The European Bank for Reconstruction and Development (EBRD) and OTP Bank sealed a EUR 93-million financing agreement for the construction and operation of the Urleasca Wind Farm in Braila County, Romania. Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance was the legal adviser. Urleasca Wind Farm SRL, the project company, is ultimately equally co-owned by BIG Shopping Centers ltd and MEGA OR ltd, two Israeli companies that own and develop shopping malls and are listed on the Tel Aviv stock exchange. Nadia Badea, Clifford Chance Partner and Head of the Bucharest Energy Practice, says: “Global investors’ enthusiasm regarding Romania’s renewable energy market is once again highlighted in this deal, which marks the entry of a new high-profile investor and the launch of a representative project for Romania’s green energy transition. As this process accelerates, we support clients and partners with our global knowhow and premium legal advice, confident that Romania can reach its true potential and become a regional player for a sustainable future.” Counsel Andreea Sisman added: “This project gave us the opportunity to once again work with two financial institutions with whom we have a long-term and strong relation. This has proven essential for the successful closing of the deal and the exceptional work delivered by all teams involved on complex aspects.”
Druid AI today announced it has secured USD 31 million in Series C financing to advance the global expansion of its enterprise-ready agentic AI platform under the leadership of its new CEO, Joseph Kim. The investment was led by Cipio Partners, with participation from TQ Ventures, Karma Ventures, Smedvig, and Hoxton Ventures. Kim has more […]
Drivers in Bucharest lose, on average, 12 working days annually due to congestion, according to Traffic Index 2025, an analysis carried out by the Institute for Visionary Cities. The index compares how much circulation slows down on working days compared to a free-flow regime, for the 41 county seat municipalities and Bucharest. According to the analysis, […]
Romania’s Senate and Chamber of Deputies held a moment of silence on Monday, September 15, for American conservative activist Charlie Kirk, who was shot dead at a university event on September 10. The marking of Kirk’s death came at the initiative of the far-right party Alliance for the Union of Romanians, or AUR. Both Kirk […]
A mountain shelter is scheduled to open this fall in the Făgăraș Mountains' Curmătura Bratilei area following a EUR 60,000 investment. The shelter, located at an altitude of 2,100 meters, is built by the private ophthalmopediatric hospital Infosan in partnership with the non-profit Carpați Mountain Association and the Brașov Emergency Situations Inspectorate (ISU Brașov). The […]
The official trailer for The Yellow Tie/Cravata Galbenă, a major international production about the life of renowned Romanian conductor Sergiu Celibidache, has been released, with the film set to hit cinemas nationwide on November 14. The cast includes John Malkovich and Miranda Richardson, both double Academy Award nominees, along with Ben Schnetzer, Kate Phillips, Sean […]
The presidential elections held in November 2024 in Romania were influenced by a large-scale hybrid war orchestrated by Russia before they were cancelled, according to general prosecutor Alex Florența. Romania’s presidential election was annulled last December after declassified reports alleged Russian involvement in cyber activities aimed at undermining the integrity...
