BNR increased the inflation forecast to 16.3% for the end of 2022
The National Bank of Romania (BNR) increased the inflation forecast for the end of this year to 16.3% and estimates…
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Minister of Energy: For the year 2023, one third of the energy market will be found in the system approved on Friday
Approximately one third of the energy market will be found in 2023 in the system provided for in the ordinance…
Nuclearelectrica: Net profit of over 1.9 bln. lei on September 30, up 200%
Societatea Națională Nuclearelectrica recorded a net profit of over 1.939 billion lei on September 30, 2022, up 202.7% compared to…
Hungary has taken significant steps towards the unblocking of its NRRP by Brussels
Hungary has taken “significant steps” towards unlocking its national recovery and resilience plan (NRRP) by the European Commission, accepting its…
Virgil Popescu: Thermal power plants will not be closed, enter the technical reserve
Thermal power plants will not be closed, but, through the Decarbonization Law, they will enter a technical reserve, where they…
Jozsef Balogh: An (almost) perfect match – the missed cooperation between the Romanian and Hungarian electricity systems
Coupling Eastern European electricity markets at the European level was a big mistake. This forced project was created to hide…
Hungary badly needs Black Sea gas, but Romania needs to clarify its offshore legislation
Hungary is in great need of gas from the Neptune perimeter in the Black Sea, due to its massive dependence…
Romania and Hungary have to trust each other to make money together
Romania and Hungary are like yin and yang and could create a long-term business partnership if they could trust each…
Romania and Hungary should increase their collaboration in the energy field
The war in Ukraine pushed EU to accelerate the transition to clean energy to bring an end to the dependence…
NatGas can be mixed with renewables for better district heating supply
Heat supply solutions in natural gas plants can be very well integrated in a mix with other sources, such as…
Technical due diligence is a necessity for investments in renewables
Reducing CO2 emissions is the bridge between traditional industries and the renewable energy industry, emphasized Anca Mutu-Kovács, SAMER / LRQA,…
In the next eight years there will be financing of 6-700 mln. euro for the modernization of the Capital’s thermal network
Heating in Romania faced a dark period, between 2000 and 2020, in which inefficient gas was burned, Claudiu Crețu, general…
Hunedoara: Paroşeni thermal power station will continue to operate after 2032
Paroşeni thermal power plant, within the Hunedoara Energy Complex (CEH), will continue to operate even after 2032, and the construction…
US Exim Bank announced the issuance of two Letters of Interest for Units 3 and 4
At United Nations Conference on Climate Change (COP27), US Exim Bank announced the issuance of two Letters of Interest for…
ANRE: Fines totaling 380,000 lei for late issuance of electricity bills
The electricity suppliers were fined by the National Energy Regulatory Authority (ANRE) by 380,000 lei for the late issuance of…
Chisăliță: Gas from storage cannot completely cover the winter imports
The large amount of gas that Romania has in storage is not enough to completely cover the imports needed during…
ECA: EU support for coal regions contributed very little to the climate transition
The financial assistance made available by the EU for the coal regions had a limited impact both on employment and…
Recommendations to avoid high energy bills
According to the latest study by Reveal Marketing Research, 40% of Romanians declare that the amount of the bill for…
Energy Minister: We are not closing any coal-based electricity production unit
Romania is not closing any coal-based electricity production plant, the Energy minister, Virgil Popescu, announced on Facebook on Tuesday. “We…
NBR increased the key interest rate to 6.75%, inflation to decrease in 2023
In its meeting of 8 November 2022, the Board of the National Bank of Romania decided to increase the monetary…
The energy system will not be able to take over all the renewable capacities that are being built
The national energy system is not ready to take all the amount of energy from renewable sources that will enter…
Energy investments are delayed because the equipment delivery times doubled or even tripled
The war in Ukraine has caused severe disruptions in all economic sectors and supply chains, which in turn led to…
Distribuție Oltenia has 250 million lei worth ongoing projects for grid digitalization
The war in Ukraine caused an increase in tariffs that multiplied the costs of energy distributors, and this situation turned…