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 plant will be developed as part of Arsat’s cooperation with the US-based start-up Scooterson. Arsat, one of the largest manufacturers of aerospace components in Southeastern […]
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 engine, some vehicles will be banned from entering parts of the city, while others will have to pay to enter. Bucharest is the sixth most […]
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 Bankwatch Romania. Romania is among seven EU countries that have not declared when they will stop using coal. In 2016, Complexul Energetic Oltenia (CEO), the […]
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 EcoBoost Hybrid 48-volt electrified powertrain technology, Ford’s new SUV-inspired compact crossover is the first hybrid vehicle to be manufactured in Romania, according to a press […]
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 CEO Bogdan Badea has confirmed, Romania Insider reported, citing Economica.net. The assets have attracted strong interest, CEZ spokesperson Ladislav Kriz said, according to Profit.ro. CEZ […]
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 the Flow business, the Romanian media reports. Flow also plans expansion to Croatia and Israel, Enoiu told Profit.ro. The Flow app, whose main competition in Bucharest, Romania […]
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 coal is very much possible in the region. The report, Just transition in Hunedoara – Economic diversification in a fair and sustainable manner, outlining scenarios […]
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% stake in 7 wind farm entities in South-East Romania. Although the transaction between IKEA’s parent company and the Danish wind turbine manufacturer is signed, final […]