Rising energy prices are causing major losses to large European producers
The continuous rise in energy prices in Europe exposes the region’s largest consumers of gas and electricity to significant losses,…
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WB: Romanian economy would register an advance of 7.3% this year
Romanian economy would register an advance of 7.3% this year, after a contraction of 3.9% in 2020, while in 2022…
Euro reaches a new all-time high on Monday, approaching further to the 5 lei threshold
The national currency reached a new all-time high against the leu on Monday, given that the exchange rate calculated by…
INS: Industrial production increased by 16% in H1
Industrial production (gross series) rose in the first six months of this year by 16%, due to increases recorded by…
Energy price increased significantly, by more than 140%, in May 2021, yoy
The price of electricity on the spot market of the OPCOM exchange (Day Ahead Market – DAM) averaged 289 lei…
Final electricity consumption rises by 5%, in line with the growth of the economy
Final electricity consumption rose in the first four months of 2021 to 18.817 billion kWh, being 5.2% higher than last…
AEI: Energy price increase of almost 5%, from July 1
Although the Intelligent Energy Association estimated a month ago an increase in electricity prices for the next business year (July…
Energy price rises sharply after the shutdown of Unit 2 in Cernavoda
Bogdan Tudorache The average price of electricity on the spot market of the OPCOM stock exchange increased by almost a…
INS revised upwards to 5.8% the data on GDP growth in Q3 – 2020
National Institute of Statistics (INS) revised slightly, to 5.8%, the data on the advance of Gross Domestic Product (GDP) in…
Oil, gas and coal prices rally as cold winter sets in
Higher demand for oil, natural gas, and coal due to colder than usual winter temperatures in many parts of the…
The net profit of Electrica Group, up 146% in the first 9 months
Bogdan Tudorache The Electrica Group reported, for the first 9 months of 2020, a consolidated net profit of RON 396…
Conpet: Turnover grows 1.7%, EBITDA up 3.5% in H1
Bogdan Tudorache Conpet reported an increase in turnover of 1.7%, the net profit increasing by 1.9% in the first half…
Green car sales increased in Romania by almost 3.6% by July 31 (APIA)
Romanians bought 3,772 green cars in the first seven months of the year, up 3.57% from the same period in…
Nuclearelectrica reports a net profit up 18% in H1
Bogdan Tudorache Nuclearelectrica obtained, in the first half (H1), a net profit of 343.2 million lei, up by 18.1% compared…
Electrica Group’s profit increases by 74% in H1
The Electrica Group obtained, in the first half of 2020 (H1), a consolidated net profit of RON 190 million, registering…
Ariston Thermo’s business grows by 10% in 2019
The Italian group Ariston Thermo, one of the largest global manufacturers of equipment for heating and domestic hot water production,…
Markit: Economic activity in the euro area returned to growth in July
Economic activity in the eurozone returned to growth in July after easing restrictions to stop the spread of the coronavirus…
INS: The turnover in the industry increased by 4.3% in the first two months
Industry business increased by 4.3% in the first two months of 2020, compared to the same period last year, following…
Oil rises over 3% but set for biggest weekly thumping since 2008
Oil prices were set for their worst weekly drubbing since the 2008 financial crisis, despite rising over 3% on Friday,…
Global stocks pull back from the edge after historic sell-off
A historic wave of selling in global stock markets eased on Friday as nervous investors looked to central banks and…
IEA: Renewable energy is gaining more ground worldwide
The percentage of renewable energy used globally would increase by 50% over the next five years, determined by the expansion…
Two million of cars registered in the European Union are electric or hybrid – Eurostat
In 2017, 262 million cars were registered in the European Union, of which about two million (0.8%) were electric or…
Calota, ANRE: Energy tariffs surge by about 8%, but not because of CPC
Tough market conditions and a surge in international price will lead to an increase in bills by about 8 percent…