Applications for the subsidy program for electric and hybrid cars start on Friday
Applications to the Rabla and Rabla Plus programs will begin on Friday, and Environment Minister Grațiela Gavrilescu has expressed the…
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The EU wants to use energy taxes to meet its climate goals
The European Commission asks the European Parliament and the Council to look at how energy taxation could contribute more effectively…
Moneycorp: Romania’s exports could exceed 70 billion euro
The Romanian economy is heading towards a historic record in terms of exports in 2019. Construction of automotive and automotive…
Dumitraşcu: The PMB budget, which includes investments in district heating, does not comply with the legal requirements
The draft budget for 2019 of the City Hall of Bucharest (PMB), which is under public debate, does not comply…
Claudiu Creţu, Elcen: I do not think the 31 km of district heating network will be made in 2019
Although Bucharest City Hall has announced that it wants to restore 31 km of the heating network, Claudiu Crețu, Special…
Russia accuses U.S. of forcing Europe to buy LNG, follows own export interest
Russian Energy Minister Alexander Novak on Tuesday accused the United States of forcing Europe to buy its liquefied natural gas…
Mangalia Shipyard will produce ships for oil exploitation
Mangalia Shipyard will produce luxury ships for cruises and high capacity vessels for oil exploration and exploitation. “The recently signed…
Russia signals OPEC and allies could raise oil output
One of the key Russian officials to foster a supply pact with OPEC, Kirill Dmitriev, signaled on Monday Russia wanted…
Alpha Bank will launch the first mortgage bonds in Romania, worth 1bn. euro
Alpha Bank Romania will launch the first Mortgage Bond Program in Romania worth 1 billion euro and the first issue…
Rompetrol Rafinare will go back in black this year
Rompetrol Rafinare estimates a gross profit of USD 5 billion, an EBITDA of 192 million and a net profit of…
Gazprom starts executing and monitoring contracts via Blockchain
Russian state-owned gas giant Gazprom could soon to begin using blockchain to execute and monitor business contracts. The firm’s CEO,…
A consortium led by Engie buys the Petrobras pipeline division
A consortium led by French utility company Engie has won an auction to take over TAG, the Petrobras group’s pipeline…
Romania has imported oil worth USD 4 billion in 2018, 70% of the refining needs
Romania’s oil imports were 59.4 million barrels, or 71% of the consumption needs of the three refineries Petromidia, Petrobrazi and…
EC: Romania, 23rd in the European Union in eco-innovation
Romania ranked 28th in the European Innovation Scoreboard 2018, its score being 14 percentage points lower than in 2010, while…
Romgaz wants to hire a law firm for trials with own employees
National Company of Natural Gas Romgaz SA Medias wants to hire a law firm to represent the company in its…
INS revised upward GDP growth to 0.9% in the fourth quarter of 2018
The National Institute of Statistics (INS) revised to 0.9% (up from 0.7%) the real terms GDP growth estimate in the…
Rompetrol Rafinare invests 4 million USD for moving to Industry 4.0
Rompetrol Rafinare is close to finalizing the implementation of the first phase of Advanced Process Control (APC), a digital solution…
Mircea Coşea is the new chairman of the Supervisory Board of Transelectrica
Transelectrica’s Supervisory Board has elected Mircea Coşea as President of the Council on Monday and appointed Florin-Radu Ciocănelea as a…
Stock exchange marks a comeback to pre-GEO 114 levels
The capitalization of listed companies on the Bucharest Stock Exchange’s regulated market increased by 3.6% last week, totaling 164.68 billion…
The City Hall intends to refurbish 31 km of Bucharest’s heating network in 2019
The City Hall intends to invest this year in the refurbishment of 31.2 km of network, while more than 75%…
EU fines GE EUR 52 million over LM wind deal
EU antitrust regulators on Monday fined U.S. conglomerate General Electric 52 million euros ($58.4 million) for providing misleading information in…
Fondul Proprietatea requests extra-dividends from Nuclearelectrica; if approved, SNN will pay 92 million euro to shareholders
Until recently, we were accustomed to the Romanian state demanding additional dividends from the companies it manages. But this time…
Romania’s M&A market dropped by 50% in Q1 2019
Romania’s mergers and acquisitions (M&A) market reached 200-300 million euro in the first quarter of the year, including silent transactions,…