The power installed in photovoltaic parks in Romania will double, in 2024, and will exceed 4 GW, according to the estimates of a domestic start-up active in the energy field."Next year, Romania could have an installed power of 2,000 new MW from photovoltaic panels alone, almost as much as three nuclear reactors from (southeast) Cernavoda (single nuclear power plant so far, ed. n.). The pace of development and investments in this field is accelerating, in the context in which our country is in an early stage. By comparison, Romania would reach, in 2024, 4 GW installed power in photovoltaic panels, while Germany has already reached approximately 70 GW. It is little by comparison, but it shows the huge development potential of this field in Romania," explained Stelian Muscalu, development director at ECITIM.According to the specialists, in 2023, solar panels with a power of over 1,000 MW were installed, which totaled investments of approximately one billion euros, and a significant contribution to this amount came from the state, through the Photovoltaic Green House program.The ECITIM company, through the EnergiePentruToti.ro platform, offers "end-to-end" management for solar energy investment, simplifies the purchase of energy packages, ensures easy payments and legal compliance.
Rosavis Prod, a business founded in 2007 by the Vica and Constantin Mihăilă family in northeastern Romania at Roşieşti, Vaslui County, which raises 2 million chickens annually, is investing EUR 10.8 million in a feed factory, Ziarul Financiar reported. Out of this, EUR 6.5 million will come...
Telecommunications operator Digi Communications (stock symbol DIGI) has hired investment bank Rothschild to evaluate a possible listing on the Madrid stock exchange of its Spanish business, the publication Expansión wrote on September 12, citing anonymous market sources, according to Ziarul Financiar. ...
Romania’s current account (CA) deficit in rolling 12 months has narrowed for the second consecutive month to EUR 32.12 billion in July, according to the data published by the National Bank of Romania (BNR). The 12-month rolling CA gap has thus narrowed by EUR 0.5 billion from June, after it previously contracted by EUR 1.4 […]
Romania's minister of finance, Alexandru Nazare, has been on a working visit to Washington, DC, from September 11 to 13 to strengthen economic and financial dialogue with American partners and attract new investors in key sectors for Romania, such as energy, infrastructure, and technology, the Ministry of Finance announced. The agenda of the visit included […]
The minister of investments and European projects, Dragoș Pîslaru, announced on the evening of Friday, September 12, that Romania has officially submitted the renegotiated National Recovery and Resilience Plan (PNRR) to the European Commission, after which the formal approval by the Commission and then the decision of the ECOFIN Council will follow. Romania has currently […]
The main risk for Romania's macroeconomic balances rests in the budgetary area and are related to the commitment for full implementation of the first and second packages this year and in 2026 – but even under the best case scenario, the measures legislated so far would not bring the general government deficit lower than 6% […]
