The Ministry of Energy reacted promptly to the announcement of the acquisition of E.ON Romania by the Hungarian state-owned company MVM, https://spotmedia.ro/ reads. The institution led by Sebastian Burduja stated that it has taken note of this decision. „Although the supply component does not include critical infrastructure elements, the Romanian state will use all legal means for a strict evaluation of this possible transaction,” as stated in the Ministry of Energy’s press release, issued after E.ON and the Hungarian state-owned MVM Group reached an agreement on the sale of E.ON Romania’s household and customer solutions division. "We will continue to firmly defend our strategic interests and promote regional cooperation. Energy is about more than just electricity and natural gas. It is about the safety of our families, national independence, and our European future. These things are non-negotiable," the minister mentioned. MVM Group and E.ON Group signed on Monday, December 16, 2024, an agreement for the sale and purchase of E.ON Romania's household and customer solutions division. According to the agreement, MVM Group will acquire a 68% stake in E.ON Energie Romania and take over a 98% stake in E.ON Asist Complet, as stated by the companies in a press release. E.ON Energie Romania, one of the largest natural gas and electricity providers in the country, serves approximately 3.4 million customers. E.ON Asist Complet is a regional company specialized in energy services, offering solutions for the installation and maintenance of infrastructure. The transaction is expected to be completed in 2025, after obtaining all necessary approvals from competent authorities. The two companies have decided not to disclose the value of the transaction. MVM Group is the second-largest company in Hungary and ranks sixth in Central Europe. With an active presence in 23 countries, over 19,000 employees, and a portfolio of over 11 million customers, both residential and corporate (including nearly two million in the Czech Republic, Slovakia, and Romania), MVM Group is an important player in the region's energy ecosystem. The state-owned MVM company represents the "energy arm" of the Viktor Orban government and has a strong collaboration with state-owned companies in Russia, despite Russia's increasing isolation by the international community in response to the invasion in Ukraine, according to Economedia. The Hungarian government is the sole shareholder of MVM, according to the independent rating agency Fitch.
The SIGNAL IDUNA companies concluded 2024 with a total gross written premium volume of approximately RON 424 million, marking an aggregated growth of 16% compared to the previous year. These financial results reflect the consolidation of a sustainable development strategy, supported by portfolio expansion, digitalization, the launch of new solutions for both individual and corporate […]
Kantar Romania launched, during an event dedicated to their clients, "The Trust Factor – Building Brands That Endure Uncertainty", the top 20 brands that manage to inspire the greatest confidence among the Romanian consumers, based on the analysis of 162 brands from 12 sectors*. In a period marked by uncertainty and skepticism, trust becomes the […]
Balancing career success with personal growth is a challenge many professionals face today. As the pressure to achieve and perform increases, many begin to crave more than just success: they want clarity, alignment, and a deeper sense of purpose. For Lin Holmquist, business coach and one of Europe’s most acclaimed experts in Tantra, Yoga, and […]
CFR Călători, the state-owned railway company for passengers, announced that the first train entirely made up of rolling stock modernized with funds from the EU-backed Recovery and Resilience Fund (PNRR) was introduced on the Bucharest North – Constanța route. The train, which is already running, consists of a locomotive delivered by the Softronic factory in […]
The first edition of Urban Habits (nUH), a festival aiming to be “a space for ideas, debates, co-creation, and experimentation,” takes place between April 26 and April 27 at Lokal and on Erou Ion Călin Street, which will be temporarily transformed into a pedestrian space. The program will address themes ranging from innovation, design, and […]
Mall Moldova, the largest shopping center in the Moldova region, officially opened on April 17 in Iași, covering 110,000 sqm. Developed by Prime Kapital, in partnership with MAS P.L.C., Mall Moldova is part of a large-scale investment plan carried out by the two investors in Iași, worth approximately half a billion euros, which also includes […]
