Canadian renewables developer and asset owner Grasshopper Energy has signed an agreement that could support the development of up to 1GW of solar in Romania by 2030. The deal with entrepreneur Stefan Sturdza covers the development, construction and operation of solar projects in the country and is said to require investments of around USD 1 billion. Canada-headquartered Grasshopper Energy said the partnership represents the first stage of its goal in helping Romania reach its renewables targets. "Grasshopper is honoured to play a role in providing Romania with the latest clean energy infrastructure innovation and to support Romania and Europe in combating climate change," CEO Azeem Qureshi said quoted by Pv-tech.org. Having reached 1.4GW of installed solar at the end of 2020, Romania is looking to have 5.1GW of deployed solar by 2030 as part of efforts to generate 30.7% of its energy needs from renewable sources by the end of the decade. Recent months have seen R.Power enter Romania's solar market with plans for a 100MW PV plant, while developers Econergy and Nofar Energy have acquired a 155MW ready-to-build park that they said will be the country's largest solar installation to date.
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 […]
