The government on last Thursday approved, by emergency ordinance, the granting of a state aid worth 3.9 billion RON to the company Complexul Energetic Valea Jiului S.A [Energy Complex - editor's note] for the implementation of the mining closure plan to take place in stages between 2025 and 2032.The minister of energy, Sebastian Burduja, stated, at the Victoria Palace, that the government thus transposed the approved decision at the level of the European Commission."Indeed, in Valea Jiului, in the last two years, two and a half years, we have gone from a company that was basically bankrupt, the Hunedoara Energy Complex, to a very complicated transfer of funds to a new company - Complexul Energetic Valea Jiului, after which we began an extensive negotiation process with the European Commission for the approval of a state aid. In all European countries, the safety of mining operations was done with state aid, therefore with support, because it involves certain costs of extracting the open coal reserve, of making the operations safe, of greening the perimetres. Today, the Romanian government has transposed, by emergency ordinance, the decision approved at the European Commission level for a total amount of 3.9 billion RON until 2032," said Burduja.According to him, this money goes towards the closure and safety of the four mines in Valea Jiului: Lonea, which will close at the end of this year, Lupeni - on June 30, 2026 and Vulcani and Livezeni - at the end of 2030.
A new study conducted by the National Sample agency (formerly European National Panels), which thoroughly analyzes how people use social media, shows that Facebook remains the most popular social network in Romania, actively used by 75% of the online population aged 18 to 54. Romanians between 45 and 54 use Facebook with preference, while younger […]
RIVUS Cluj-Napoca, the mixed-use urban reconversion project developed by companies IULIUS and Atterbury Europe, was granted the largest loan for a new real-estate development in Romania, namely EUR 400 million. Around EUR 180.3 million will be provided by the European Bank for Reconstruction and Development (EBRD). Thanks to the loan, Cluj-Napoca will see the transformation […]
Former prime minister Marcel Ciolacu announced on Tuesday, May 20, that he has resigned as head of the Social Democratic Party (PSD), the largest in the Romanian legislature. The interim leadership of the party will be taken over by transport minister Sorin Grindeanu, a close ally of Ciolacu, who secured the position with 67 votes to […]
Anca Manitiu, Deputy CEO of Impetum Group - one of the biggest private equity managers in Romania - analyzes the recent trends and numbers in the European and regional private equity market. Europe's alternative investment fund market - funds investing in private companies, startups, and growth projects - is transforming. While capital previously flowed freely […]
Romania has overtaken Poland as the worst country in the EU for LGBTQ+ people, according to a ranking published by the Brussels-based non-governmental organization ILGA-Europe. Countries are placed in the organization’s annual "Rainbow Map" according to factors such as the number of hate crimes in a given year and the rights afforded by authorities to […]
Romanian national Stanislav Carpiuc, 26, from Romford, was charged with conspiracy to commit arson with intent to endanger life following the fires in north London. The Romanian was arrested on May 17 at London's Luton Airport and is due to appear at Westminster Magistrates' Court on Tuesday. He is the second man charged in relation […]
