Expert Insolventa SRL, as judiciary administrator of Hunedoara Energy Complex Company is in insolvency procedure, transferred shares to the Energy Ministry by completing the mechanism mentioned by Emergency Order 60/2019, the company informs in a press release. This transfer and the sale of Mintia Thermopower Central of December 2022, represent the biggest restructuring of a company of straegic importance made in Romania, with the continuation of activity and ensuring most jobs. The transfer value is over 1 billion lei, reported to the market value established in insolvency procedure. According to Emil Gros, coordinating associate of Insolvency Expert SPRL, once the procedure provided by OUG 60/2019, the transfer of all functional energy and mining shares which serve the activity of Paroseni Power Plant and of subsidiaries Onea, Livezeni, Vulcan, Lupeni and Prestserv is ensured. At the same time, the present staff is transferred ti the new company Valea Jiului Energy Complex, ensuring electric energy supply, as well as the continuation of activity within the National Electroenergy System. Thus the activity of SCEH stops without socio-social impact and its entering banckruptcy will be decided in court.
More than 680 houses in Suceava country and 170 houses in Neamţ county were impacted in the flash floods that hit northeastern Romania at the end of last week. Forty-one houses were completely destroyed, Raed Arafat, the head of the Department for Emergency Situations (DSU), announced on Friday, August 1. Three people were killed in […]
Romanian justice minister Radu Marinescu said on Thursday, July 31, that harsher penalties are being considered for violence against women and domestic violence, including the criminalization of femicide. The minister said that Romania currently has legislation that is fairly adequate, in line with European standards, for combating violence, including domestic violence. He also said that […]
Via Transilvanica, the long-distance trail that crosses the country, will apply to be the first accredited long-distance route in Romania after the government issued the methodological norms regulating the hiking trails of national interest. Tășuleasa Social, the non-profit that developed the trail, called the recently issued norms "a huge step that transforms a bold idea into...
Former prime minister and Social Democratic leader Marcel Ciolacu stated that he does not rule out a candidacy for the presidency of the Buzău County Council, after rumors to that end. PSD Buzău president Romeo Lungu had previously told journalists that discussions are underway for the former prime minister to run for the Buzău County […]
The Balneo-Physiotherapy Clinic in the Călimănești resort town, southern Romania, will undergo rehabilitation with a EUR 10 million financing from the European Union, according to representatives of the Vâlcea County Council. The project implementation period will be 24 months from the completion of the tender for the execution of the works, which include, in addition […]
Bringo, the first personal shopper-based rapid grocery delivery service in Romania, handling over 4,000 daily orders in more than 35 cities, launches a loyalty program that turns shopping into a continuous reward experience. "Beyond functional benefits like discounts, free delivery, or double refunds for SGR packaging collected right at your doorstep, Bringo YOU offers a […]
