Electrica Furnizare announced on Monday that they start the construction project of an electrical photovoltaic power station for the furniture factory Lemet, the developer of the Lems chain stores, with installed power of 975.2 kWp and an average annual production of electricity estimated at 1,082 Mwh. The project started in Prahova county means the installation of photovoltaic modules, each with power of 530 Wp, on slanting roofs of three of the workhouses belonging to the furniture factory Lemet Campina, company which has turned 30 since setting up. At present, the project is under development, to be finalised at the beginning of 2022. With experience of over 120 years in the domain of energy, Electrica Furnizare entered in 2020 the market of electricity production from renewable sources, by the acquisition of the Stanesti Photovoltaic Park, Giurgiu county with a capacity of 7.5 MWp. At present, the company is developing a series of projects which involve delivery of personalized solutions, turnkey solutions for the production of green energy, joining the strategy of the Group Electrica which aims at contributing in the sustainable development of the business, in the context of the European Green Pact. Lemet Campina was set up in 1991 and this year they celebrate 30 years. Starting with 2005, the company localized in Brebu, Campina has developed the chain store Lems as brand of the furniture factory. The Lems retailer is the most extended chain of furniture stores in Romania. The factory Lemet produces annually approximately 150,000 furniture kits.
The union at the Automobile Dacia automobile factory in Mioveni expressed concern about the administration's proposal to reduce production, starting in January 2026. The production is reportedly planned to be reduced to 55 units per hour, from 65 units currently, according to the company's employees speaking for Europa FM, as reported by
Romanian prime minister Ilie Bolojan announced on November 21 that a decision will be taken in December regarding the minimum turnover tax (IMCA) applied to companies with a turnover of EUR 50 million or more, whose 16% profit tax falls below 1% of turnover, Economica.net...
Prime minister Ilie Bolojan, in a press conference on November 21, said that Romania took steps to protect the interests of state company Romgaz, which holds 12.2% in the Trident Black Sea offshore perimeter operated by Russia's Lukoil. He said that the authorities in Bucharest "collaborated" with the Office of Foreign Assets Control (OFAC) within […]
Kazakhstan's national oil and gas company, KazMunayGas, is set to partially divest its European assets, which include KMG International (KMGI, formerly Rompetrol Group) with Romania's largest refinery, Petromidia (4.8 million tonnes refining capacity), in its portfolio. KazMunayGas plans to sell up to 50% of its European holdings, according to
Romania's public debt increased by RON 30.3 billion (EUR 6 billion) in July after the new government of prime minister Ilie Bolojan returned to the international market following a period of absence due to the political turmoil caused by the presidential elections and the formation of a new ruling majority. Romania's public debt hit RON […]
The Romanian Environment Ministry has proposed new legislation that would make the illegal cutting of trees in urban green spaces a criminal offense punishable by prison. The move aims to close what officials describe as a legal loophole that has hindered environmental protection in cities. The draft emergency ordinance
