Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Updated National Integrated Plan in Energy and Climate...

Updated National Integrated Plan in Energy and Climate Change next spring

November 16, 2023

 The Ministry of Energy is in the process of updating the National Integrated Plan in the field of Energy and Climate Change (PNIESC), so that, in the spring of next year, we will have this plan up to date, which involved a "difficult coordination pulled by the collar effort of the other institutions involved", declared minister Sebastian Burduja, at the Romanian Renewable Energy Summit 2023."Romania is among the countries with the most ambitious decarbonization plan, it is among the countries with the most spectacular increase in the share of renewable energy in the energy mix, it is among the countries that give the world one of the best specialists in the energy sector," said Burduja.At the same time, he emphasized that Romania is the first country to exploit gas in the Black Sea with Black Sea Oil and Gas, followed by Neptun Deep, adding that, in his opinion, Romania will be the first country to have wind power plants in the Black Sea, which is why the Offshore Wind Law was accelerated."That's why we accelerated the law for offshore wind to the maximum, it is under interministerial approval, we have a very lively dialogue with the Ministry of the Environment and some elements of this draft law that will be adopted by the Government and, later, sent to the Parliament, with a deadline for adoption this fall," the minister pointed out.At the same time, Burduja stated that, at the level of the Ministry of Energy, it is desired to carry out a global study on the areas that can be developed, to take into account all environmental aspects and to define the areas where these capacities can be built.The minister also referred to "another important scheme", namely "contract for differences" (CFD)."I think you are aware of this mechanism. It sets a reference price for 15 years. When the market price is above the reference price, the investor pays the difference to a fund, to the counterpart of the Romanian state, which will be managed by OPCOM (Electricity and Natural Gas Market Operator). When the price is below, the counterparty pays the investor, so as to ensure this stability for 15 years," he explained.In his opinion, it is very important to have competition."I was with president Iohannis in Portugal the other day. Portugal managed to set, according to the Portuguese (Energy, ed. n.) minister, the world record for the price set through CFDs very low. This means that it managed to make an extremely competitive procedure. The entrepreneurs came, they competed and brought the reference price very low," Sebastian Burduja said.He highlighted that all the premises are favorable for the development of renewable energy in Romania. Currently, its share in the energy mix is approximately 70%.

Read in full - click here
Romanian Social Democrats elect new leadership, only one candidate running for party leader

Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]

Black Friday sales processed by PayU Romania top EUR 100 mln by early afternoon

The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]

Romanian smartphone retailer Contakt to launch IPO on Bucharest Exchange

Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]

Romania draws fewer foreign tourists than in the communist era, Travel Agencies Association warns

Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...

InterCapital launches two new ETFs on the Bucharest Stock Exchange

InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]

Romania, Bulgaria and Republic of Moldova approve Maspex’s takeover of Purcari Wineries

The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries.  The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]