Energy Minister Bogdan Ivan rejected on Thursday the "fake news" according to which Romania is providing electricity to the Republic of Moldova for free or at half price."I want to make a plain clarification regarding some fake news which I have seen in the last period, according to which Romania provides free energy to the Republic of Moldova and so on. I have requested the data on the SPOT market. Today, all the energy traded in Romania, Serbia, Bulgaria, Greece, Moldova, Ukraine, Hungary is done on the stock exchange. Depending on the price at certain hourly intervals, it is bought and sold. And to give you a very clear example, in order to finally put this myth to rest, in July, on average, Romania imported electricity at 104 euros per megawatt and sold it at 127 euros, meaning it sold at a higher price than it imported. In August, it imported at an average of 78 euros per megawatt and exported, meaning sold, at 115 euros per megawatt, so it sold at a higher price than it bought from the Republic of Moldova," the minister told a news conference at the Government.He explained that the price of electricity in the Republic of Moldova is low because the Government has a subsidy mechanism and because it eliminated the VAT on electricity."And I want to put an end once and for all to this myth and these lies spreading online, especially those according to which Romania uses part of its strategic advantages to sell electricity at half price to a neighboring country, a friendly country, a country with many friends, extremely important to us, which we value, but that's one thing, and another is another," Bogdan Ivan argued. (Photo:https://gov.ro/)
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
