ANRE announced on Tuesday that over 2021-2022 completed 28 investigation actions in the electricity and natural gas sector and consequently applied fines of 11.19 million lei to 24 participants in the wholesale electricity and natural gas market. As a result of European directives transposed in national law, ANRE set up the Investigation Department, having as object the investigation activity in the wholesale electricity and natural gas market. ANRE is the authority able to carry out investigations in the energy market for the good functioning of the wholesale energy market according to national and European regulations. In 2022, ANRE has ongoing investigations with 18 participants in the wholesale energy market suspected of market manipulation (suppliers, traders) of which 13 in the electricity sector and 5 in the natural gas one. The purpose of ANRE investigations is checking how participants in the wholesale energy market observe provisions of EU Regulation 1227/2011 of the European Parliament and Council of October 25, 2011 on the integrity and transparency of the wholesale energy market.
Ireland can be seen as one of the most important business hubs in Europe and the European Union, as many international companies have established regional headquarters there. If you are looking for a country to expand your enterprise, you should definitely consider Ireland for several reasons that are presented below. Location and language The first […]
Cyprus is mostly known as a tourist destination. However, there is also a business side to it, as many investors choose it to open companies because of the favorable taxation system. Apart from its low corporate tax rate, there are a few more reasons why you should choose it if you are looking for a […]
The Romanian Commercial Code provides for various types of entities that can be created by natural persons and companies, local or foreign. Each of them has its own particularities, which can give it various advantages. How do you choose among them? We will review the main types of companies and their pros to help you […]
A new alley named after Romanian diplomat Nicolae Titulescu was inaugurated on Tuesday, December 9, in Paris’s Parc Monceau during a ceremony attended by Romania’s president Nicușor Dan and Paris mayor Anne Hidalgo. “I expressed my appreciation for the decision to name an alley in the beautiful Parc Monceau in Paris after the great Romanian […]
Oxygen Resort, a development located in central Romania’s Harghita county, has inaugurated its first bungalows. The first 18 bungalows are already functional, with another 17 units to be completed in the next stage, bringing the total to 35. The inauguration of the bungalows “marks the transition from a center dedicated predominantly to recreational activities to […]
Romania carried out a new medical evacuation mission for civilians from Gaza on Monday, December 8, transporting eight Palestinian patients and 29 accompanying relatives to Bucharest for treatment, according to the Department for Emergency Situations (DSU). The patients were evacuated aboard a Romanian Air Force C-130 Hercules aircraft after lacking access to adequate medical care. […]
