The season of Christmas markets and fairs kicks off this week in Sibiu, Craiova, and in Bucharest, while an exhibition on Caravaggio's influence opens in Timișoara.
The updated version of Romania's Energy Strategy 2025-2035 provides, among other things, for keeping affordable energy prices in place and supporting economic competitiveness, developing energy storage facilities and encouraging the growth of domestic consumption under efficient circumstances, according to the Ministry of Energy.The draft of the updated "Romania's Energy Strategy 2025-2035 toward 2050" document is posted on the website of the Ministry of Energy, the section "Transparency and integrity - Decision-making transparency.""The previous energy strategy was adopted 17 years ago, for 2007-2020. Therefore, there was a pressing need to adopt a new programmatic document. Among the novelties of the strategy, I would list: the imperative of safeguarding the energy security of Moldova; focusing on lowering energy prices for household and industrial users; developing storage facilities; cyber-security and the construction of a local supply chain with technologies and materials necessary for the green transition. I would like to remark that this strategy was developed by experts from the Ministry of Energy together with those from companies and bodies operating under its authority, as well as by the members of the Honorary Council for Energy. Not a single penny from the national budget was used for external consultancy," Energy Minister Sebastian Burduja is quoted as saying in a press statement released by the Ministry of Energy on Friday.In the view of the relevant ministry, among the need to accelerate the green transition and improve energy security, Romania's new energy strategy aims to ensure complementarity between maintaining affordable prices and supporting economic competitiveness; a gradual transition from fossil fuels to renewable and/or low-carbon energy resources; developing storage facilities; improving energy efficiency; diversifying domestic energy resources; strengthening energy transmission and distribution networks; encouraging an increase in efficient domestic usage; flexibility of networks and the creation of a competitive and highly-performing market that places users at its core.
The season of Christmas markets and fairs kicks off this week in Sibiu, Craiova, and in Bucharest, while an exhibition on Caravaggio's influence opens in Timișoara.
Electrical cable manufacturer ELECTROPLAST is carrying out an investment project estimated at over EUR 9 million for modernizing the production unit and expanding its facilities. This investment project will triple production capacity and lead to reduced electricity consumption and carbon footprint. ELECTROPLAST is participating in the modernization of Romania's railway infrastructure. The company recently contracted...
Following an investment of EUR 2.5 million in the renovation and refurbishment of a historic building in the Rosetti Square area in downtown Bucharest, the InStil Hotels group, owned by the Alecu family, is diversifying its portfolio with a new 4-star boutique hotel property. Named Ecletico Villa, the property offers 18 rooms. The new boutique […]
The rising labor costs, the recruitment process, and the retention of experienced employees are the main challenges for business services companies active in the country, according to the 2024 report of the Association of Business Service Leaders in Romania (ABSL). According to ABSL data, all companies reported salary increases this year, and the estimated growth […]
MerchantPro, local SaaS eCommerce platform, analyzed the performance during the week leading up to Black Friday 2024, confirming the establishment of Black Week as an extended shopping event that captures consumer interest over seven days. Data collected from a sample of approximately 1,000 local online stores shows a 5% increase in the number of orders...
The sixth edition of the Classix Festival takes place in Iași between February 23 and March 2, 2025. According to the organizers, the event's new concept, Revelations!/Revelații!, "outlines moments of profound clarity, unexpected inspirations, and mind-blowing discoveries." "After previous editions focused on the discovery of desires (2024), metamorphoses (2023), and the primal instinct of music […]