The government approved on Wednesday the amendment and completion of Government Emergency Ordinance No. 64/2011 on the geological storage of carbon dioxide, setting measures in place for the rapid development of the necessary infrastructure in order to reduce greenhouse gas emissions.According to a government release, "the new regulations approved by the government will facilitate the rapid and efficient development of the infrastructure needed for the storage of carbon dioxide produced by industrial installations, by speeding up the authorization and approval processes in accordance with the climate goals pledged by Romania, and converging with those set at European level.""Capturing, transporting and geologically storing carbon dioxide will help the Romanian economy increase its competitiveness in the energy transition, preserve jobs in industries that generate carbon dioxide or, where appropriate, create new jobs. At the same time, they will contribute to maintaining the continuity of heavy/energy-intensive industrial activity, which is difficult to decarbonize," the cited source states.This way, Romania updates its legislative framework to the most recent European regulations in the field."This is about the implementation of the EU Industrial Carbon Management Strategy, which requires the development of the carbon dioxide transport and storage infrastructure. This strategy is closely linked to the Net Zero Industry Act (NZIA), which aims to strengthen the EU's industrial capacities in order to achieve climate neutrality goals by 2050, and facilitates the implementation of critical infrastructures for the efficient management of industrial emissions," the cited source also shows.Romania is an important hydrocarbon producer, so that Romanian producers are required to develop an injection capacity of approximately 9 million tons by 2030, the second largest in the EU overall, the government emphasized.Also, the government mentioned that currently Romania has no element of the infrastructure needed for carbon dioxide capturing, transport, and storage projects. In order to achieve the European climate goals, Romania had to adjust its regulatory framework so that, in the period of time left until 2030, interested economic operators can develop such projects, the Executive explained.
German company Henkel, with over 500 employees in Romania, has opened a new headquarters in Bucharest, marking a fresh chapter in its three-decade presence in the local market. The space blends Henkel’s “Smart Work” concept with Romanian cultural design elements inspired by Constantin Brâncuși and traditional motifs, while a dedicated quiet zone pays tribute to […]
Ruling on the draft law on the disbursement of privately-managed pensions, namely 2nd and 3rd Pillars, inked by the Financial Supervisory Authority (ASF), promoted by the Romanian government and approved with amendments by the Parliament, the Constitutional Court (CCR) concluded that the capping the single payment granted before the start of the monthly payments to […]
The revised bill that bans the cumulation of the public pension of a special (non-contributive) nature with a wage paid in the budgetary sector, currently available for public debate, will be amended so as to restrict the exceptions provisioned in the original form, labor minister Florin Manole said, according to
The Romanian business community reiterated its firm call to decision-makers to eliminate the minimum turnover tax (IMCA), in view of the discussions on the construction of the state budget for 2026, according to a statement signed by more than 100 employers' federations, business associations, and chambers of commerce in Romania. The Romanian government will address […]
Romanian president Nicusor Dan reiterated in a speech at the 2025 Digital Governance Summit organised by Edge Institute at Cotroceni Palace and published on the Presidency's webpage, thus making it somewhat official, an invitation addressed to the "private community" to draft regulations and sectoral policies that the state is unfortunately unable to design, such as […]
Premier Energy Group (BVB: PE), a leading vertically integrated utility company in Southeastern Europe listed on the Bucharest Stock Exchange, reported its normalized revenue grew 40% y/y to EUR 1.17 billion, while normalized EBITDA rose by 36% y/y to EUR 94 million in the first nine months of 2025. On a reported IFRS basis, revenue […]
