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Life sciences in Romania, encompassing pharmaceuticals, biotechnology, and medical devices, is a sector marked by both significant challenges and promising opportunities. As the country continues to integrate into the European Union’s regulatory and economic frameworks and as those frameworks evolve and become more complex, Romania faces the constant task of aligning its local industry with European and international standards. This alignment is crucial for fostering innovation, ensuring public health, and attracting foreign investment. The industry’s growth is influenced by many factors, such as financing, pricing and reimbursement, regulatory compliance and product liability, and sustainable public procurement tools and processes.

The European Public Prosecutor’s Office (EPPO) is an independent body of the European Union (EU) tasked with investigating criminal cases infringing the financial interests of the EU. The EPPO was formally established in 2017 and started operations in 2021. The first and current head of the European Chief Prosecutor is Laura Codruta Kovesi, former Chief Prosecutor of the National Anticorruption Directorate (Directia Nationala Anticoruptie; DNA), the Romanian agency tasked with investigating corruption cases.

Clifford Chance Badea has advised Premier Energy on its IPO and listing on the Bucharest Stock Exchange amounting to approximately RON 700 million. Dentons advised the bookrunners. Moldova's Turcan Cazac and Cyprus' Chrysses Demetriades & Co reportedly advised the bookrunners as well.

Cobalt, working with Dentons, has advised Latvian national airline AirBaltic on its EUR 340 million issuance of senior secured bonds with a maturity of 5.25 years to be listed on the Euronext Dublin stock exchange. TGS Baltic, working with Linklaters, advised joint global coordinators BNP Paribas, Citi, and JP Morgan, joint bookrunners Morgan Stanley and SEB, and co-managers LHV and Signet Bank.

CMS has advised R.Power Renewables on the up to PLN 190 million financing by Powszechna Kasa Oszczednosci Bank Polski for the construction of a photovoltaic portfolio with a total capacity of about 59 megawatts. Dentons advised the bank.

Greenberg Traurig has advised the Cromwell Property Group on its EUR 285 million sale of a real estate portfolio consisting of six retail centers located in Warsaw, Szczecin, Wroclaw, Lodz, Torun, and Bydgoszcz to Star Capital Finance. Dentons advised Star Capital Finance.

Dentons has advised PBB Deutsche Pfandbriefbank and Helaba Landesbank Hessen-Thueringen on a EUR 155 million refinancing of European Logistics Investment's portfolio of 11 logistics parks in nine locations across Poland, with a total gross leasable area of over 335,000 square meters. Linklaters reportedly advised ELI.

“Water resilience” is joining AI, competitiveness and sovereignty, as a new buzzword in Brussels’ policy-making conversations. But while the latter three concepts are rather intangible, water resilience is a more concrete concept, and is also a life-threatening problem.

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