EC investigates the 95 mln. euro aid granted by Poland to the battery manufacturer LG Chem
The European Commission (EC) has launched an in-depth investigation into Poland’s plan to provide a 95 million euro state aid…
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General Interest
Florin Cîţu: Half of the budget deficit in 2020 represents the cost of the economic crisis
Half of the 2020 budget deficit is the cost of the economic crisis, and this cost has two components, an…
Coronavirus accelerates European utilities’ digital drive (Reuters)
Stephen Jewkes, Christoph Steitz When COVID-19 plunged Italy into lockdown, it was decision time at the Verampio power station. The…
The decarbonization plan of the Oltenia Energy Complex costs about 7 bln. lei
The investments involved in the restructuring plan of the Oltenia Energy Complex, the country’s second largest producer of electricity in…
Cîţu: Romania will avoid the technical recession and will have a contraction of the economy less than the estimates of the rating agencies
Romania will avoid the technical recession and will have a smaller contraction of the economy than the public estimates made…
PwC: For car production in Romania, a vulnerability in this period is the dependence on exports
A vulnerability in this period for the Romanian car production is represented by the dependence on exports, which have a…
The car market decreases by 34%, the green segment up in the first seven months (APIA)
The Romanian car market registered a contraction of 34.2% in the first seven months of the year, compared to the…
Accumulation of plastic waste amid the pandemic is a matter of concern in Europe
Falling oil prices could reduce demand for recycled plastics, which could create problems for the European Union’s plans to increase…
INS: Romania’s trade deficit increased by almost 936 mln. euro in the first six months
Romania’s trade deficit reached 8.665 billion euro in the first six months of the year, increasing by 935.7 million euro…
ELECTRICA Time of change
The Electrica Group is going through major transformations, meant to modernize companies, to unify them digitally, to increase efficiency and…
NBR: The worsening of the pandemic situation in the cold season may affect the evolution of the economy in Q4
The worsening of the pandemic situation with the onset of the cold season is expected to lead to the reintroduction…
NBR expects an inflation of 2.7% at the end of this year and 2.5% at the end of 2021
The annual CPI inflation rate for the end of this year and next is forecast at 2.7% and 2.5%, respectively,…
Germany’s CDU Economic Council rejects ECB role in climate action
The German business association CDU Economic Council, associated with Angela Merkel’s Christian Democratic Union (CDU) party, opposes plans by the…
H. Adrian (Holcim): Green Deal means huge investment needs for cement plants
Holcim maintained its activity in Romania with no incidents caused by Covid-19. “During this period, our first concern was the…
Romania must pay OMV damages worth 287 million lei
The Arbitral Tribunal issued on July 9, 2020 the final decision in the arbitration initiated by OMV Aktiengesellschaft (OMV AG)…
Seasonally adjusted unemployment rate – 5.2% in June
The seasonally adjusted unemployment rate remained at 5.2% in June this year, a level similar to that recorded in the…
Steven van Groningen: Romania is a country of contrasts when it comes to digitalization
Romania is a country of contrasts when we talk about digitalization, and at the moment I live in two Romanians:…
Insolvencies fell by 26.16% in the first half
The number of companies and authorized individuals in insolvency decreased by 26.16% in the first six months of 2020, compared…
Elon Musk claims to be open to supplying batteries to other carmakers
Tesla Inc. CEO Elon Musk has announced that the US company is open to licensing software and supplying batteries and…
The role of bilateral long term power purchase agreements
The last years brought into the energy sector a debate around the reconfiguration of the energy mix, in the context…
PwC Top 100: Strong recovery in market value in the second quarter after the decline caused by the pandemic outbreak
The market capitalisation of the 100 largest listed companies in the world recovered strongly in the second quarter, recovering almost…
OMV Petrom becomes the first company in Romania to support the TCFD recommendations
OMV Petrom announces its support for the recommendations issued by the Task Force on Climate-related Financial Disclosures (TCFD) on climate…