Ample energy price fluctuations highlight the need for flexible technologies
Electricity prices are experiencing large fluctuations in Europe, which highlights the need for more flexible assets on this market, reports…
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Ministry of Energy invests 450 mln. lei through the Electric Up Program
The Ministry of Energy announced that it will invest 450 million lei through the Electric Up Program – the second…
Romania’s economy grew in 2021 by 5.8%, compared to 2020
The estimated Gross Domestic Product for 2021, in semi-final data, was of 1,187.402 billion lei in current prices, increasing in…
AHK Business Outlook: 70% of German companies foresee a weaker context in 2023
German companies in Romania say that their economic situation is good or satisfactory, although most of them (70%) see the…
FIC launched a new development strategy for Romania
Romania, as well as other EU countries, is currently facing several economic challenges: high inflation, the energy market crisis, as…
FP and Hidroelectrica select the consortium of investment banks in relation to the IPO
Franklin Templeton, the shareholder of Fond Proprietatea (FP) and Hidroelectrica selected the consortium of investment banks in relation to the…
USD rise could cause fuel bills to grow
The rise of the US dollar could lead to an increase in fuel bills, but also higher public debt repayment…
Popa, BNR: If the capping scheme were to remain as it is, the deficit would probably jump to 9% of GDP
If the capping and compensation scheme would remain in its current form and would cost 40 billion lei, there is…
FDI – up by 21%, to 4.37 billion euro, in H1
Foreign direct investments increased by 21.47% in the first half of this year (H1), to 4.379 billion euros, compared to…
C-Bank Governor expects an economic growth of 2-3% this year
Romania could register this year an economic growth of 2-3%, possibly even higher, said on Tuesday the Governor of the…
OMV Petrom will make the decision to invest in the Neptun Deep project only in a year
The final decision on the investment in the Neptun Deep project in the Black Sea could be made in mid-2023,…
EU plan to cut gas consumption faces opposition from some member states
The EU proposal aimed at reducing the use of gas by 15% in the member states, in order to prepare…
Romania’s crude oil production fell by 6.2% in the first five months of 2022
Romania produced, in the first five months of 2022, a quantity of crude oil of 1.224 million tons of oil…
Nicușor Dan: PMB continues the tender for the purchase of 100 electric buses
Bucharest City Hall will continue the tender process for the purchase of 100 electric buses, after the National Council for…
Deloitte: Romanians believe that climate change is anthropic, consumption behaviour changes
Eight in ten Romanians believe that climate change is caused by human activities and 67% of them have already adjusted…
KREIF: 119 mln. lei financing from OTP Bank for the development of new Rompetrol gas stations
The Kazakh-Romanian Energy Investment Fund (KREIF) recently contracted a financing from OTP Bank Romania, in the amount of 119 mln.…
MyAuchan will reach 280 stores inside Petrom gas stations this year
OMV Petrom and Auchan Retail Romania have opened 200 MyAuchan stores in Petrom stations so far, half of the total…
Isărescu: Energy energy price surges are both inflationary and recessionary, we work with all the tools to keep the situation under control
Energy price increases are both inflationary and recessionary, and the NBR is working with all instruments to keep the macroeconomic…
Energy exports brought Russia’s current account surplus to a record value in Q2
Russia’s current account surplus hit a record high of $70.1 billion in the second quarter, as explosive growth in energy…
Russia will take control of the Sakhalin 1 energy project
Pavel Zavalny, chairman of the Energy Committee of Russia’s lower house of parliament, said the Sakhalin-1 oil and gas project…
Delgaz Grid introduces live work technology for the first time to reduce power outages
Delgaz Grid is the first distribution operator in Romania to adopt and implement LST technology in the execution of works…
Rompetrol: Closing CPC operations will not affect crude oil supply to Petromidia refinery
Closing CPC operations will not affect crude oil supply to Petromidia refinery, says Rompetrol’s shareholder.”In the context of the information…
MOL Romania and the Community Foundation support the performance of 581 young athletes and artists
MOL Romania and the Community Foundation announce the results of the project competition within the 16th edition of the MOL…