The European Commission has revised the economic growth estimates to 4%
The European Commission has revised to 4% growth estimates for the growth of the Romanian economy this year, while in…
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Filing for financing for PV by isolated households, extended until October 11
The session of filing for financing in the program for installing photovoltaic systems for isolated households unconnected to the electricity…
Czech government approved the construction of a new nuclear power plant
The Czech government has given preliminary approval for a plan by a subsidiary of electricity producer CEZ to build a…
Producers of renewable energy, closer to aggregation
A new draft Order issued by ANRE on aggregation of renewables producers, which would especially come in support of small…
CEZ Group: EBITDA increase of 9%, investments up by 8% in 2018
Bogdan Tudorache CEZ Romania ended the year 2018 with an EBITDA of 395 million lei, up 33 million lei, or…
CEZ shareholders have made the decision to sell Romanian assets, but there is no deadline – Safar
Bogdan Tudorache It is too early to speculate on the price of CEZ’s assets in Romania, and a comparison for…
EIB lends 25 mln. euro to Polytechnic University of Bucharest
The European Investment Bank (EIB) has agreed to provide 25 million euro to increase the quality, efficiency and effectiveness of…
Deloitte: The Romanian M&A market regained its pace in the second quarter of 2019
The mergers and acquisitions market in Romania revealed a significant growth in the second quarter of the year, compared to…
Competition analyzes the takeover of the electrical cable manufacturer Electroplast by ROCA
The Competition Council analyzes the transaction by which the company ROCA Platform takes over Electroplast, the institution announced. ROCA Platform…
Iran: UK’s illegal seizure of Iranian oil tanker won’t go unanswered
Iran’s top military commander warns that Britain’s illegal seizure of an Iranian oil tanker in the Strait of Gibraltar will…
PwC: The skills shortage generates total losses of over 7 bln. euro to Romanian private businesses
Over half of the Romanian private businesses (52%) say that shortage of skilled employees causes financial losses reaching a total…
ABB to exit solar inverter business
ABB and the Italian company FIMER announced that they have signed an agreement for FIMER to acquire ABB’s solar inverter…
Sarasin cuts Shell stake, criticising its climate strategy
London-based asset manager Sarasin & Partners has sold nearly 20% of its holdings in Royal Dutch Shell, saying the oil…
RAR: The number of hybrid and electric vehicles in Romania increases
Bogdan Tudorache The number of new electric vehicles that have been submitted to the Romanian Car Registry (RAR) to obtain…
Adina Vălean will lead the Committee on Industry, Research and Energy of the European Parliament
MEP Adina Vălean will be the president of the European Parliament’s Industry, Research and Energy Commission. Adina Vălean is the…
Oil royalties may increase, Competition urges oil companies to come up with property papers and pay rent to the state
Bogdan Tudorache The Competition Authority considers that the increase in the oil royalties level will intensify the competitive pressure in…
Reverse taxation to be introduced for gas supply, at the initiative of OPCOM
The Government intends to extend the reverse charge in the field of natural gas supplies, according to the model applied…
Competition Council: Fuel price rises should be displayed simultaneously
Bogdan Tudorache The Competition Council supports the implementation of a rule whereby all operators display simultaneous increases in fuel prices…
New shutdown at the Kozloduy NPP, after the one from last week
Bogdan Tudorache NPP Kozloduy’s sixth block was shut down from the country’s energy system after the electrical protection was triggered,…
Exxon to begin drilling development wells for Liza Phase 2
ExxonMobil Guyana will begin drilling development wells for the 220,000 barrels per day Liza Phase 2 Development project early 2020…
Second Turkish drillship arrives off Cyprus coast, Nicosia protests
A second Turkish ship planning to drill for oil and gas off Cyprus arrived off the Mediterranean island’s northeastern coast…
Slovenia’s renewable energy output grows 5% each year
According to a recent report by Slovenia’s national regulator, the Energy Agency, the country’s share of electricity coming from renewable…
New electric cars in Europe have to make artificial noises
As of July 1st, new four-wheeled EV models in the European Union require a noise-emitting device (Acoustic Vehicle Alert System,…