The Investments Committee has recently approved the money from the Fund for Modernisation for important investment projects, the total sum approved being almost 1.4 billion euro, announced the minister of energy, Virgil Popescu, on his Facebook page.According to the minister, it is about eight projects lodged by the Energy Unit Oltenia for the production of energy from renewable sources, worth 670.802 million ruto out of which 469.562 million euro from the Fund for Modernisation, the production being in the final stage of 735 MW. The projects aim at the construction of photovoltaic parks on the Rovinari Est area, on the closed deposits of ash and slag of THE ISALNITA SE, on closed deposits of ash and slag of THE SE Rovinari, on closed deposits of ash and slag of SE Turceni, On the inner hallway within the career Tismana 1 - Rosia-Rovinari and on the inner hallway within the career Tismana 2 - Rosia - Rovinari.Similarly, it is about two other projects CCGT for CEO namely Isalnita worth 506.250 million euro, out of which 253.125 million euro from the Modernisation Fund and Turceni, worth 335.009 million euro, out of which 167.505 million euro out of the Modernisation Fund. The total capacity will be 1,200 MW.At the same time, the funds include projects presented by Transelectrica worth 475.51 million euro, out of which 393.675 million euro from the Modernisation Fund, namely: LEA 400 kV Gadalin-Suceava, passage to the 400 kV line voltage of the iron gates - Resita - Timisoara - Sacalaz - Arad. Stage II, passage to 400 kV line voltage iron gates - Resita - Timisoara - Sacalaz - Arad.stage III, passage to 400 kV LEA Braazest Vest - Teleajen - Stalpu, a pilot project - upgrading of the Alba Iulia station in the concept of a digital station, Installation of two modern means of compensating reactive power in Sibiu Sud and Bradu stations, optimization of the existing LEA 400 kv operation in the SEN, used in the interconnector and for the evacuation of power from the Cernavoda nuclear power plant and the renewable energy plants in Dobrogea, through installment of online motorization systems (SMART GRID) and counting system and electricity measuring data system on the wholesale market.‘There were also approved funds for the modernization of the electricity distribution grids, worth 1.2 billion euro, out of which 100 million euro will be allocated this year. During the period to come, the emergency ordnances for the regulation of the institutional framework and financial flows to make the Modernisation Fund more operational. We will continue to invest in the period to come so that Romania will become energetically independent.
German company Henkel, with over 500 employees in Romania, has opened a new headquarters in Bucharest, marking a fresh chapter in its three-decade presence in the local market. The space blends Henkel’s “Smart Work” concept with Romanian cultural design elements inspired by Constantin Brâncuși and traditional motifs, while a dedicated quiet zone pays tribute to […]
Ruling on the draft law on the disbursement of privately-managed pensions, namely 2nd and 3rd Pillars, inked by the Financial Supervisory Authority (ASF), promoted by the Romanian government and approved with amendments by the Parliament, the Constitutional Court (CCR) concluded that the capping the single payment granted before the start of the monthly payments to […]
The revised bill that bans the cumulation of the public pension of a special (non-contributive) nature with a wage paid in the budgetary sector, currently available for public debate, will be amended so as to restrict the exceptions provisioned in the original form, labor minister Florin Manole said, according to
The Romanian business community reiterated its firm call to decision-makers to eliminate the minimum turnover tax (IMCA), in view of the discussions on the construction of the state budget for 2026, according to a statement signed by more than 100 employers' federations, business associations, and chambers of commerce in Romania. The Romanian government will address […]
Romanian president Nicusor Dan reiterated in a speech at the 2025 Digital Governance Summit organised by Edge Institute at Cotroceni Palace and published on the Presidency's webpage, thus making it somewhat official, an invitation addressed to the "private community" to draft regulations and sectoral policies that the state is unfortunately unable to design, such as […]
Premier Energy Group (BVB: PE), a leading vertically integrated utility company in Southeastern Europe listed on the Bucharest Stock Exchange, reported its normalized revenue grew 40% y/y to EUR 1.17 billion, while normalized EBITDA rose by 36% y/y to EUR 94 million in the first nine months of 2025. On a reported IFRS basis, revenue […]
