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  5. European Commissioner for Energy: Regulatory authorities must be...

European Commissioner for Energy: Regulatory authorities must be independent and autonomous, for markets to function

September 29, 2017

Regulatory authorities in the energy field must be independent and autonomous, in accordance with the European legislation, and the European Commission will take all the necessary measures to make sure that member states comply with their obligations in this area, European Commissioner for Energy Miguel Arias Canete told a press conference held on Thursday in […]

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Venice Biennale 2024: Romanian pavilion opens with Șerban Savu’s exhibition What Work Is

The Romanian Pavilion at the International Art Exhibition - La Biennale di Venezia 2024 officially opened the exhibition What Work Is by Șerban Savu, curator Ciprian Mureșan. Previously, a component of the same project was unveiled at the New Gallery of the Romanian Institute of Culture and Humanistic Research in Venice, which will consist of creating a […]

Income discrepancy in Romania is third-widest among EU Member States

Romania registers one of the widest gaps in the EU between high and low incomes among the population: the average income of the richest 10% of Romanians (tenth decile) is 4.88 times higher than that of the poorest 10% (first decile), according to Eurostat data from 2022 compiled by Friedrich Ebert Foundation. The gap slightly […]

Romania's ruling coalition risks losing joint candidate to Bucharest City Hall

As the scandals surrounding Bucharest mayoral candidate Catalin Cirstoiu (head of University Central Hospital) are turning into a broader public debate about the rampant corruption in the public healthcare system and the way funds are...

Romanians buy record amount of state debt under latest Fidelis issue

Romanians bought state debt, denominated in local currency and euros, amounting to a total of nearly RON 3.2 billion (EUR 640 million) under the latest issue (Fidelis) organized by the Treasury.  This was some RON 100 million more than the largest such issue in April 2023.  Romanians bought EUR 384 million worth of bonds denominated […]

Romania's Hidroelectrica extends scope of joint venture with Masdar of Emirates

In the context of the visit paid by a Romanian delegation headed by prime minister Marcel Ciolacu in Qatar and UAE, Hidroelectrica (BVB: H2O) and Masdar of Emirates agreed to expand the scope of the joint venture (JVC) to be established so that it includes the development of on-shore and floating solar projects, as well […]

EMMA Capital gets green light to take over Romanian natural gas producer

EMMA Capital, the Czech investment fund controlled by billionaire Jiří Šmejc, received the permit from the national regulatory body to take over the Romanian natural gas producer Stratum Energy through its subsidiary EMMA Lambda.  The unit would add to EMMA's operations in Romania, which are conducted through Premier Energy in the sectors of natural gas […]