The National Energy Regulatory Authority (ANRE) is investigating 26 energy companies for market manipulation, and fines will be between 5% and 10% of their turnover, the chairman of ANRE, Dumitru Chirita, said on this Wednesday.He was audited in the parliamentary inquiry committee regarding energy prices."We have 26 economic operators being investigated for market manipulation. What we noticed: operator A sells operator B a quantity of electricity, B sells to A the same quantity at inflated prices. And, through this formula of market manipulation, the price increases," Chirita said.According to him, until now, fines have been symbolic, but from now on the law will be applied, meaning that fines will be between 5% and 10% of the company's turnover."It is quite difficult to investigate in this area, but we have equipment that allows us to clone data and information from the operator's electronic systems. It is equipment from the United States, for which every 6 months I have to sign a statement that I am not using it other than the purpose I acquired it for," the chairman of ANRE added.He highlighted that all this data is of confidential nature and he will put it at the disposal of the inquiry committee.
An exhibition dedicated to the work of William Blake will open at the “Alexandru and Aristia Aman” Dolj County Library in Craiova between November 28 and December 12. Titled William Blake’s Painting in the Light of Sahaja Yoga, the photo-documentary display is curated by Carol and Luis Garrido (UK), whose 14 years of research led […]
AROBS Transilvania Software (BVB: AROBS), a leading entrepreneurial technology company listed on the Bucharest Stock Exchange (BVB), recorded consolidated revenues of RON 328 million in the first nine months of 2025, up 7% compared to the same period last year. According to the company’s report, EBITDA also reached RON 50 million, a 15% increase, while […]
Brussels-based Aukera Energy said that it secured a EUR 60 million debt facility from Kommunalkredit Austria AG to finance the construction of its first stand-alone battery energy storage system in Romania. The 250 MW/500 MWh project in Ialomița County will be “one of the largest storage projects in Central and Eastern Europe” and will be […]
Romania’s president Nicuşor Dan has convened a meeting of the Supreme Council for National Defence for November 24, the Presidency announced on November 17. The session will examine key strategic documents and national security priorities for the period ahead. The agenda includes the National Defence Strategy for 2025–2030 and the Strategic Defence Analysis, two documents […]
Romania’s ruling coalition will make a final decision on the magistrates’ pensions law after president Nicusor Dan meets magistrates on November 18 and will most likely promote the law on public administration employment in Parliament next week, according to media reports from prime minister Ilie Bolojan and other sources familiar with the negotiations. The coalition […]
The restaurant chain with entirely Romanian capital, City Grill Group, announced that it ended the first ten months of the year with a turnover of EUR 63.5 million, up 13% compared to the same period last year. The results "confirm the group's stability in a year marked by challenges for the hospitality industry and consolidation," […]
