Tag: takeover

  • June 24, 2023 – UPDATE

    June 24, 2023 – UPDATE

    PRICES
    Romania is the EU member country with the smallest prices for foodstuffs and soft
    drinks, according to the European Statistics Office. Specifically, in Romania, such
    products were nearly 30% cheaper than the European average. In fact, Romania
    also saw the lowest levels of household end consumer prices. At the opposite
    pole, Ireland, Denmark and Luxembourg are the most expensive countries to live
    in. The most significant differences were in terms of alcohol and tobacco
    prices-such products are over 3 times more expensive in Denmark compared to Bulgaria.
    The latter country also reports the lowest prices in the hospitality industry.


    ENERGY The European Commission approved the takeover
    of the Romanian operations of the Italian utilities group Enel by the Public
    Power Corporation (PPC) in Greece. The EC reached the conclusion that the
    takeover raises no competition concerns, given that the operations of the 2
    companies do not overlap. Enel announced in March it would sell its Romanian
    operation to PPC for EUR 1.26 bln, in a plan to reduce debt and focus on green
    energy. Enel group, which operated in Romania since 2005, is currently a major
    player in energy supply and distribution, in renewable energy and advanced
    energy services. It services over 3 million consumers in 3 major regions in
    Romania. With the takeover completed, the Greek group Public Power Corporation becomes
    the largest player in the electricity market in South-Eastern Europe.


    BLOUSE The Romanian blouse was celebrated this year as
    well on 24 June, both in the country and in Romanian communities around the
    world. The Universal Day of the Romanian Blouse is a cultural diplomacy
    instrument and a means to promote Romanian culture and traditions. The country
    hosted events devoted to the traditional blouse, ia, including an Art Safary
    exhibition of folk costumes in Bucharest, screenings and creative workshops for
    children, as well as a fashion show featuring the traditional blouse as a street
    wear element. Some museums, including the Ethnography Museum in Braşov and ASTRA
    Museum in Sibiu, received visitors free of charge if they came dressed in
    traditional blouses. Last year the Romanian blouse was included in the UNESCO Heritage list.


    THEATRE
    The central Romanian city of Sibiu, a European capital of culture in 2007, is
    hosting the International Theatre Festival, currently in its 30th
    year. This year’s theme is Miracle.
    Until 2 July, 825 indoor and outdoor events
    will take place, bringing together some 5,000 artists and guests from 75 countries.
    All the outdoor performances are free of charge. The festival also keeps its
    online section, which includes 40 shows. The official opening took place on
    Friday night, with the play A Cathedral Full of Organs staged at the Lutheran
    Cathedral of St. Mary in Sibiu.


    HOLIDAY Orthodox and Greek-Catholic
    Christians celebrated on Saturday the Nativity of St. John the Baptist, the
    last Old Testament prophet. St. John the Baptist was born 6 months before Jesus;
    he urged people to repent their sins and baptised them in the River Jordan. John
    also baptised Jesus, presenting him to the world as the Messiah. The Christian
    feast day of St. John the Baptist overlaps a pre-Christian tradition in which
    24 June was devoted to the Sânziene, gentle fairies believed to bring fertility
    and wealth.


    ROWING Romania’s Cătălin Chirilă won the silver in the men’s canoe single
    500m final on Saturday at the European Games in Krakow-Malopolska (Poland). This
    was the 4th medal for Romania, after Bianca Ghelber won the silver in
    the hammer throw event, athlete Andrea Miklos won the bronze in the 400 m race,
    and Ştefan Comănescu also came in 3rd at the 67 kg kumite.
    Romania takes part in the European Games in Krakow-Malopolska, between 21 June
    and 2 July with 150 athletes in 18 disciplines. (AMP)