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Debt, deficit, political instability: Fitch revises Romania's outlook to negative

The second half of 2024 represented a critical turning point for Romania's economy and political stability. In an attempt to counter the ever-expanding budget deficit and ensure macroeconomic balance, the government implemented a series of...

Advanced monitoring for wind and photovoltaics at PPC Romania

PPC Renewables Romania, the company that deals with the production of energy from renewable sources within the PPC Group, inaugurated yesterday a control room through which it monitors and manages all the company's local renewable energy...

WindEurope: New EU wind capacity not enough to meet environmental targets

Wind power provided 20% of Europe's electricity last year, but the capacity built during the year was less than half of what would have been needed to meet the EU's 2030 energy and environmental targets, according to data published on...

A public-private marriage: Laura Vicol - who, after the outbreak of the Nordis scandal, resigned from the position of president of the Legal Commission in the Chamber of Deputies, from the PSD and from all other political positions she held - married, in 2017, Vladimir Ciorbă, which officially owns 46% of the Nordis Group business. (Photo source: facebook / Vladimir Ciorba)

The Nordis Group scandal: background, legal, political and economic implications

With the opening by the Bucharest Court, on October 7, 2024, of the insolvency procedure for the Nordis Management SRL company, following the disclosures published two days before by the Recorder publication, the biggest scandal of recent years...

The high temperatures during the summer led to increased energy consumption, and the Government took drastic measures to cover the electricity needs.

The price of electricity is increasing due to the heat wave

The third quarter of 2024 was marked by a series of major challenges for Romania's economy. High summer temperatures have led to increased energy consumption, and the government has taken drastic measures to cover energy needs, including the...

Bogdan Chiriţoiu (left) said: "Our duty is to be in dialogue with the Government, to support it to measure its interventions in a way that is appropriate, not excessive".

Ceilings on energy prices, RCA tariffs and the commercial surcharge on basic foodstuffs, maintained in the 2024 election year

The ceilings on the price of energy, RCA policies and the commercial addition to basic foods will continue this year, due to the four rounds of elections - European, local, parliamentary and presidential, but the competition authority will ensure...

European funding for the fourth edition of Start-up Nation

The Ministry of Economy will ask the Ministry of European Projects and Investments to notify the European Commission so that the fourth edition of the Start-Up Nation program is financed from European funds, announced Radu Ştefan Oprea, the...

The fiscal changes, promulgated by Klaus Iohannis

Yesterday, President Klaus Iohannis signed the decree for the promulgation of the Law on some fiscal and budgetary measures to ensure Romania's long-term financial sustainability. It is about the fiscal measures assumed by the Ciolacu...

New taxes and fees

The new school year brought us new fees and taxes in the first month of autumn, following the fiscal changes assumed in the Government Parliament to reduce the budget deficit. Threatened by the European Commission with the cut of allocations from...

RPIA and RWEA: "The direct concession of ADS land to state companies is profoundly anti-competitive"

The draft emergency ordinance by which the Government wants to directly grant to state companies in the energy field part of the land under the administration of the State Domain Agencies violates competition, claim, in a press release sent to...

Mining in Romania is listening to its European death toll

• The European Commission has decided that coal needs to be replaced with renewable sources of energy by 2050

NEXT YEARThe installed capacity for green energy might rise by 57 %

The installed power in the renewable energy production units might rise by 57.4%, next year, from 4.350 MW to almost 7.000 MW, as the authorities estimate.

EXCLUSIVEThe European Commission gives Niţă his dunce cap

The delegated minister for energy, Constantin Niţă, was not correct when saying, on May 23rd, that the European Commission has given its agreement for the ordinance which postpones by three years and a half the payment of a significant portion of...

Circus in the Parliament on the postponement of the granting of green energy certificates

The Emergency Ordinance which postpones the granting of an important chunk of the green certificates which green energy makers are entitled to was debated yesterday in the Commission for Industries of the Chamber of Deputies, turned into a...

THE POSTPONEMENT of the PAYMENT OF THE GREEN CERTIFICATES WILL BE APPROVED BY THE GOVERNMENTNiţă wants to avoid the payments peak

The authorities seem to have decided to adopt the solution of postponing the payment of some of the green certificates to relieve the pain of the consumers' energy bills. There are great chances that the Government would review in...