The Local Council of Cluj-Napoca, a major city in Romania’s Transylvania region, approved the urban zoning plan (PUZ) for the reconversion of the city’s former Carbochim industrial platform and the restructuring of the 1 Mai Square. Romanian developer Iulius and Atterbury Europe proposed the large-scale project, which is estimated to be upwards of EUR 0.5 billion.
The investment targets the industrial platform’s transformation into a pole of urban attraction with multiple uses, including...
While the number of employees paid the minimum wage in Romania is only 1.06 million (-3.6% y/y), accounting for 16% of the total number of labour contracts, the number of employees earning just above the minimum gross wage (RON 4,050 - 4,100 or around EUR 800) was 1.63 million, according to Ziarul Financiar, based on […]
The Social Democrat (PSD) mayor of District 4 in Bucharest, Daniel Baluta, is leading in the poll carried out by INSCOP for the [still unscheduled] mayoral elections in Bucharest. Another poll, carried out by CURS, confirms Baluta’s leading position. The race is, however, tight, and the centre-right parties coming up with a sole candidate might […]
Romania's Ministry of Energy invited investors to come up with more wind farm projects for another auction under the CfD (contract for difference) scheme, after it approved projects with an installed capacity of only 1.26 GW out of the planned 2 GW in the previous auction, according to Economica.net. Projects with sufficient maturity but...
Bucharest Stock Exchange (BVB) would join Moldova's largest bank, MAIB, and regional energy group Premier Energy, in setting up a stock exchange in Moldova where the license of the existing exchange is expiring, according to
Hidroelectrica, Romania’s largest energy producer, announced on August 23 that it has not announced, does not intend, and is not considering any increase in electricity supply prices. "The company maintains its commitment to having a fair and competitive offer for its customers and reaffirms that it is not considering any unilateral change in prices for […]
The Ministry of Environment has put into public debate the new financing guide for the Rabla Auto 2025 Program, which brings a drastic adjustment of the support for electric vehicles. The value of the subsidies (eco-voucher) for full-electric or hydrogen fuel cell vehicles (not marketed in Romania) will be only RON 18,500 (approximately EUR 3,500), […]
