E.ON is lowering its outlook for 2020 due to the effects of the pandemic
E.ON, Germany’s largest energy group, cut its estimates for this year’s results on Wednesday as the crisis hit its grid…
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PwC: 53% of entrepreneurs in CEE predict revenue declines over the next 12 months and only 7% expect growth
More than half (53%) of Central and Eastern European (CEE) entrepreneurs predict revenue declines over the next year due to…
Alexe: Parliament approves compost law, recycling awareness campaigns to be launched
Parliament recently approved the compost law, so all Romania’s territorial administrative units are required to organize separate collection of the…
Industry revenue fell 14% in the first six months, energy industry – decline of more than 30%
Total industry turnover (internal market and external market), in nominal terms, decreased by 14% in the first six months compared…
Electricity consumption fell by 7.1% in H1, imports doubled
Romania’s national electricity consumption was of 25.7 TWh, 7.1% lower in the first half of this year (H1), compared to…
Pandemic affected revenues and sales of more than 55% of companies
The pandemic affected revenues and sales of more than 55% of companies, and 39% had to temporarily shut down, Andrei…
Annual inflation rate rose to 2.8% in July
The annual inflation rate rose to 2.8% in July this year, from 2.6% in June, given that food prices rose…
Senate: The Energy Strategy and the PNIESC must be adopted by Parliament
The Senate adopted, on Tuesday, a draft law stipulating that Romania’s Energy Strategy and the Integrated National Plan in the…
Gas consumers will support the connection of new industrial customers to the grid
Gas consumers will bear the costs of connection to the grid of the industrial players with projects smaller than 2.5…
Enel X Romania launches EV charging points network in Bucharest and surrounding areas
Enel X Romania, a subsidiary of the Enel Group’s advanced energy services business line, Enel X, has installed and put…
EC approved the acquisition of Borealis by OMV
The European Commission has approved, according to EU merger regulations, the acquisition of plastics producer Borealis AG by OMV Aktiengesellschaft…
PKN Orlen is seeking EC approval for the merger with gas company PGNiG
Poland’s largest refinery, PKN Orlen, will try to get European Commission approval this year for the planned takeover of gas…
BMW Group reaffirms outlook for full year 2020, profit of about 500 mln. EUR for H1
The BMW Group remains on course towards achieving its targets for the full year, says the company. After implementing controlled…
Mercedes-Benz and CATL team up for future battery technology
Mercedes-Benz and CATL (Contemporary Amperex Technology Co., Limited) have entered the next stage of their strategic partnership and will create…
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…
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…
KMG launches a campaign to support KMG, SMURD, Rompetrol at national level
KMG International is launching a campaign to support blood donation at national level, between August 10 and October 10, in…
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…
Gov’t to impose sanctions on authorities that do not pay with priority amounts for thermal energy supply
The government wants to impose sanctions for local authorities that do not pay with priority amounts for thermal energy supply,…
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…
Transelectrica will investigate the incident that led to the blackout in Bucharest
Transelectrica will investigate the causes and conditions in which the power failure in the electricity transmission system took place on…
Jiu Valley miners’ union asks the Government for the urgent establishment of the Jiu Valley EC
The leaders of the “Muntele” Union from Valea Jiului, which brings together the mining employees from the region, requested the…
Anastasiu (AHK): Between 500,000 and 700,000 people could benefit from ”Kurzarbeit” in the next 6 months
Between 500,000 and 700,000 people could benefit from the “Kurzarbeit” flexible work program in the next 6 months, and the…