Category: Uncategorized

Romania’s Ministry of Energy announced on December 16 that it has completed the evaluation of the financial offers submitted by participants in the first Contracts for Difference (CFD) auction in Romania, and contracts for over 1,500MW of new green energy production capacity have been awarded. Out of a total of 48 bids submitted for both technologies,…

German energy group E.ON reached an agreement to sell its 68% stake in Romanian electricity and natural gas supplier E.ON Energie Romania and 98% of related services unit E.ON Asist Complet to the Hungarian state-owned company MVM, according to a press release of the two companies. The terms of the deal were not disclosed. The…

The 5 To Go coffee shop chain, founded in 2015 by Radu Savopol and Lucian Bădilă and now partly owned by Mozaik investment fund [35%], is in talks with a series of investment funds for the sale of a stake, possibly a majority stake, according to Profit.ro. “The deal was not signed yet. Indeed, this year…

Low-cost carrier Wizz Air announced plans to establish a permanent base in Chișinău, the capital of the Republic of Moldova. The airline will allocate a second aircraft to the base in summer 2025, introducing three new routes and adding over 360,000 seats annually to and from Moldova. The new routes from Chișinău include Barcelona and…

Nicușor Dan, who won a second mandate as the mayor of Bucharest this spring, will run for president as an independent in the 2025 elections, he announced on December 16. Romania is set to hold presidential elections again next year, after the country’s Constitutional Court (CCR) annulled, on December 6, the results of the first…

Far-right Romanian politician Călin Georgescu appeared on Monday, December 16, before the High Court of Cassation and Justice seeking to overturn the decision of the Constitutional Court to redo the presidential elections. The independent candidate, who came seemingly out of nowhere to secure first place in the first round of the now-annulled presidential elections held…

Revolut Bank UAB, which has over 4 million customers in Romania, announced that it has started the migration of customers from the Lithuanian entity to the local one. The digital bank also began issuing Romanian IBAN codes to the existing clients. In the last 12 months, Revolut opened local operations via branches in Ireland, France,…

A Romanian court in Prahova county overturned the judicial supervision placed on Horațiu Potra, a former fighter in the French Foreign Legion, in a case in which he was accused of planning to incite protests and violating the rules regarding weapons and ammunition.  Potra, who now has no restrictions on his freedom, was stopped while…

The Săvârșin Royal Domain in Arad county, western Romania, will host a special Christmas fair this week, from December 19 to 22. Hosted by the Royal Village, at the entrance to the estate, the market will be open between 10:00 am to 7:00 pm. The Royal Automobile Museum, the Tea House, King Michael’s Auto Workshop,…

Piletilevi Group, the leading player in ticket sales in Central Europe, which acquired the majority stake in Romania’s oldest ticketing company, Bilete.ro, in the summer of 2023, also took over Ticketing Nation SRL, the operator of the ticket sales platforms Entertix.ro and Myticket.ro.  The transaction was finalized on December 16 after receiving the necessary approvals…