The National Energy Regulatory Authority (ANRE) is investigating 26 energy companies for market manipulation, and fines will be between 5% and 10% of their turnover, the chairman of ANRE, Dumitru Chirita, said on this Wednesday.He was audited in the parliamentary inquiry committee regarding energy prices."We have 26 economic operators being investigated for market manipulation. What we noticed: operator A sells operator B a quantity of electricity, B sells to A the same quantity at inflated prices. And, through this formula of market manipulation, the price increases," Chirita said.According to him, until now, fines have been symbolic, but from now on the law will be applied, meaning that fines will be between 5% and 10% of the company's turnover."It is quite difficult to investigate in this area, but we have equipment that allows us to clone data and information from the operator's electronic systems. It is equipment from the United States, for which every 6 months I have to sign a statement that I am not using it other than the purpose I acquired it for," the chairman of ANRE added.He highlighted that all this data is of confidential nature and he will put it at the disposal of the inquiry committee.
Romania’s former head of the Environmental Guard, Octavian Berceanu, has claimed he was offered a EUR 10 million bribe to intervene in a defense-related commercial deal, he revealed in an interview with Europa FM. According to Berceanu, the offer came...
Romania’s automobile output declined by 2.7% year-on-year in the first ten months of 2025 to 453,955 units, according to data published by the Romanian Automobile Manufacturers Association (ACAROM). Of the total, 245,765 cars were produced at Automobile Dacia’s Mioveni plant, marking a 5% decrease compared to the same period in 2024. Production at Ford Otosan’s […]
The Government intends to submit a new disbursement request for an amount exceeding EUR 2.5 billion in grants under the Resilience Facility by the end of November, prime minister Ilie Bolojan announced in a Facebook post, as cited by G4media...
Romania’s trade in goods posted a EUR 7.75 billion deficit in Q3, 7.6% smaller compared to the same period in 2024, according to data published by the statistics office INS. The trade gap expanded by 10.9% year-over-year (y/y) to EUR 16.7 billion in H1. It is still premature to conclude that fiscal consolidation has a […]
The Superior Council of Magistracy (CSM) has filed a criminal complaint against deputy prime minister Oana Gheorghiu, accusing her of “violating the independence of justice and the status of magistrates in an irresponsible and populist manner,” the institution announced. The move follows Gheorghiu’s recent comments on
Romanian producer Transavia announced it was expanding into the production of pet food with a RON 763 million (approximately EUR 150 million) factory in Ciugud, in Alba county. The investment is made entirely from the company’s own funds. With a built area of 65,000 sqm, the factory will produce a wide range of dry and...
