Energy minister Virgil Popescu met Shell company representatives on Thursday and pointed out he encourages the company's return to the Romanian market and its carrying out long term projects in the energy field, especially in the liquefied natural gas sector. “Today I had a meeting with Shell company representatives, whose delegation was led by Youssef Zoubi, the head of GNL division in Europe and Africa. Talks focused the importance of liquefied natural gas in the present energy context, a viable solution on reducing dependence on imports and the increase of supply safety,” minister Popescu wrote on Facebook. According to the latter, the need to diversify energy sources was asserted, with a view to ensuring national and regional security. “I said I encourage the return of Shell company in the Romanian market, thus expressing the wish to develop a long term partnership, to initiate concrete cooperation projects in the field of energy, especially in the liquefied gas sector,” the minister wrote. Popescu pointed out that secretaries of state Dan Dragan and George Niculescu had participated in the meeting. (Photo:https://www.facebook.com/VirgilDPopescu)
Nusco Imobiliara, part of the Nusco group controlled by Italian family Nusco in Romania, contracted a EUR 31.4 million loan from OTP Bank Romania to develop the second stage of Nusco City, the bank announced. The funds will finance the development of three of the seven buildings included in the second development stage. The second […]
Belgium retail group Ahold Delhaize, which operates Romanian retail chain Mega Image, announced it is opening a technology hub in Bucharest, where it plans to hire 250 experts to develop applications for all the group’s brands in Europe. “This technology hub will bring together the best IT&C specialists to develop innovations that serve consumers of […]
The European Commission announced that it initiated an infringement procedure against Romania because the country fails to pay its bills to independent pharmacies in a timely manner. This puts financial pressure and risks pushing into bankruptcy independent pharmacies, the EC says. The commission decided to send Romania a letter of delay due to public health […]
French utility group Engie nearly doubled the capacity of its wind farms in Romania after taking over WIND Project (ROM) SIX – the operator of an 80MW wind farm located in the eastern part of Romania at Chirnogeni, Constanta county. The Competition Council approved the deal,
Golden Food Snacks, controlled by Greek businessman Konstantinos Mitzalis, announced it completed the takeover of Derpan – a local bakery specializing in the production of packaged pastry set up by local entrepreneurs near Galati, in 2001. The deal was cleared by the Romanian Competition Council in 2022,
Romanian do-it-yourself (DIY) chain Dedeman, controlled by local entrepreneurs, announced the opening of its second store in the western Romanian city of Arad upon an investment of EUR 19 million. The investment includes the value of the 9-ha plot of land, the building, as well as the working capital (value of the inventory) needed by […]
