During 2022-2030, the European Union will allocate significant sums for investments in renewable energy production and storage capacities, energy efficiency, modernization and expansion of electricity networks and other energy fields. The implementation of these projects was envisaged in the context of the European Union’s energy efficiency and decarbonisation policies and objectives. The need for these investments is amplified by the new political discourse on increasing the European Union’s energy independence, generated in the context of the conflict in Ukraine. National Recovery and Resilience Program – the first calls scheduled for 2022 through the the National Plan for Recovery and Resilience, in the period 2022-2026, 1.62 billion euros will be allocated under the Energy component, money allocated for investments in wind and solar energy production and storage capacities, green hydrogen production capacities, cogeneration, investments in the entire value chain of photovoltaic batteries, cells and panels, but also to ensure energy efficiency in the industrial sector. For Measure I1, intended for investments in new renewable energy production and storage capacities, the Ministry of Energy published, in February 2022, State Aid Schemes and Specific Guidelines for Financing, and the call for projects is to be opened on March 31, 2022 . Also within the PNRR, Component 5 (Renewal Wave) provides subsidies of 2.2 billion euros for investments in increasing the energy efficiency of residential and public buildings. According to the PNRR schedule, the first calls for these investments would be launched by June 30, 2022.
Roberta Metsola, president of the European Parliament, has been named the 2025 laureate of the Timișoara Award for European Values, an honor established by the Municipality of Timișoara, western Romania. She will receive the award during a gala ceremony on May 22. The jury, composed of prominent Romanian professionals from various fields, recognized Metsola for […]
Romania’s interim president, Ilie Bolojan, delivered a message on Tuesday, April 22, to mark World Earth Day, emphasizing the importance of environmental care for both current and future generations. He stressed that a clean environment is essential for quality of life, public health, and the sustainable...
The leader of the Romanian reformist party USR, Elena Lasconi, a presidential candidate for the May 4 ballot with ambiguous support from her own colleagues, announced imminent thorough reforming of her party, apparently involving the replacement of the top leadership that withdrew her support recently. However, the odds for her to conduct the reforms are […]
Hungarian company Alpin Szig es Szerkezet Epitoipari, through its wholly-owned Romanian subsidiary Mineral Insulation, announced that a mineral wool factory with an annual capacity of 30,000 tons will be built in Miercurea-Ciuc, central Romania, upon a project involving EUR 20 million investments, announced the mayor of the town, Korodi Attila, and Orban Zoltan, on the side […]
The Municipality of Bucharest (PMB) completed the issuance and placement of bonds with a total nominal value of RON 555.1 million (EUR 111 million), PMB announced in a note to investors at the Bucharest Stock Exchange, where the bonds will be listed. The issue was heavily oversubscribed, with banks placing orders for 190% of the […]
Restart Energy One, a Romanian provider of renewable energy solutions with two bond issues listed at the Bucharest Exchange, announced in a note to investors that it is entering into a preventive arrangement to avoid insolvency. Its bonds were recently temporarily suspended from trading amid an investigation conducted by prosecutors involving the company's founder,
