Henri Matisse, in collaboration with Paris museums Musée de l'Orangerie and Musée Henri Matisse, the […]
According to a recent announcement from the Ministry of Foreign Affairs, Romania endorsed the Joint Declaration on the Security and Resilience of Submarine Cables in a Global Digitalized World, in coordination with the United States and European Union partners. The diplomatic effort takes place as allies are concerned with sabotage incidents, cyberattacks, and other forms […]
The media and entertainment industry in Romania is projected to experience steady growth over the next five years, driven primarily by the expansion of digital segments. According to the latest PwC Global Telecommunications, Entertainment & Media Outlook 2025-2029 report, the sector is expected to grow at an average rate of around 2% annually, reaching a […]
