The National Energy Regulatory Authority (ANRE) last week approved an average increase of 19% in the regulated tariffs for the distribution of natural gas, which means about RON 10 /MWh distributed.The increase applies from July 1.The change in tariffs is determined by three main factors: the increase in the costs of the natural gas distribution adjusted for a forecast inflation for 2024 of 4.6%, the increase in capital costs following the achievement in 2023 of a record investment volume, both in connections to new users and in extensions of distribution systems in the concessioned areas, as well as an 8% reduction in the amount of natural gas transmitted in 2023.Under Energy and Natural Gas Law 123/2012 and ANRE Order 217/2018 approving a methodology for establishing the regulated tariffs for the distribution service in the natural gas sector, ANRE approves the regulated tariffs for the natural gas distribution service and sets the regulated tariffs for the provision of natural gas distribution services, differentiated, for each distribution operator.The tariffs include, but are not limited to, costs generated by the modernisation and development of distribution capacities through the extension of networks or by the creation of new systems/networks, as well as costs generated by the connection of new applicants to household customers, self-employed individuals, individual enterprises, family businesses and public institutions, only if such costs are justified.
Marriott International announced plans to expand its presence in Romania with five new hotels and more than 550 additional rooms expected by the end of 2028. The expansion will also mark the debut of two Marriott brands in the country, Residence Inn by Marriott and Four Points by Sheraton, as the company strengthens its portfolio […]
Romania's state-controlled hydropower group Hidroelectrica (BVB: H2O), the largest energy producer in the country, registered a net profit decrease of 56% in the first quarter, dropping from RON 1.32 billion (EUR 258.5 million) to RON 589 million (EUR 115.3 million). Net electricity production was 2,654 GWh, down 38% compared to the same period last year, […]
Timișoara will host the first football-themed film festival in Romania and Eastern Europe this November, marking a unique cultural initiative at the intersection of sport, cinema, and community identity, Agerpres reported. Organized by the Druckeria Supporters’ Association, the inaugural edition of the Timișoara...
The well-being of children in many of the world’s richest countries, including Romania, has deteriorated significantly since the COVID-19 pandemic, according to a new analysis released by UNICEF Innocenti – Global Office of Research and Foresight. The top three countries are the Netherlands, Denmark, and France, while Romania is at number 16 in the report, […]
Marius Lulea, vice president of the far-right Alliance for the Union of Romanians (AUR), publicly praised former Communist dictator Nicolae Ceaușescu, drawing condemnation from historians and legal experts for promoting a convicted criminal against humanity,
The Party of European Socialists (PES) and the Socialists and Democrats group in the European Parliament (S&D) stated on May 12 their firm position...
