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.
On Friday, June 6, the Cluj Court of Appeal heard the appeal filed by former health minister Sorina Pintea in the case in which she was accused of bribery, upholding the sentence decided by the Cluj Tribunal a year ago: 42 months of jail with execution. At the same time, the court decided to confiscate […]
Romania’s retail sales volume index increased by 0.4% y/y in April 2025, after the annual growth rate had decelerated to +3.5% y/y in Q1 from an average of +8.6% y/y in 2024, according to data published by the statistics office INS. Sales readings will likely remain weak in May, reflecting households’ concerns ahead of the […]
Because of the slower-than-anticipated GDP growth in Q1 (+0.3% y/y) and also accounting for high-frequency data signals for the second quarter, Erste Group has revised its full-year GDP growth forecast for this year to 1.3% from 1.8%. This is close to the government's 1.4% revised forecast issued in May. Due to the much-anticipated fiscal consolidation […]
Romania’s GDP increased by an average of 0.1 q/q over the past five quarters to Q1 2025, when it posted a meager 0.3% y/y advance and quarterly standstill (+0% q/q), according to data published by the statistics office INS. The new data provides details on specific formation and utilization segments but confirms the overall economic […]
Cristian Chivu has been named head coach of Inter Milan's First Team, marking a new chapter in his long-standing relationship with the club. The 43-year-old Romanian has signed a contract with Inter until June 30, 2027. “During his life, Cristian Eugen Chivu has faced major challenges and defining moments that shaped him, both as a […]
A total of 41.7% of Romanians consider the possibility of Romania being involved in a war as their primary concern, according to a survey conducted by INSCOP Research between May 26 and 30. The figure is nearly three times higher than the next most frequently cited concerns - healthcare and rising prices (around 15% each) […]
