NATO secretary general Mark Rutte will make his first official visit to Romania on Wednesday, November 5, where he will be received by president Nicușor Dan at the Cotroceni Palace, the Romanian Presidency announced. The announcement comes after
The European Investment Bank (EIB) granted Distribution Electric Energy Romania (DEER), the distribution operator within the Electrica Group, a loan worth 200 million euros to modernize its network which covers 40% of Romania's territory and serves approximately 4 million households and businesses, informs a press release from Electrica."Electrica's smarter and more resilient infrastructure will mean easier operations for the businesses it serves, better living conditions for people and, in general, a greener environment for everyone. Romania's electricity network urgently needs investment to manage the aging of the infrastructure in the context of the increase in demand for electricity", said EIB Vice President Ioannis Tsakiris, quoted in the release.The loan, which can be paid in euros or lei, will help DEER better serve its customers, improve energy efficiency and facilitate the connection of renewable energy sources."In times when we need financing for our ambitious development, the EIB's support is a clear sign to the market that we are reliable and competitive. We are also happy to contribute to Romania's and the EU's energy and climate plans", said Alexandru Chirita, general manager of Electrica.The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its member states. It finances investments that contribute to EU policy objectives. EIB projects strengthen competitiveness, stimulate innovation, promote sustainable development, strengthen social and territorial cohesion and support a fair and rapid transition to climate neutrality.The EIB Group, which also includes the European Investment Fund (EIF), has signed new financing worth a total of 88 billion euros for over 900 projects in 2023. These commitments are expected to mobilize around 320 billion euros in investments, which will support 400,000 enterprises and 5.4 million jobs.DEER serves approximately 4 million users with a coverage of 18 counties in three geographical areas for the distribution of electricity: Northern Transylvania, Southern Transylvania and Northern Muntenia. Since July 2014, Electrica S.A., the group's holding company, has been listed on the Bucharest and London Stock Exchanges.
NATO secretary general Mark Rutte will make his first official visit to Romania on Wednesday, November 5, where he will be received by president Nicușor Dan at the Cotroceni Palace, the Romanian Presidency announced. The announcement comes after
AROBS Transilvania Software (BVB: AROBS), the largest technology company listed on the Bucharest Stock Exchange, announced the acquisition of a 65% majority stake in Sibiu-based engineering company Gess Engineering. Gess Engineering develops and implements complex vehicle testing, validation, and integration solutions. The company provides end-to-end services, from engineering and design, prototype testing, and performance analysis, […]
eMAG, the largest online retailer in Romania, set its 15th edition of Black Friday on November 7. The company estimates sales this year at RON 940 million (EUR 184.7 million), RON 44 million more than the previous year. Overall, customers will have to choose from 100,000 televisions, 600,000 small household appliances, 1.5 million clothing items, […]
The Alliance for the Union of Romanians, or AUR, announced during a meeting on Monday, November 3, that it supports former TV presenter Anca Alexandrescu for the position of mayor of Bucharest. The elections will be held on December 7. The leadership of AUR decided unanimously to support Anca Alexandrescu, although she is not a […]
A former Royal Navy minehunter has arrived at the Port of Constanța on Monday, November 3, to join the Romanian Naval Forces, following a 41-day journey from the United Kingdom that covered more than 4,200 nautical miles. The vessel, now named M271 “Căpitan Constantin Dumitrescu,” is the second minehunter delivered to Romania under a government-to-government […]
Romania has formally signed an intergovernmental agreement to acquire 18 F-16 fighter jets from the Netherlands, the Ministry of Defense announced on Monday, November 3. The aircraft, already stationed at the Fetești Air Base as part of the European F-16 Training Center (EFTC), will now become the property of the Romanian state and will be […]