The European Bank for Reconstruction and Development (EBRD) and Raiffeisen Bank International are lending EUR 110 million to the Israeli company Nofar Energy for the development of two photovoltaic parks located in Iepuresti and Ghimpati, in the south-east of Romania, with a total installed capacity of 330 MW.
The financing is extended in equal shares by EBRD and Raiffeisen with EUR 55 million to be extended by each in two installments - EUR 25 million and EUR 30 million, respectively.
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The Confident Group, a corporate and brand communications cluster present in Bucharest and Barcelona, launches Confident Impact, its new sustainability-focused business line. The move marks a strategic expansion into comprehensive Sustainability services, including ESG and CSR specific solutions, tailored for both corporations and SMEs. Confident Impact is a growing one stop shop delivering a comprehensive,...
Bucharest’s five-star Radisson Blu Hotel launched “Art in Motion,” a pop-up exhibition developed in partnership with Art Safari, the largest organizer of art exhibitions in Eastern Europe. The exhibition can be viewed from early June to July 31 in public areas of the hotel. According to the hotel press release, the initiative underscores Bucharest’s role […]
Leading retail park owner M Core has invested more than EUR 150 million in the Romanian market over the past six months, significantly expanding its presence through a series of acquisitions and new developments. The company acquired Focșani Shopping Centre from KBC, Suceava Shopping City, and seven fully leased retail parks previously owned by MAS. […]
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Romania’s Chamber of Deputies has officially designated 2026 as “The Year of Nadia Comăneci,” approving the bill on Wednesday, June 11, with 307 votes in favor, News.ro reported. As the lower Parliament house serves as the final decision-making authority, the legislation now advances to the president for promulgation...
Tarom, Romania’s embattled national carrier, announced on Tuesday, June 10, that it has finalized the sale for the 50% stake in the company Romanian Fueling Services S.R.L. The buyer is Air British Petroleum, a division within the global energy giant BP. The sale is part of Tarom’s Restructuring Plan, which will end in 2026. Following […]
