Electricity distribution fees will go down 8-10 pct beginning with January 1, 2016 and household electricity prices will also reduce by 5 - 6 pct, president of the National Energy Regulatory Agency (ANRE) Niculae Havrilet said on Thursday. "Beginning January 1, energy fees will decrease proportionally to the decrease in the distribution fees included in the end price. The distribution fee will go down by 8 to 10 percent and the cogeneration bonus will also reduce by 4 percent. These elements will result in a 5 - 6 percent decrease in the end price beginning January 1," Havrilet told the 25th edition of the Energy Focus Conferences. For natural gas, the production price will reduce 10 percent beginning July 1, 2016, but for industrial consumers the decrease will be 5 - 6 percent, and for household consumers the price liberalization calendar will bring another rise of 6 lei per MWh. ANRE vice-president Emil Calota said that he expects individual prices for the 38 heat utility companies to go down by 4 percent on average, to which the transport and distribution fees will apply, plus the subsidy elements decided by each municipal council, with the end billing price being established accordingly. Calota also said that Bucharest will see a 3.5 percent reduction in heat energy prices, while for Craiova the decrease will be 3.12 percent.
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 […]
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 […]
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 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 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 […]
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 […]
