Romania is the next market for investors in data centers
Global spending on public cloud services is expected to grow by 20.4% in 2024. In this context, Romania is becoming…
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Developing artificial intelligence (AI) requires a new energy infrastructure
The development of AI places increased demands on data centre infrastructure and cooling, and prefabricated modular data centres are becoming…
Electric cars process 25 GB of data per hour
Modern electric machines process 25 GB of information per hour, compared to a DVD which was 4.7 GB. In this…
Data centres are becoming increasingly attractive to the real estate industry
In recent years, data centres have become increasingly attractive to real estate players. Unfortunately, data centre operators are looking to…
Romania’s data centre market is microscopic; every chance to grow
The data centre market in Romania is microscopic, with only 48 MW of installed capacity, but the region has every…
Data centres have become energy-intensive units
Data centres have become energy-intensive units, and this directly affects us, generating potential performance imbalances, said Marius Poșa, Undersecretary of…
Transgaz builds the supply pipeline of the Mintia plant, an investment of 60 mln. euro
The Minister of Energy, Sebastian Burduja and the General Director of Transgaz, Ion Sterian, signed a financing contract for the…
OMV Petrom completes the acquisition of Renovatio Asset Management
OMV Petrom, the largest integrated energy producer in Southeast Europe, has completed the acquisition of Renovatio Asset Management, the owner…
OPEC extends the period of oil production reduction until 2025
OPEC+ agreed on Sunday to extend most of the big oil output cuts to 2024 but begin phasing them out…
Budget of 362 mln. euro for gas production of energy in the thermal sector
The guide related to the state aid scheme which finances with almost 362 million euros the development of gas production…
ELCEN submitted financing requests for new cogeneration plants of 286 mln. euro
On Thursday, ELCEN submitted the financing requests for the construction of new high-efficiency cogeneration plants at CTE Grozăvesti and CTE…
Eaton’s buy-back solution for upgrading UPS systems: Trade-In 2024
Eaton is running a campaign that aims to provide affordable solutions for modernizing uninterruptible power supply (UPS) systems by replacing…
Energy Charter Treaty: Council gives final green light to EU’s withdrawal
With the decisions adopted on Thursday, the European Union and Euratom will leave the Energy Charter Treaty, while member states…
Impact of NZIA on the Romanian oil and gas industry: Market interventions and CO2 injection obligations
The Oil and Gas Employers’ Federation (FPPG) notes the adoption, this week, of the Net Zero Industry Act (NZIA) by…
BSOG, Carlyle and EBRD invest in a new network of biogas plants in Romania
Black Sea Oil & Gas (BSOG), together with its shareholders, the global investment firm Carlyle and the European Bank for…
Romgaz will launch a first issue of international bonds, worth 500 mln. euro, in July
Romgaz’s first international bond issue, worth 500 million euro, is scheduled for mid-July, said the company’s general manager, Răzvan Popescu.…
US offers the Republic of Moldova 50 mln. USD to strengthen resilience
The US State Administration will offer the Republic of Moldova 50 million dollars to strengthen the republic’s ability to resist…
Minister of Energy signs today three financing contracts from the Modernization Fund
The Ministry of Energy organizes at the institution’s headquarters the conference for signing three financing contracts from the Modernization Fund…
Rompetrol Rafinare invests 16 mln. USD in new reactors for Petromidia refinery
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), introduced two modern reactors into the operational flow of…
ProCredit Bank launches Sustenagora Academy, a training program for sustainable agriculture
ProCredit Bank organizes the Sustenagora Academy, a program dedicated to conservative and regenerative agriculture through which customers from the agro…
Dărăban: There are problems in the settlement from the Transition Fund
We have a problem in the way the financial sources are secured at the Transitional Fund from which the payments…
Hanga (BSE): The listing of Premier Energy increases the quota of the energy and utilities sector to 66% of the capitalization
The listing of Premier Energy increases the representativeness of the energy and utilities sector to 66% of the total capitalization…