The participation of the European Bank for Reconstruction and Development (EBRD) in Electrica's capital fell below 5%, after the international financial institution sold, at the beginning of this week, 205,505 shares of the company, according to a press release sent to the Bucharest Stock Exchange (BVB).Electrica informed investors and shareholders on Friday that, on January 19, 2024, it received a notification from EBRD, regarding the selling of shares."According to the notification, on January 15, 2024, EBRD disposed of a number of 205,505 Electrica shares, falling below the 5% threshold provided for by Article 71 of Law 24/2017 on the issuance of financial instruments and market operations, thus reaching a holding 4.9502% of the voting rights of Electrica," the press release reads.Since July 2014, Electrica is a company with majority private capital, listed on the Bucharest and London stock exchanges.EBRD is one of the main institutional investors in Romania. To date, the EBRD has invested 10.5 billion euros through 515 projects in Romania, focusing on infrastructure financing and the development of the private sector and capital markets.
President Nicușor Dan has nominated Senate president Ilie Bolojan, a leader of the National Liberal Party (PNL) and former interim president, for the prime minister seat. Dan said Bolojan is “the best person to carry out the needed adjustments in the state administration.” He pointed to Bolojan’s track record with reducing spending, and said he has […]
Balkanik Festival – Home of World Music, set to take place at Uranus Garden between September 5 and September 7, lines up this year artists who "celebrate that form of joy that does not ignore reality, but faces it with beauty, energy, and solidarity," the organizers said. The artists performing in September in Bucharest will […]
The mayor of Timișoara, Dominic Fritz, announced on Friday, June 20, that two new bridges over the Bega River will be built in the city. The bridges will be financed with EU-backed funds worth over RON 130 million. The bridges in question are the Solventul Bridge, which will connect Gării Street to Dâmbovița Boulevard and […]
A Sarmatian necropolis nearly 2,000 years old was discovered after archaeological excavations were carried out at the Mehala II site in the municipality of Timișoara, in western Romania. Researchers discovered 15 inhumation graves, most arranged in rectangular pits with rounded corners, although some no longer retain their original outline, having been disturbed by the passage […]
The George Enescu Philharmonic Orchestra will deliver on June 26 a concert marking Romania Day at the Osaka World Expo. Additionally, the Bucharest-based orchestra will present a series of other concerts and recitals, both within the Romanian Pavilion and outside, at Toyonara Hall in Osaka. The George Enescu Philharmonic Orchestra's concerts will be conducted by […]
Sphera Franchise Group, the largest food service group in Romania, has opened its first Cioccolatitaliani store in the seaside resort of Riccione, in Italy’s Rimini tourist area. This marks the official launch of Sphera Group’s development plan for the premium Italian brand of coffee, gelato, and pastry. Under the plan, it will open four locations […]
