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CEZ

November 14, 2019

CEZ receives over 30 letters of interest for Romanian assets

Czech energy group CEZ has received more than 30 expressions of interest for its Romanian assets, which include Europe’s largest on-shore wind farm, the 600 MW Fantanele-Cogealac, and plans to…

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Arsat

November 8, 2019

Romania’s Arsat Group to build electric scooter factory

Romanian industrial group Arsat plans to build an electric scooter factory, in a project funded under a series of financing agreements with state-owned lender Eximbank, local media have reported. The…

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November 4, 2019

Bucharest to introduce oxygen vignette, ban high-polluting cars from parts of city

Bucharest authorities are introducing a special tax called the Oxygen vignette for cars not meeting the Euro 5 standard, portal Romania-insider has reported. Depending on the Euro standard of the…

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October 25, 2019

Court halts expansion of largest coal mine in Romania following Bankwatch appeal

A Bucharest court has blocked an expansion of Rosia, the largest coal mine in Romania located in Gorj county, following a legal challenge to the mine’s environmental permit lodged by…

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Ford hybrid

October 9, 2019

Ford launches production of Romania’s first hybrid vehicle

U.S. carmaker Ford Motor Company has started manufacturing a new hybrid car, an electrified new Ford Puma, following a EUR 200 million investment in Craiova, Romania. Offered with advanced Ford…

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Hidroelectrica CEZ

October 8, 2019

Hidroelectrica files non-binding letter of intent to buy CEZ assets in Romania

Romania’s Hidroelectrica, the country’s largest power producer 80%-controlled by the state, has submitted a non-binding letter of intent to buy the assets of Czech energy company CEZ in Romania, Hidroelectrica…

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Flow

October 3, 2019

Electric scooter sharing app Flow to be available in Belgrade in 2020

Romanian electric scooter sharing app Flow will be offered in Belgrade, Serbia in 2020, according to Bogdan Enoiu, managing director of marketing communications agency McCann Erickson Romania and manager of…

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Just transition post-coal jobs

September 23, 2019

Just transition report looks into post-coal job prospects in Romania’s Jiu Valley

NGOs Greenpeace and Bankwatch Romania have launched a new report outlining scenarios for the just transition of Romania’s best-known coal region, Jiu Valley, highlighting job growth and economic development without…

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IKEA Vestas

September 13, 2019

IKEA parent confirms acquisition of Vestas’ 80% stake in Romanian wind farms

Ingka Group, the parent company of Swedish furniture giant IKEA, has confirmed in a press release it has reached an agreement with Denmark’s Vestas Wind Systems to acquire an 80%…

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Green Group

September 12, 2019

Syndicated loan for Green Group signals stronger backing for sustainable economy

Green Group, which gathers six Romanian companies specialized in waste collection and recycling companies, has secured Romania’s first syndicated loan signaling the local banking sector’s more significant involvement in the…

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CEZ

September 11, 2019

Europe’s largest on-shore wind farm is on sale – CEZ starts divestment in Romania

Czech energy company CEZ has officially launched the divestment process in Romania, offering seven companies in the country including Europe’s largest on-shore wind park Fantanele-Cogealac, with 600 MW of installed…

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assets

September 6, 2019

Italy’s Enel launches sale of Romanian assets

Italian energy company Enel has initiated the sale of its assets in Romania, Reuters has reported. Just a week ago Romanian state-owned power utility Hidroelectrica invited bids to select an…

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