Energy group Premier Energy (BVB: PE) announced that its subsidiary, Alive Renewable Holding Limited, has completed the acquisition of a 90% stake in Development Power Solar Energy, a company that holds the rights to build a 49 MW DC solar park, together with a 16 MWh energy storage facility in Buzău County, Romania.
The company estimates that the completion and commercialization of the plant will occur in the second half of 2025.
The signing of the acquisition was previously...
Romanian PM Ilie Bolojan operates outside of the legal procedures when initiating consultations on a proposal for amending the legislation on the service pensions in the field of Justice, the Romanian Superior Council of Magistracy (CSM) said in a press release on July 30. ...
Romania is currently rebuilding its bilateral relations with the United States with the aim of rejoining the Visa Waiver program after the Trump administration removed it from the list of partner countries, according to foreign minister Oana Ţoiu. During an interview given on Wednesday, July 30, the minister noted that efforts are being made for […]
Justice Minister Radu Marinescu (Social Democratic Party) stated, in an intervention on Digi24, that the ministry he heads supports the special pension reform, proposed by Prime Minister Ilie Bolojan, but "the set of proposals communicated by the prime minister will...
Romania’s governing coalition agreed on July 30 to hold local elections for Bucharest Mayor in November, although the exact date has not yet been set, Ziarul Financiar reported. The mayoral seat became vacant after former mayor Nicuşor Dan won the presidential election in May. On the same day, president...
State-owned Romgaz (BVB: SNG) sold 2.52 billion cubic meters of natural gas from domestic production in the first six months of the year, 12.55% above the level of the same period in 2024, according to the operational report from the Bucharest Stock Exchange. The company's financial report will be published on August 14. Hydrocarbon production […]
Hidroelectrica (BVB: H2O), the largest energy producer controlled by the Romanian state, announced on the Bucharest Exchange that its net electricity production decreased by 27% in the first half of the year, to 6,068 GWh, while purchased energy increased by 62%, to 674 GWh. The company’s financial results for the first 6 months of the […]
