The minister of Energy, Sebastian Burduja, signed 14 financing contracts for photovoltaic panels for municipalities and public institutions, the total value being almost 7 million euros, the ministry announced on Friday.The representatives of the ministry specify that the total value of the financed projects is 34.57 million RON (6.95 million euros), the total value granted from the Fund for Modernization being worth 29.014 million RON (5.83 million euros).The total installed power is 4.6 MW, which means an estimated electricity production of over 5.5 million kWh per year. Three towns and 10 small towns are part of this project, to which is added a financing contract with the Timisoara Polytechnic University."We support town halls and public institutions to ensure their energy independence, at the same time having green energy and a cleaner environment. Through the investments we have signed today, the municipal and urban town halls can create jobs in the community, and the money savings from electricity bills can be redirected to other needs of the residents. These contracts join nine others that we signed last week," said Sebastian Burduja.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
