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.
Different Beauty, a recently opened exhibition of works by Czech photographer David Těšínský, offers a glimpse into everyday life in the war-torn region of Donbas in 2017. The photos were taken within the span of only a few days, as Těšínský traveled to eastern Ukraine to document the lives of women impacted by war. In […]
Different Beauty, a recently opened exhibition of works by Czech photographer David Těšínský, offers a glimpse into everyday life in the war-torn region of Donbas in 2017. The photos were taken within the span of only a few days, as Těšínský traveled to eastern Ukraine to document the lives of women impacted by war. In […]
Roughly 70% of Romanians are “very” or “moderately” concerned about how AI accesses and uses their data, according to the latest survey conducted by RoCoach in partnership with Novel Research between May and June 2025. Distrust in automated decision-making and the demand for regulation are becoming more pronounced, as Romania rolls out major digitalization projects […]
The Armenian Street Festival returns for a 9th edition between August 1 and 3, 2025, in the “Dimitrie Brândză” Botanical Garden in Bucharest. The festival brings into focus the living heritage of the Armenian community in Romania and the diaspora. According to the organizers, this year’s edition aims to strengthen the Bucharest–Chișinău–Yerevan cultural axis, articulated […]
The Romanian mergers and acquisitions market registered a total of 122 announced transactions in the first half of 2025, with a value exceeding EUR 2.7 billion, marking a slight increase of 6% in volume and 4% in value compared to the same period last year, according to an analysis by George Ureche, partner at PwC Romania. […]
Arrivals recorded in tourist accommodation structures in Romania, including apartments and rental rooms, in the first five months totaled 4.49 million people, up 0.8% compared to the same period in 2024, according to data from the National Institute of Statistics. Of the total number of arrivals during this period, Romanian tourists accounted for 80.8% and […]
