The Greek group PPC, which bought Enel Romania last year, completed the acquisition of the 84 MW wind farm owned by Lukoil in our country. PPC plans to commission 1,300 MW of renewable capacity in Romania in just three years. PPC announces that it has completed, through its subsidiary PPC PPC Renewables, and after fulfilling the usual preconditions for such transactions set out in the previously signed agreement, the acquisition from the European subsidiaries of the Lukoil Group, of a 100% stake in Land Power S.R.L. , which operates a wind farm in Romania with a total installed capacity of 84 MW, according to a company press release. The wind farm is located in the towns of Dorobantu and Topolog, Tulcea, in a region in Romania with the best wind conditions and generates more than 200 GWh of electricity per year. The transaction was carried out through a competitive process, with the participation of international companies, during which PPC Renewables was selected as the preferred bidder. Kommunalkredit Austria AG acted as exclusive financial advisor to the buyer and CMS Cameron McKenna Nabarro Olswang LLP SCP and Milbank LLP acted as counsel to PPC Renewables. The renewable energy production capacities of the PPC group, which took over Enel’s business in Romania last year, will reach a level of almost 2 GW in Romania, as a result of the increase in investments to unprecedented levels, according to the plan announced by PPC in month January.
Around 100 specialists will work around the clock, in three shifts, at the 1 Mai – Băneasa subway tunnel section, part of the line extending to Otopeni Airport, according to secretary-general of the Ministry of Transport, Mariana Ioniță. The first TBM machine, which will begin drilling the tunnel, is set to arrive on Monday, March […]
A new report from the Romanian branch of NGO Justice and Care shows that the scale of the child trafficking phenomenon is underestimated by the authorities and that sexual exploitation, particularly of girls, remains the primary form of trafficking. The study, based on field research and interviews with specialists from three counties, namely Dolj, Bacău, […]
The Romanian Embassy in Pakistan has opened an honorary consulate in Peshawar, covering the Khyber Pakhtunkhwa region. The country is a major source of workers, essential in filling Romania’s labor shortage. Dan Stoenescu, Romania's Ambassador to Pakistan, inaugurated the Honorary Consulate in a special ceremony attended by government officials, business leaders, and members of the […]
EVERGENT Investments, an investment company listed under the ticker EVER, reports a net result of RON 263.66 million for the year 2024, representing a 29% year-over-year increase, surpassing the budgeted level by 175%. The net result is the company’s main performance indicator and consists of net profit and net gains from the sale of financial […]
Sameday, one of the key players in the courier industry, acquired the 24.9% stake held by eMAG in local IT firm Zitec, entering the company's shareholding structure. The transaction is subject to regulatory approval. "Changes in the logistics and courier sectors require rapid adaptations and technological solutions to address the challenges. The growing demand for […]
Nexus, an 8-month silver British shorthair with blue eyes, was crowned Europe’s most beautiful tomcat at the European Feline Championship 2025, an event held in Warsaw, Poland. The tomcat, by his full name Nexus of Winter Foxes, is owned by Oana Pintilii and Alexandru Paraschiv, breeders who have dedicated seven years to this passion. Nexus’s […]
