Law firm CMS has advised Entek Elektrik Üretim A.Ş. (Entek), a Koç group company engaged in the energy sector, on the acquisition of two Romanian companies owning the rights, some of which are in the application process, to a 214.26 MWdc solar power project under development, from UK-based Econergy International Ltd.

Renovatio Solar, a company from the Renovatio ecosystem, one of the main players in the field of solar energy and green technology in Romania, has completed the installation of 650 photovoltaic panels on the ANA Hotels (office building) and Crowne Plaza (hotel) buildings in Bucharest. 

tbi bank and Safety Broker sign a strategic partnership through which they offer Romanians insurance, including RCA, with payment in interest-free installments

The main challenge faced by the business environment is represented by legislative ambiguities and uncertainties, according to more than 70% of the respondents of the latest edition, from March 2024, of the survey conducted by the Foreign Investors Council (FIC) - Business Sentiment Index (BSI).

Real estate consultancy company iO Partners announces the successful closing of the sale of Expo Market Doraly to WDP. The iO Partners team advised the sellers – ARA Europe and the Romanian investor Gheorghe Iaciu, who founded Expo Market Doraly in 1993.

CMS has advised automotive manufacturing company Ford Otosan Romania SRL (Ford Otosan Romania) on a EUR 435m financing from a syndicate of banks, arranged by SOCIETE GENERALE and BRD GROUPE SOCIETE GENERALE S.A., as Coordinating Mandated Lead Arrangers and Bookrunners. 

After a six-month pilot project in 2023, e-Mobility Rentals and Glovo announce the consolidation of their strategic partnership with electric vehicles operating on a unique interchangeable universal battery system, the first of its kind in Europe. Initially launched with 24 vehicles, the pilot tripled its capacity to further encourage eco-friendly delivery services and actively contributed to improving urban mobility and reducing pollution.

As decarbonization influences the global ESG matrix, sustainable development priorities face a major switch worldwide. The year 2024 marks concrete facts and changes in the role of decarbonization strategies as pivotal pillar for business success – from ESG and building certification ratings to new regulations and technology.