Energy | 1 September, 2025 at 9:47 AM
Simtel Team appoints new Group CFO to drive consolidation
Romanian engineering group Simtel Team has announced the appointment of Mihai Velicu as its new Group CFO.
Romanian engineering group Simtel Team has announced the appointment of Mihai Velicu as its new Group CFO.
Banca Transilvania (BT) has successfully completed its inaugural issuance of sustainable bonds in Romanian Lei, attracting RON 1.5 billion (€301.7 million).
Romania's consolidated general budget recorded a deficit of RON 121.77 billion (€23.90 billion), equivalent to 6.40% of GDP, in the first eleven months of 2025, down 0.74 percentage points from 7.15% in the same period of 2024.
A company from the PPC Romania group will construct a natural gas power plant with a capacity of approximately 100 MW on Valea Terovei, on the site of the former UCC - Uzina Cocso Chimică platform in Reșița.
Romanian business managers across key sectors forecast a moderate decline in economic activity for December 2025 to February 2026, according to the latest survey from the INS.
Romanian businesses are facing increased exposure to fiscal and operational risks as customs controls intensify across Europe and nationally, according to EY Romania experts.
State-owned power producer Hidroelectrica has convened an Extraordinary General Meeting of Shareholders (EGMS) for 27 January 2026 to approve a strategic partnership with EDF.