IMF forecasts a slowdown of the Romanian economy and an inflation of over 10% in 2023
The International Monetary Fund (IMF) has significantly revised the estimates regarding the growth of the Romanian economy this year, from…
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Economics&Markets
AOAR protests against the selection made by the Ministry of Economy for state aid
The Association of Romanian Businessmen (AOAR), representing companies with Romanian capital that carry out production activities, brings to the attention…
Amber Infrastructure has invested close 50 million euros in renewables in Romania
Romania lacks American capital but Amber Infrastructure Limited is trying to get around 300 million dollars from the US to…
PwC: 27% of Romanian executives say companies won’t be viable unless they transform
Half (52%) of Romanian CEOs are confident about the revenue growth prospects of the companies they lead in the coming…
Romania expects investments of 9 billion euros in the energy field in the next two years
Romania has a pipeline of projects in the energy field worth of around 9 billion euros in the next couple…
Companies are not interested in getting funds for energy efficiency
Companies are not interested in obtaining energy efficiency funds, and there is a lack of projects in the National Recovery…
In 2023, Chimcomplex will put 60 MW gas turbines into service
The Chimcomplex chemical plant will put into operation, this year, several gas turbines, which will also be able to use…
Banks must be careful not to finance opportunistic investors in renewables
The interest of investors in the development of new renewable energy projects is extremely high, including from investment and pension…
Greece’s PPC buys Enel Romania in a deal valued at 1.9 billion euros
Enel Spa, Italy’s largest utility, will sell its Romanian operations to Greece’s Public Power Corp (PPC) for 1.26 billion euros…
PwC: The local M&A market grew to 5.4 bln. euro in 2022, thanks to Neptun Deep
The mergers and acquisitions market in Romania, transactions signed and concluded, reached 5.4 billion euros last year, surpassing the pre-pandemic…
Investments in smart cities are crucial for increasing the quality of life
Investments in smart infrastructure and smart cities are crucial to improving quality of life and sustainable business, but technology is…
The City Hall of Sector 2 will create a one-stop shop for energy efficiency solutions
The City Hall of Sector 2 in the Capital intends to create a map of energy poverty and a one-stop-shop…
P. Moldovan: Bucharest’s digitization stalled for a while, but it is finally moving forward
Bucharest has stagnated for a period of several years in terms of digitization and efficiency of energy consumption, but the…
Individual buildings must also be energy renovated in Romania
Romania will also have to deal with the efficiency of energy consumption in the private-own residential buildings, not just blocks…
REI: Budgets of 3 billion euros for PVs and energy efficiency
Companies and local public authorities in Romania are still interested in ensuring as much independence as possible from energy suppliers…
OMV Petrom contributed about 20 bln. lei to the budget in 2022, almost twice over 2021
OMV Petrom, the largest integrated energy company in South-Eastern Europe, continued to be, in 2022, the largest taxpayer in the…
The price of carbon certificates will continue to influence the price of electricity in 2023
The prices of carbon certificates are kept high by the intervention of financial funds in this market. At the same…
Republic of Moldova received grants of 620 mln. euro in 2022, Romania offered about 9.8 mln. euro
The external partners of the Republic of Moldova transferred, in 2022, 12.7 billion Moldovan lei (MDL) (about 620 million euro)…
CITR: Only 67 impact companies entered insolvency in 2022
More than 6,700 companies entered insolvency in 2022, a 10% increase compared to 2021 (6,144). Of these, 67 are impact…
PwC: Global M&A market falls below record 2021 levels
In 2022, the global mergers and acquisitions (M&A) market fell 17% in volume and 37% in value from its record…
Sebastian Metz: Romanian-German trade is at a new historic high of 40 bln. euro
Sebastian Metz, Director General and Member of the Board of Directors of the German-Romanian Chamber of Commerce, AHK Romania, claims…
Banking exposures to the energy sector are at unseen levels
Banks’ exposures to the energy system increased in several waves, dictated by the increase in energy prices, combined with the…
Many hotels will have to operate for less hours due to energy costs
Many hotels will operate for less hours due to high utility costs. The hotel industry has so far ignored investments…