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.
AQUILA (BVB: AQ), the market leader in the field of integrated distribution and logistics services for consumer goods in Romania and the Republic of Moldova, reported an 11% increase in revenues in the first quarter of 2024 compared to the same period last year, to RON 624 million (EUR 125 mln). However, the company’s net […]
Emil Sâncrăian and Bogdan Haș, two former managers in top companies in the pharma and medical device industry, have started a business that will bring new perspectives to the medical industry in Romania. The two entrepreneurs have set up Global Med Care, a project that promises to redefine standards in the Romanian medical field. Focusing […]
Romanian prime minister Marcel Ciolacu stated during Thursday's government meeting that "some retailers have reduced product quantities but kept prices equally high.” He asked state authorities and regulators to conduct checks into the matter. The executive will also implement regulations following the French model, with visible indications of quantity reductions and modifications in terms of […]
New mortgage loans worth approximately EUR 1.1 billion were granted in the first three months of 2024, up about 29% compared to the level of Q1 2023, according to a market report released by financial consultant SVN Romania | Credit & Financial Solutions. Refinancings, conversions, transfers, and restructurings were excluded from this volume. In total, […]
The European Bank for Reconstruction and Development (EBRD) and the Bucharest Stock Exchange (BVB) will work together to review the Romanian market’s corporate governance code, aligning it with recent regulatory changes and updated global standards. The initiative is designed to help listed companies improve their governance and reporting quality. The reviewed Code will be aligning […]
Thing, the beloved character on Netflix’s hit show Wednesday, will be played by Romanian actor Victor Dorobanțu in season 2 as well. The first season of the show was shot in Romania, but production for the second season moved to Ireland. Thing was chosen by the production team to be the "influencer" sharing all the […]
