The National Plan for Recovery and Resilience (PNRR) represents an opportunity for Romania to develop and get an economy neuter from the climatic point of view until 2050, by the adoption of the newest and greenest existing technologies, stated , in an interview offered to AGERPRES, Mihai Constantin, Climate and Energy Policy Officer with WWF Romania.The specialist of the organisation spoke, similarly, in the interview, about the factors which led to the increase of tariffs for electricity and natural gas, as well as about long term measures which the government should adopt to support the users, beyond the compensation of the bills, measure which solves the issue ‘ for a short period of time’. As regards the idea of capping tariffs, Constantin considers that it is unlikely to happen as ‘the European legislation does not allow it’.According to the environment expert, the authorities in Bucharest opted for projects through which to support the use of natural gas, although Romania should have supported in PNRR the development of renewable energy and complementary measures, such as the creation of capacities for energy storage and modernization of the electricity transport grids.
The BET index, which follows the price movements of the most traded 20 companies listed on the Bucharest Stock Exchange (BVB), closed 2024 up 8.78% compared with the end of 2023. The BET closed at its highest end-of-year value since launch (16,720 points) but 11% below its all-time high of 18,800 points touched at the […]
2024 is almost over, and before making any predictions, hopes or wishes for 2025, I will take this moment to look back and remember the pics that stayed with me most in the past months. I will try to go in the order that I watched each, and I also included all trailers below […]
Update: The government will pass the ordinance covering measures aimed at reducing public spending and the budget deficit, prime minister Marcel Ciolacu announced. The PM said the country was facing “a difficult year ahead” and “we must quickly adopt measures that will protect Romania from possible major financial risks.” The tax on special constructions, which […]
The Government is scheduled to meet on Monday, December 30, to discuss the emergency ordinance covering measures aimed at reducing public spending and the budget deficit. The Ministry of Finance published the draft ordinance on Sunday, December 29. It is available here. Among the measures included in the draft ordinance, also known as "the austerity […]
Romania’s Ministry of Finance (MF) raised RON 2.6 billion (EUR 523.1 million) through its sixth Fidelis government bond issuance of 2024, setting an annual record of RON 16.4 billion...
UniCredit Bank, one of Romania's leading financial institutions and a member of the UniCredit Group, has announced the listing of a new corporate bond issue worth RON 750 million (EUR 150 mln) on the Bucharest Stock Exchange (BVB). The bonds, issued under the ticker symbol UCB29, are set to mature on November 22, 2029. The […]
