EBRD improved outlook for the Romanian economy in 2023 to 2.5%
The European Bank for Reconstruction and Development (EBRD) has improved the estimates regarding the evolution of the Romanian economy in…
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General Interest
It’s official: OMV Petrom will pay the solidarity tax – 300 mln. euro for 2022 and 76 mln. for Q1 2023
OMV Petrom announced, through a statement sent to the Bucharest Stock Exchange, that it will pay a solidarity tax of…
Transgaz reported a 53% drop in net profit after the first quarter
In the first quarter of this year, Transgaz recorded an individual net profit of 125.37 million lei, down 53% compared…
IFC invests 100 mln. euro in BCR’s green bond issue
To help expand climate finance while strengthening Romania’s banking system and capital markets, IFC is investing 100 million euro in…
Enel: New board appoints Flavio Cattaneo as CEO and general manager
The Board of Directors of Enel, appointed by the ordinary Shareholders’ Meeting on May 10th, 2023, meeting for the first…
Boloş: Romania’s REPowerEU plan has not been rejected, but is in the informal consultation phase
Romania’s REPowerEU plan has not been rejected, but is in the informal consultation phase, the European Commission asking for additional…
First quarter profit: Hidroelectrica increases by 34%, Romgaz stagnates, SNN loses 6.4%
Hidroelectrica achieved a net profit of 1.74 billion lei after the first three months of 2023, 34% higher than that…
Mircea Man, ANRE: We will make a series of important changes that will help investors
Mircea Man, the vice-president of ANRE, announced announced during the Energy Forum – Renewables event organized on Thursday, May 11,…
Dan Drăgan: Europe first of all needs energy security at affordable prices
Europe primarily needs energy security at affordable prices, and reducing dependence on Russian energy imports, increasing security of supply and…
Niculescu, ANRE: Digitalization transforms the energy system, allows the generation of innovative energy services
The digitalization trend makes the energy system smarter and allows consumers to benefit from innovative energy services, said on Wednesday,…
BNR keeps key interest rate at 7% per year as inflation decreases
The Board of Directors of the National Bank of Romania (BNR) decided on Wednesday to maintain the monetary policy interest…
Barna Tánczos: Casa Verde Photovoltaic program will start on May 19, at regional level
The Minister of the Environment, Barna Tánczos, announced that, from May 19, registrations for the Photovoltaic Green House Program will…
Chinese investments in Europe are refocusing on the production of EV batteries
Chinese investment in Europe is changing from mergers and acquisitions to greenfield projects, especially in the field of battery production…
FEL Romania – analysis of the effects of the war on the energy sector
Future Energy Leaders Romania (FEL Romania) launches the analysis entitled “The effects of the war in Ukraine on the energy…
Smart City: Brașov invests 30 mln. lei in a smart traffic light system
Braşov City Hall signed a contract for the creation of a centralized system for monitoring and controlling road traffic in…
CNSP maintains the economic growth estimate at 2.8%, cuts inflation prognosis to 7.4%
The National Strategy and Forecast Commission has revised downwards to 7.4%, from 8%, the inflation estimate for the end of…
CITR: 1,644 companies entered insolvency in Q1 2023, of which 23 impact companies
About 1,644 companies went insolvent in Q1 2023, a number similar to the one in Q1 2022, when 1,610 insolvent…
ELCO, part of the Ariston Group, launches in Romania the heat pumps for commercial and residential spaces
ELCO, the German brand of commercial heating solutions, part of the Ariston Group portfolio, launches the Aerotop range of heat…
Norway’s sovereign fund will vote against the appointment of Paolo Scaroni as Enel’s president
Norway’s sovereign investment fund announced on Friday that it will vote against the appointment of Italian businessman Paolo Scaroni as…
Ministry of Economy: New state aid schemes for energy-intensive consumers
The Ministry of Economy will promote two state aid schemes for energy-intensive consumers and the steel industry, both from government…
Bulgaria: Solar MD inaugurates battery factory in Ruse
The LiFePO4 Energy Storage manufacturing facility in Ruse, Bulgaria, is officially open for business, Solar MD said. The battery manufacturer…
Chamber of Deputies adopted the project that establishes the solidarity tax
The Chamber of Deputies adopted, as a decision-making body, the draft law approving the emergency ordinance 186/2022, which provides for…
ABB E-mobility to provide fast charging infrastructure for public electric buses in Constanța
ABB E-mobility supplied Constanta, one of several cities at the forefront of urban e-mobility in Romania, with its latest fast…