After Dacia and Ford, Draxlmaier also closes the Romanian factories
The German Draxlmaier group, which has about 15,000 employees in Romania, has decided to suspend the activity of the local…
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Hidroelectrica has completed the process of refurbishing the hydro-aggregate from Stejaru
Hidroelectrica has completed the refurbishment of the hydro-aggregate (HA) no. 6 of the CHE Dimitrie Leonida (Stejaru). Having at this…
Popescu: If this crisis will last 1-2 months, budget deficit may grow at 5%
Romania’s budget deficit will reach around 5%, if this crisis caused by the coronavirus pandemic will last for one or…
Transelectrica: The National Power System operates in normal parameters
The National Electric Power System operates in normal parameters, taking into account both the difficult weather conditions of the last…
Corona crisis hits German carmakers during crucial transition period
The production stops and far-reaching sales collapse in the automotive industry is hitting Germany’s major carmakers at a crucial time…
Lithuania is the first to launch an online consumer platform for purchasing remote solar panels
Lithuania achieves another milestone in solar energy generation and launches a remote solar consumer model. The project is unique as…
TeraPlast enters the BET index, which expands to 17 companies for the first time in history
Bogdan Tudorache The Bucharest Stock Exchange (BVB), a fundamental institution of the capital market, has decided to expand to 17…
Romgaz gives up the purchase of 20% of Gastrade
Bogdan Tudorache Romgaz gave up the acquisition of 20% of Gastrade, according to a report presented to the Stock Exchange.…
Enel’s profit in Romania drops drastically in 2019
The Italian group Enel announced for 2019 a net profit in Romania before the payment of interest and taxes of…
Petrom estimates a net profit decline by 21% in 2020
OMV Petrom estimates for this year a profit of 2.81 billion lei, down 21% on the previous year. The budget…
Rompetrol supports the fight against COVID-19 pandemic in Romania
Rompetrol – KMG International continues to support the Romanian health system in the context of the COVID19 pandemic by donating…
Frames analysis: ”The Black Monday” of the economy
Over 300,000 companies in Romania will be affected by the second wave of the economic crisis, many of them starting…
Virgil Popescu: The National Energy System works in optimum conditions
Virgil Popescu, Minister of Economy, Energy and Business Environment, announced that the National Energy System is operating in optimum parameters,…
Germany and Netherlands ”open” to consider ”coronabonds”
Germany and the Netherlands, two of the staunchest opponents of the idea of issuing common debt in the eurozone, would…
Power lines for trucks could save German road freight emissions – study
A 3,200-kilometre network of overhead power lines (catenary) for hybrid trucks would cut Germany’s road freight emissions by a fifth…
Industry production stops set to slash Germany’s energy demand, lowers CO2 certificates cost
The extensive suspension of Germany’s industrial production in a bid to slow the spread of coronavirus will have a substantial…
Less activity in public buildings can cut energy consumption by 15% -20%
Servelect, a company from Cluj-Napoca operating as energy manager for many municipalities, summarized a series of recommendations that local governments…
AFM has approved over 5,300 files in the Casa Verde program for photovoltaic panels (check the list)
The Environmental Fund Administration – AFM published on March 23 the first list with more than 5,300 accepted files out…
Energy prices are falling, in line with the region, as demand dwindles
Bogdan Tudorache Spot market prices in Hungary and Romania fell for Saturday trades by about 11% compared to the previous…
European countries will be able to grant financing up to 800,000 euro per company
The European Commission has adopted a temporary framework to allow Member States to use all the flexibility provided by state…
Minister of Economy: Emergency certificates will be issued online and at no cost
Emergency certificates for companies whose activity is affected by the coronavirus crisis will be issued online and free of charge,…
Siemens Mobility receives first order for battery-powered trains from SFBW
SFBW has ordered a total of 20 battery-powered Mireo Plus B trains from Siemens Mobility for operation in Baden-Württemberg, Germany,…
Opposition FDP politician calls for delaying CO2 price due to coronavirus
The economic crisis caused in Germany by the coronavirus has led to first calls to postpone the country’s CO2 price…