The budget allocated to energy in PNRR is 1.62 billion euro, the highest sum, of 515 million euro, to be directed to the infrastructure of gas distribution from renewable sources and the production capacities of green hydrogen, according to the interim minister of energy, Virgil Popescu.The minister presented on Friday on Facebook the investments in energy towards which the money allocated through PNRR goes. It is about new production capacities of electricity from renewable sources – 460 million euro, the development of a legislative framework and regulation favourable to the technologies of the future, especially hydrogen and stocking solutions – one million euro, infrastructure of gas distribution from renewable sources – using natural gas in combination with green hydrogen as a transitory measure) as well as production capacities for green hydrogen and/or its use for electricity storage – 515 million euro, the development of capacities of gas production, flexible and high efficiency, for the cogeneration of electricity and thermal energy (CHP) in the sector centralized heating, with a view to decarbonisation – 300 million euro, industrial chain of production and/or assembly and/or batteries recycling, cells and photovoltaic panels (including auxiliary equipment) and new capacities of electricity storage – 280 million euro, energy efficiency in the industrial sector – 64 million euro. ‘Due to these investments, radical changes will be made in the energy system of Romania! As a total, through PNRR, Romania will benefit from 29.2 billion euro. The money will be offered in installments, depending on the meeting some objectives, called landmarks and targets. As a total, there are 507 landmarks and targets to meet until 31st December 2026’ said Virgil Popescu.The president of the European Commission, Ursula von der Leyen, announced on her Twitter account that Romania’s PNRR was approved by the EU Council.
A curated selection of critically acclaimed films by Romanian directors will be screened at the Ro-Mania Film Festival, set to take place in Berlin between June 20 and June 30. The festival will screen 43 films, including feature films, shorts, and documentaries, in a program that also covers concerts, workshops, debates, public readings, Q&As, and […]
More than 85% of Romanians believe the country will face economic difficulties in the near future, with concern particularly high among voters of the Alliance for the Union of Romanians (AUR) and adults aged 30 to 59, according to the latest INSCOP Research Barometer published on June 13 and consulted by Adevarul. ...
A limited agreement on the structure of the fiscal plan was reached among the four parties negotiating for a ruling majority in Romania, but there was little consensus on specific measures to support the plan on the revenue side, such as higher tax rates. The deadlock is total when it comes to the prime minister […]
The wage share in Romania (the share of the gross value added disbursed as total labour compensation) reached 45.6% in Romania in the 12 months to March 2025, according to data published by the statistics office INS. The dynamics of the wage share reflect how much the real wages have increased above labour productivity during […]
Bulgarian insurance company DallBogg will suspend its operations, including the issuance of mandatory motor third-party liability (RCA) policies, in Romania and other European markets starting July 1, 2025, due to unresolved claims and failure to meet obligations to policyholders, Romania's Financial Supervisory Authority (ASF) announced on June 13. DallBogg entered the Romanian RCA market in […]
If the competition authority approves the takeover, Romanian courier company Sameday will most likely become the market leader in terms of turnover in 2025 after the takeover of Cargus, according to calculations from Economedia.ro. ...
