Deloitte Romania advised the Czech energy group CEZ in the sale of seven of its Romanian subsidiaries, active in electricity distribution, supply and renewables, to the infrastructure investor Macquarie Infrastructure and Real Assets (MIRA), one of the world’s leading alternative asset managers, owned by the Australian group Macquarie. The assets included in the transaction are CEZ Romania’s electricity distribution network, the electricity and gas supply business, with 1.4 million clients, and the largest onshore wind park in Europe, located in Fantanele–Cogealac. This is considered a landmark deal in the Romanian mergers and acquisitions market and the largest transaction in the energy sector in the last years. The agreement was signed at the end of October 2020 for an undisclosed amount and is subject to approval from the European Antitrust Authority and the Romanian Supreme Council of Defence.
Romgaz, one of Romania’s most important state-owned energy companies, is set to become a natural gas supplier and expand abroad, in line with new goals set by the Ministry of Energy. If the procurement and implementation procedures proceed according to the established schedule, the first offers established by Romgaz for residential and small non-residential consumers […]
Roborock, a global leader in home robotics engineered to simplify daily life, announces its participation in CES 2025 with its "Rock a New Era" theme, inviting consumers and industry observers to discover a new world of highly intelligent smart home cleaning led by its new Saros flagship series, featuring its latest R&D breakthrough, the Roborock […]
Floria, a benchmark brand in the Romanian floristry market, continues its expansion in the shopping centers of the capital and has opened a new franchise flower shop. Following its locations in Promenada Mall, Băneasa Shopping Center, Plaza Romania, AFI Cotroceni, and Sun Plaza, the new flower shop in Bucharest Mall, opened with an investment of […]
Romania's radical party AUR (Alliance for the Union of Romanians) is set to hold a large-scale protest for “freedom and democracy” on January 12 in Bucharest, marking their opposition to the annulment of the presidential elections by the Romanian Constitutional Court. AUR is also holding the event to signal their disapproval of incumbent president Klaus […]
The Romanian Ministry of Energy announced that the volume of natural gas exported from the Neptun Deep perimeter to Germany, under a contract previously reported by media, will represent less than 1% of the total estimated production of the Black Sea field, which has estimated reserves of over 100 billion cubic meters of natural gas, […]
For the Romanian IT companies, an important sector in the local economy, 2024 meant fewer new contracts, a much longer time needed to attract new business, increased labor costs amid legislative changes, and an unfavorable global context, according to a report filed at the end of last year by the management of the Employers' Association […]
