EU and EIB support storage in existing power plants in Romania
Following an assessment by the European Investment Bank under the Modernisation Fund, the European Commission announced on Thursday that it…
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Călin Georgescu and Elena Lasconi enter the presidential election second round; PSD and PNL pushed towards internal reforms
The first round of the presidential election has produced unexpected results. With 99.91% of the minutes from the polling stations…
EU reaches a degree of filling of gas deposits of 90%, Romania exceeds 80%
The European Union’s gas storages are 90% full, reaching this level two months before the set date, which guarantees the…
EU surpasses 50% renewable power share for first time in first half of 2024
Electricity industry association Eurelectric has released figures showing that 50 percent of electricity generation in the EU came from renewables…
Bulgaria’s economy grew by 1.8% in 2023, a significant slowdown from 2022
Bulgaria’s economy registered a modest growth of 1.8% last year, preliminary data from the National Institute of Statistics (NSI) show,…
ACER asks Germany to give up charging cross-border gas transactions
The Agency for the Cooperation of Energy Regulatory Authorities (ACER) has put new pressure on Germany for the tariffs charged…
Romanian and Hungarian companies pay the highest energy prices in the EU
Companies in Romania and Hungary pay the highest energy prices in the European Union, almost three times higher than those…
Traian Halalai: Exim Banca Românească is one of the key institutions regarding Romania’s accession to the OECD
Exim Banca Românească is one of the key institutions supporting Romania’s accession process to the Organization for Economic Cooperation and…
Inflation falls more strongly in Romania than in the EU in April
The annual inflation rate in the European Union decreased slightly in April to 8.1%, from 8.3% in March, while in…
EU: Share of fossil fuels in available gross energy stabilized at 70% in 2021
The European Union continues to depend to a large extent on fossil fuels for its energy supply, their share in…
EU Taxonomy should not divide the EU in time of crisis
The result of the current political debate on the EU Taxonomy Complementary Delegated Act will significantly shape the European energy…
EC and Romania have signed an agreement to stimulate investment in SMEs and the green transition
European Commission signed a contribution agreement with Romania on Wednesday in order to use the InvestEU Fund as a tool…
EU will allow renewable projects to be authorized in less than a year
The European Commission wants to speed up the green transition of the EU bloc and at the same time reduce…
Engie calls on the EU for clear instructions on the payment of Russian gas
French utility Engie is still paying in euro for Russian gas, according to its contracts, and hopes to receive clear…
EU adjusts plans to sanction Russian oil to persuade reluctant states
The European Commission has proposed a series of changes to its Russian oil embargo in a bid to persuade reluctant…
Intesa Leasing secures new funding for energy-saving measures in the Serbian businesses
Small and medium-sized enterprises (SMEs) in Serbia are to benefit from new funding from the European Bank for Reconstruction and…
Germany will accelerate plans to reduce its dependence on Russian gas
Germany will implement plans to build two new liquefied natural gas (LNG) terminals and also increase its natural gas reserves…
Europe wants to end Russia’s long-term gas supply contracts
The European Union intends to take a strong stance to end long-term gas import contracts, as part of its green…
Luminița Odobescu: Romania is a deeply pro-European state, the benefits of EU membership are undeniable
This week, President Klaus Iohannis signed decrees to summon several ambassadors, including Luminița Odobescu, head of Romania’s Permanent Representation to…
EU: 122m euro investment in innovative projects to decarbonise the economy
For the first time since the creation of the Innovation Fund, the European Union is investing 118 million euro in…
EU Renewable Energy bill confirms the 38-40% target for 2030
A draft EU future renewable energy directive confirms the EU bloc’s goal of obtaining 38-40% of energy from renewable sources…
Public consultation on future EU rules for reducing methane emissions
The Commission has launched a public consultation on aspects of methane emissions in the energy sector. The objective of this…
5 months till the European Commission will present its carbon border levy
The price of carbon certificates raised by 62% over the last 12 months, and the pressure on European polluting companies…