KMG injects 25 million USD into the Kazakh-Romanian fund
KMG will increase the share capital of the Kazakh-Romanian Energy Investment Fund set up in November last year as part…
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Germany’s coal phase-out bill to be ready by end 2019
The federal economic ministry has followed the German coal commission’s recommendation by preparing a draft bill to phase-out coal power…
Official EU petition calls for minimum carbon price
The European Commission registered an official petition on Wednesday (July 3) that calls on the EU executive to set up…
Concrete measures missing in German national climate plan – report
Germany, Finland, France and Portugal’s National Energy and Climate Plans (NECPs) drafts include ambitious goals but “lack details and concrete…
Global listings are down, while Europe’s IPOs are doubling in Q2
The trend of unicorn IPOs coming to market and pushing their proceeds to historic levels continued in Q2 2019 despite…
CES today endorsed the ordinance to write off the debt of state companies, especially for CE Hunedoara
Bogdan Tudorache The Economic and Social Council (CES) endorsed on Friday the ordinance that passes some assets of state energy…
Five actions for a stronger Europe
Joe Kaeser, president and CEO of Siemens AG Europe has so much to offer: diverse cultures, excellent educational systems, a highly…
EC: Romania had the highest increase in wholesale electricity prices in the EU, by 54%, in Q1
Bogdan Tudorache Romania recorded the largest increase in electricity prices in the first quarter of this year (T1), 54%, on…
Cristina Pruna: Romania paid the highest price in the European Union for natural gas imports; production in T1 – lower by 3%
Bogdan Tudorache In the first three months of this year, Romania paid the highest price in the European Union for…
Carasol: Romanian 400 kV ring is ready in a 64% ratio
Transelectrica has 28 major investment projects undergoing, focusing on 4 main areas, and Romania’s 400 kV ring is done in…
Electricity and heat supply in the coming winter will cost 4.37 billion lei
The provision of electricity and heating will require a total financing of 4.37 billion lei for the period November 1…
The government approved on Thursday, without the approval of the CES, the order to cut off state debts to the state’s energy companies; Ordinance targets CE Hunedoara, can not be applied to Electrocentrale – sources
Bogdan Tudorache The government approved on Thursday the ordinance that practically deletes the debts of state-owned companies with financial problems,…
After Iulian Iancu, also Cristina Pruna contests the appointment of ANRE vice-president Marian Neacsu, which has a criminal conviction
Bogdan Tudorache After Iulian Iancu, PSD deputy and chairman of the Chamber of Deputies’ Industry Committee, publicly declared that he…
Ioan Niculae reopens Viromet
The chemical plant Viromet Victoria, owned by Interagro’s Ioan Niculae, was restarted on Thursday. It is the first chemical unit…
Manuela-Petronela Stan-Olteanu, chairman of the Board of directors of Romgaz
The Board of directors of Romgaz appointed Manuela-Petronela Stan-Olteanu as chairman on Wednesday, according to a press release issued to…
Romania has attracted 9.5 billion euro from European funds, the absorption rate – 30%
Romania has absorbed European funds worth a total of 9.25 billion euros from the 2014-2020 allocation, representing a rate of…
BNR keeps the key rate at 2.5%, inflation stays at 4%, but it may decrease
Bogdan Tudorache The National Bank of Romania (BNR) has decided to keep the key interest rate at 2.5%, the institution…
Gas pipeline of 27 mln. lei Pojorâta-Vatra Dornei, a project of national importance
At the Government meeting on Wednesday, July 3, a Government Decision was adopted by which the gas pipeline Pojorâta-Vatra Dornei…
Poland is consolidating its oil industry: PKN ORLEN aquires LOTOS Group
Bogdan Tudorache PKN ORLEN has just filed a formal application for the European Commission’s approval of its proposed acquisition of…
Ukraine’s preparations for termination of gas transit by Gazprom from 2020 under threat over fall in production by Ukrgazvydobuvannia
Ukraine should prepare for the full termination of Russian gas transit from early 2020, although the preparations are endangered over…
Tesla plans to open first supercharger in Bulgaria in 2020
US electric vehicles manufacturer Tesla said that it is planning to open its first supercharger charging station in Bulgaria next…
Bulgaria: The electricity price for companies increased by 203%
A shocking jump in the current electricity price for business took place this week. The increase is 203% compared to…
Kazakhstan to divert some oil flows from Europe to China
Kazakhstan plans to increase oil exports to China to 6-7 million tonnes a year from just 1 million tonnes at…