The prime-minister Marcel Ciolacu met on Wednesday at the government headquarters the general manager of the Greek energy company Public Power Corporation (PPC) and Alessio Menegazzo, manager for Sustainability and Institutional Affairs of the subsidiaries in Romania of the Italian group Enel. PPC and Enel are expected to finalise this month the transaction, announced for the first time on the local market by Profit.ro through which the operations in Romania of the Italians have been taken over by the Greeks.The meeting at Victoria Palace was also attended, besides Stassis and Menegazzo by the founder and CEO of the Romanian group specialized in services for the energy industry Adrem, Corneliu Bodea who is also the president of the professional body Centrul Roman al Energiei. As Profit.ro said, the ministry of energy has recently decided through the Energy Holding Management Company (SAPE) where he is the only shareholder and owns minority stakes in Romanian energy suppliers and distributors whose controlling stakes are being sold by Enel to PPC, that the Italians’ transaction with the Greeks can go ahead without Enel SpA first being obliged to make a sale offer to the Romanian state for the majority stakes about to be sold to the largest Greek energy company. Thus, the details of the conclusion of the acquisition process by the Greek group PPC of the Romanian business of the Italian company Enel, announced for the first time on the local market by Profit.ro, have been finalized. The Italians' entire portfolio in Romania will come under Greek control for a price of €1.26 billion. PPC plans to finance the acquisition through a combination of debt and equity, of which €800 million will come from already secured financing available in the form of a €485 million five-year loan from Greek banks and a €315 million bridge loan from international banks.
Romania is represented at two of the most important European book fairs this week, in London and Brussels, providing the Romanian literary scene with access to a wider audience. Both fairs reunite tens of thousands of visitors in events, lectures, and launches. Romania at the London Book Fair The Romanian Cultural Institute (ICR) is organizing […]
The Romanian Air Force will soon be able to carry out air defense missions for national and allied airspace with three F-16-equipped squadrons stationed across three air bases, defense minister Angel Tîlvăr said. He made the statement at a ceremony at Câmpia Turzii, marking the completion of the F-16 Fighting Falcon aircraft acquisition for the […]
Pro-Russian candidate Călin Georgescu, who is now seeking the support of the Trump administration to run for president of Romania, said Donald Trump "is not what he used to be" and called vice-president JD Vance “a virus” in a podcast from July 2024, Digi24 reported. Georgescu, who was virtually unknown...
The sixth edition of Urban Blues Fest will take place at The Pub Trocadero in Bucharest next month, from April 4 to April 6. This year’s festival promises three nights of blues performances that celebrate both tradition and modernity. The festival kicks off on April 4 with Sentimental Journey, featuring Robert Cristian Zsugya, aka Southernman […]
Graffiti Plus (GRF+), one of Romania’s leading communication consultancy agencies for brands and businesses, announced its intention to debut on the Bucharest Stock Exchange in 2025, a first for a local company in this sector. The company is one of the most awarded agencies in the region. In 2024, it had the highest number of […]
Lidl accelerated its expansion in Romania this year, adding 12 new stores to its local network in two months. This brings the retailer's total number of stores to 377, with plans to open 25 more by the end of the year. The new locations span across both large cities, such as Oradea, Cluj-Napoca, Suceava, Ploiești, […]
