Almost 27% of the gas thermal units in Romania are older than ten years and should be replaced, according to the results of a survey made by E.ON. A condensing power plant can reduce natural gas consumption by up to 30%. E.ON mentions the fact that, in a context of increased volatility of the energy prices, energy efficiency measures for the reduction of consumption without affecting comfort, with the purpose of dropping the value of the energy bills, must be a preoccupation for all users. Replacing old, low-efficiency and high-consumption plants with new, energy-efficient ones is one of the most affordable solutions. A condensing power plant provides up to 30% reduction in natural gas consumption due to 108% efficiency compared to conventional power plants. The benefit for the user is the reduction of the gas consumption up to approximately 3,600 kWh per year, for an average annual consumption of almost 12,000 kWh, with an economy for the bill to almost 1,000 lei per year. The German group E.ON is one the leaders on the energy market. The companies in the group, Delgaz Grid, E.ON Energie Romania and E.ON Asist Complet develop activities of distribution, energy supply and energy solutions, namely technical ones for almost 3.4 million users. Since they entered the Romanian market, E.ON has invested over 1.9 billion euro, mainly in the modernization of the grid. At the same time, the value of the contributions to the state budget and the local budgets is 2.7 billion euro.
After the IPO conducted by Romanian cold-cuts producer Cris-Tim was heavily oversubscribed on the retail segment during the first days (when a discount applied), the institutional investors have already covered their segment with offers - while the price has still not increased significantly above the lower-end bound, according to
Romania's telecom operator Digi Communications (BVB: DIGI) announced on October 23 in a note to investors that it has increased the bond issue initially announced at EUR 500 million to EUR 600 million, setting an interest rate of 4.625% per year and maturity in 2031. Most of the money will be used for refinancing. The […]
The Ministry of Finance confirmed in a press release that Romania has obtained the agreement of the European Commission to replace the milestone in the PNRR regarding the reduction of the VAT gap and has avoided a loss of up to EUR 1 billion in grants in 2026. Following negotiations between Alexandru Nazare, minister of […]
The construction works volume contracted by 2.1% y/y in August after the unusually strong 40% y/y surge in July that could be attributed rather to accounting or other bureaucratic developments caused by the budgetary measures implemented by the government, according to data published by the statistics office INS. The seasonally-adjusted works volume index dropped by […]
Romania’s government estimates its public deficit to reach 8.4% of GDP under ESA methodology this year marking a 0.9 percentage points (pp) consolidation from 9.3% of GDP in 2024, and targets stronger, 2.4pp consolidation to a 6%-of-GDP deficit in 2026 under the progress report sent to the European Commission (EC) under the Excessive Deficit Procedure […]
The City Hall of Brașov, a popular mountain city in central Romania, announced the introduction of a new traffic safety system that uses radar-equipped traffic lights to stop speeding drivers automatically. When a vehicle is detected going over the...
