Romania has received, via the European Union's Modernisation Fund, a first disbursement worth almost EUR 1.1 billion for investing in the development of energy distribution networks, rehabilitation/modernisation of district heating networks, natural gas transmission network, as well as investment in energy-efficient rolling stock, according to a press release of the Ministry of Energy issued on Tuesday.The amount also includes funds for future projects established under contracts for difference. Romania has been allotted the largest share now, 37% of the total disbursement.The other member states benefitting from the first disbursement of 2024 are Bulgaria (EUR 65.2 million), Croatia (EUR 52 million), Czechia (EUR 835.2 million), Estonia (EUR 24.1 million), Hungary (EUR 76.8 million), Latvia (EUR 26.8 million), Lithuania (EUR 59 million), Poland (EUR 697.5 million), and Slovakia (EUR 35 million)."The Modernisation Fund is an essential instrument for Romania's green transition and the modernisation of its national power grid. I have committed myself from the very beginning to putting these financings to work, launching programmes and state aid schemes, funding much-needed investment. Through the efforts of the team at the Ministry of Energy and the Romanian government, Romania is emerging as the main energy player in the region. The payment made today by the European Commission confirms that Romania's potential in developing new energy capacities is huge, which is why the motto of my tenure remains: investment, investment, investment. In the 12 months of my term of office at the Ministry of Energy, the investment financed for the energy system via the Modernisation Fund and the National Recovery and Resilience Plan (PNRR) exceeded EUR 25 billion. We are continuing at the same pace. We are focusing on promoting the calls already launched via the Modernisation Fund and PNRR for own-consumption, battery storage, electricity network rehabilitation, modernisation of the district heating network and, but also on starting new calls offering the opportunity to the private and public sectors to win funding for the implementation of energy efficiency projects, as well as on the release of a Contracts for Difference (CFD) scheme," Energy Minister Sebastian Burduja is quoted as saying in the release.The Ministry of Energy also announced that it is preparing the launch of the first tender for Contracts for Difference. The last details will be soon established for sharing the funds allocated for investment in wind and solar energy, depending on the existing portfolio of projects funded under the National Recovery and Resilience Plan (PNRR) and the Modernisation Fund.The Modernisation Fund supports investments in the generation and use of energy from renewable sources, energy efficiency, energy storage, modernisation of energy networks, including district heating, pipelines and grids, and just transition in carbon-dependent regions.
Exim Banca Românească continues the savings campaign under which it pays attractive interest rates, above the market average, for new deposits in lei and euro, over 7 months: interest rates of up to 7.20% per year for lei and 2.50% per year for euro. The offer is available both for the PLUS deposit in lei, […]
In a telecom market shaped by economic pressure, fierce competition, and rapidly evolving consumer habits, Orange Romania is betting heavily on network leadership as its defining advantage. With the largest 5G spectrum investment in the country’s history - around EUR 265 million - the company is doubling down on speed, coverage, and long-term infrastructure at […]
The Romanian job market was marked by extremes in 2025, according to an analysis by employment platform BestJobs. In some sectors, job-seekers dictated the rules, while in others they fiercely competed for a limited number of positions, giving employers the upper hand. In the IT sector, the limited number of available positions led to a […]
Poiana Brașov, a popular mountain resort in central Romania, will host a new winter event format starting in 2026, as Untold Universe launches Massif Week, scheduled to take place between February 27 and March 8. The initiative is designed to diversify the resort’s winter offering and extend the tourist season through a series of indoor […]
A memorial march will take place in central Bucharest on December 21 to mark the victims of the 1989 Revolution, which led to the fall of communism in Romania. The march will follow the Victory Square – University Square – Revolution...
Cushman & Wakefield Echinox announced the completion of the sale of the Zenith Conference & Spa hotel in Mamaia, one of the top hospitality units on the Romanian seaside, to the owners of Steaua de Mare Hotels & Resorts, based in Eforie Nord. The property was previously controlled by the RC2 investment fund and Antares […]
