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.
A Romanian F-16 Fighting Falcon fighter jet deployed as part of NATO’s enhanced air policing mission in the Baltic region shot down a drone in Estonian airspace on Tuesday, May 19, Romania’s Ministry of Defense announced. The interception marks a first for the Romanian Air Force detachment known as the “Carpathian Vipers.” According to the […]
Cluj Business Campus, a real estate and urban workplace experience project developed in Cluj-Napoca, Romania's second-largest city, has entered a new stage of development, with investments of nearly half a million euros allocated for 2026, according to a press release from the institution. The investments are part of a multi-year development calendar and are focused […]
Around 48.6% of respondents in the most recent INSCOP Research survey believe that the no-confidence motion backed by the Social Democratic Party and Alliance for the Union of Romanians, which brought down the Bolojan government on May 5, was a useless act that...
Thirty-five years after the opening of the Șt. O. Iosif bookstore in Brașov, the starting point of Libris, the company is publishing an analysis of the bestselling books of the past decades. From previously banned authors avidly read immediately after 1989 to books about trauma, meaning and healing dominating today’s charts, Libris data reveals how […]
Earlier this week, the Romanian Senate passed a legislative proposal initiated by the far-right Alliance for the Union of Romanians (AUR) under which non-governmental organizations are required to make public all sources of funding and the identity of donors. If the bill is adopted as law, the reports regarding an NGO’s financing would be submitted […]
The National Bank of Romania (BNR) has revised upward its inflation forecast for the end of 2026 to 5.5%, from a previous estimate of 3.9%, according to data presented on Tuesday, May 19, by central bank governor Mugur Isărescu. The institution expects inflation to ease to 2.9% by the end of 2027. Speaking during a […]
