Romanian state-owned company Hidroelectrica, the largest electricity producer in Romania, has launched a tender through which it wants to contract works for constructing an electricity storage facility at its Crucea Nord wind farm in Dobrogea, Profit reported.
It took over the farm, with an...
Axel Johnson Inc. (AJI) announced on November 1 that it has acquired La Fântâna S.R.L., a market-leading water solution provider in Central and Eastern Europe, from Oresa Ventures. Founded in 2000 by Romanian entrepreneur Cristian Amza, La Fântâna operates today in Romania and Serbia with 1,000 employees, owned water sources, bottling plants, and service centers. […]
The Bucharest-Ilfov Green Belt project took a major step forward on Thursday, October 31, when the planting of the first 15,000 trees began on an area of 3.5 hectares. Moreover, at the same time, the initiators drafted and submitted to Parliament several amendments to the new Forestry Code bill aimed at extending the concept nationwide. […]
Romania’s Ministry of Foreign Affairs (MAE) confirmed on November 1 that according to information provided by Spanish authorities, one person on the list of missing Romanian citizens has been found dead following the flood in the Valencia region of Spain. The ministry extended condolences to the grieving family and advised Romanians to contact the Romanian […]
Romania’s seasonally adjusted unemployment rate held steady at 5.5% in September, unchanged from August, according to data published by the statistics office INS. The estimated number of unemployed people aged 15-74 fell slightly to 450,900 from 452,300 in August and 455,300 in September 2023. Unemployment rates varied by gender, with a rate of 5.7% for […]
NATO recently staged one of its largest military exercises in months at the Cincu training ground in Brașov County, Romania, where over 1,500 soldiers from seven allied countries simulated a response to an invasion scenario involving the country’s urgent defense. Fighter jets dropped bombs, and thousands of bullets were fired as NATO forces executed a […]
The Ministry of Finance in Romania revised the gross borrowing requirement from RON 217 billion to RON 235 billion, according to documents consulted by Profit.ro. Initially, Romania planned RON 181 billion gross loan borrowing requirements in line with...
