Romanian electricity market before 15 minute balance settlement (interview M. Dârzan, CEO Ringhel)
From January 1, 2021, the electricity market in Romania will move to a 15 minutes balance settlement interval. There is…
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General Interest
AHK: German companies in Romania expect a business decrease of up to 25%
Significant decreases in turnover and an economic recovery no sooner than early 2021. These are the results of the most…
Cîțu: The Development Bank is part of a strategy to reorganize the entire package of state financial-banking companies
The National Development Bank is part of a strategy to reorganize all the financial-banking companies that the state has and…
World Bank has promoted Romania in the category of countries with high per capita incomes
World Bank promoted Romania in the category of high-income countries, after incorporating the developments in 2019 (per capita income of…
Florin Cîţu: Romania will register an economic decrease of 2-3% in 2020
The second quarter had a negative impact on expectations on the Romanian economy, but, as a whole this year, the…
INS: The seasonally adjusted unemployment rate rose to 5.2% in May 2020
The unemployment rate in Romania rose to 5.2% in May 2020, at the level of the first part of 2017,…
EC: 800 mln. euro support for Romanian companies affected by the pandemic
European Commission approved on Thursday a scheme worth four billion lei (approximately 800 million euros) to support Romanian companies affected…
Government is introducing the Kurzarbeit program
The reduced work program “Kurzarbeit”, applied in Germany, will be introduced in Romania, under the title ”Flexible work program”. The…
The PAC Scenario: Net-zero by 2040 to meet Europe’s Paris goals
The EU is not on track to meet its Paris Agreement obligations on emissions and limiting the global temperature rise…
EU ministers exclude nuclear, fossil gas from green transition fund
European Union countries agreed that the bloc’s flagship fund to wean regions off fossil fuels should not finance nuclear or…
Plug-in hybrids unlikely to lower transport emissions – Greenpeace report
Plug-in hybrid electric vehicles, which are to be subsidised through the German government’s new economic stimulus programme with up to…
OMV Petrom: The intensity of carbon emissions from operations decreased by 22% in 2019 compared to 2010
OMV Petrom has published the Sustainability Report for 2019. The report details the objectives and achievements set out in the…
Impetum: Managers estimate a two-speed return
Bogdan Tudorache Approximately 75% of the managers surveyed by Impetum Group consider that the economy is affected by crisis and…
The Black Sea in the new economy – the last train to energy independence
Bogdan Tudorache Romania is facing a maturity exam. In the waters of the Black Sea there is a rich resource…
Projects worth 23 mln. euro, another step towards the Romanian hub dedicated to hydrogen
Bogdan Tudorache The National Research-Development Institute for Cryogenic and Isotopic Technologies (ICSI) has in the process of signing two strategic…
Romania can receive 4.4 billion euro through the Just Transition Fund
European Commissioner for Energy Kadri Simson announced an increase in the transition fund to achieve the goal of climate neutrality,…
Bosch CEO says car industry must prevent plug-in “hybridgate” emissions scandal
German car industry association VDA will launch a working group to look into the sustainability of plug-in hybrid cars because…
C. Prună: Appointments to ANRE should not be done without hearings in Parliament
USR will initiate a new draft law, according to which the selection of candidates for ANRE leadership will be made…
ACEA: European car market will decline by a record 25% in 2020
The European car market is expected to record a historic 25% drop this year due to the coronavirus pandemic, the…
EC proposed an EU budget for 2021 focused on the recovery of Europe
The European Commission proposed an EU budget of EUR 166.7 billion for 2021, which will be complemented by grants of…
Eurostat: Impact of pandemic on services sector felt less in Bulgaria and Romania in Q1
In the first quarter of 2020, compared to the last three months of 2019, the volume of services in the…
Bodu: The Sovereign Fund could be set up next month
The government’s decision to create Romania’s Sovereign Fund could appear in the Official Gazette in about three weeks, said Sebastian…
Smart City in Romania: About 600 projects carried out in 87 cities
Almost 600 Smart City projects are currently in the project stage, being implemented or have already been completed in 87…