The government approved, in the meeting on Friday, the state aid worth over 43 million lei for the closing down of the mines in Lonea and Lupeni, considered to be non-competitive, part of the energy complex Hunedoara –S.A, in insolvency for 2022. ‘The energy complex Hunedoara will receive a state aid for the closing down of the non-competitive coal mines (Lonea and Lupeni) worth 43.246 million lei for 2022, which is completely covered from the state budget through the budget of the ministry of energy’ said the government, in a press release. The state aid is offered for the covering of the exceptional costs of the units in final closing down, costs which are not connected to current production. Thus, the money will be used for compensation payments offered to the employees, professional retraining, rehabilitation of the former mining exploitations, as well as for the surface recultivation. ‘These support measures are offered until 2024 and were notified and authorised by the European Commission through decision no.C (2016) 7.719/final, modified and completed by decision no. C (2018) 1001/final regarding the closing down of the non-competitive coal mines from Romania. At the same time, the non-compliance of the energy complex Hunedoara with the conditions included in the Decision of the European Commission, as well of the obligations committed with a view to obtaining the state aid, will determine the implementation of the measures necessary to recover the state aid by the ministry of energy’ the government said. The state aid is offered with the observance of the community legal provisions in the domain, directly applicable to Romania, as EU member state.
OMRO, the lending branch of the fintech Filbo, together with Filbo Pay and Easybill, listed RON 12.3 million (EUR 2.4 million) in corporate, unsecured bonds on the Bucharest Stock Exchange on July 1. This is OMRO’s fourth issue of corporate bonds. OMRO32 bonds have a nominal value of RON 100 per bond and a variable […]
The Ploiești Court found on Tuesday, July 1, that former tourism minister and influential politician Elena Udrea can be conditionally released from prison. The decision is not final and has reportedly been contested by the National Anticorruption Directorate, or DNA. Udrea is currently hospitalized at the Ploiești County Emergency Hospital, after undergoing surgery on Sunday, June […]
The foreign exchange reserves of the National Bank of Romania, or BNR, totaled EUR 58.281 billion at the end of June 2025, up by 4.71% compared to May 31, 2025. During the month of June, there were inflows of EUR 6.1 billion, representing changes in foreign currency minimum reserves established by credit institutions at the […]
Maib, the largest bank in the Republic of Moldova, has established a strategic partnership with Tuum, a next-generation core banking platform from Estonia, to obtain a fully digital presence for retail customers in Romania. Tuum’s core banking platform will serve as the foundation for Maib’s greenfield operations in Romania. “Maib’s decision to collaborate with Tuum […]
The Romanian government officially launched the 12th edition of its Official Internship Program on July 1, welcoming a new cohort of 150 young interns selected from more than 1,900 applicants. Over the next two months, the interns will be hosted by 26 government institutions, where they will gain hands-on experience in public administration. The program […]
The cogeneration plant on the Petromidia Năvodari platform, the flagship project of the Kazakh-Romanian Energy Investment Fund (KREIF), has entered its final testing phase and is expected to be fully integrated with the Petromidia refinery and Romania’s National Energy System - NES by the end of August. Developed through Rompetrol Energy, a KREIF subsidiary, the […]
