The energy ministries of Bulgaria and Romania are working on a general framework for joint energy projects, Bulgarian Deputy Energy Minister Nikolai Nikolov said in Bucharest on Tuesda, https://www.bta.bg/ reports. He was speaking at Energy Week Black Sea, an international conference on investing in renewable energy sources, which is underway on February 6 and 7. Nikolov said: "We are cooperating very well with Romania. We have been working hard with our Romanian colleagues over the last six months to create a framework for projects." He noted that he believes in the potential of offshore wind power projects combined with the potential of the Black Sea. "We can make the region even more appealing to investors," the deputy energy minister argued. He said the job of national governments is to create a favourable environment for investments. He went on to say: "Two weeks ago we moved a bill in Bulgaria on the development of wind energy. It is in Parliament now, and we believe it will pass. But we need to work with the public, because we hear voices say that this will be damaging to Bulgarian tourism. People worry that this will harm the potential for tourism. Fishermen say this will reduce their catch. NGOs are anxious that this will harm biodiversity in the Black Sea. This is a new matter for our region, for Bulgaria and Romania. We have to do our homework." At the end of his address, Nikolov expressed hope that the Black Sea can become a regional energy hub. In an interview for BTA later on Tuesday, Nikolov said that on February 6 Bulgaria, Romania, and Greece will apply together for a cross-border project within the EU. If the project is recognized as such by the Union, the three countries can rely on funding.
A truck belonging to a Moldovan transport company loaded with weapons was detected at the Albita Customs, at the entrance to Romania, on November 20, Europa Libera Romania reported. According to the documents, it was intended for an Israeli beneficiary, but this has not been...
The Constitutional Court of Romania (CCR) will rule on December 10 on the objections expressed by the opposition party AUR against the revised law that includes higher taxes and better tax collection procedures, passed by the Parliament on November 18 in an amended form, such as to incorporate the issues already spotted by the CCR […]
The Social Democrat (PSD) candidate for the Bucharest mayor seat, Daniel Baluta, mayor of District 4 and president of PSD Bucharest organisation, leads with 26.6% of the general voting intentions expressed in the latest poll conducted by Inscop for Informat.ro. He is closely followed by the Liberal (PNL) candidate Ciprian Ciucu, currently mayor of District […]
Cris-Tim Family Holding (BVB: CFH) shares will start trading on the Bucharest Stock Exchange on November 26, following one of the most heavily oversubscribed initial public offerings ever conducted on the local market for retail investors, Ziarul Financiar reported. The listing follows a RON...
Banca Transilvania (BVB: TLV) is preparing to launch a new Additional Tier 1 (AT1) bond issue, denominated in euros, with an indicative coupon of 7.625% (semiannual payment), according to Bloomberg information consulted by Economedia.ro. The instrument is a EUR Benchmark Perpetual...
Banca Comercială Română (BCR, part of Erste Bank Group) raised EUR 500 million through its second Eurobond issue, strengthening its access to international capital markets. The issuance follows a local bond sale earlier this month and forms part of the bank’s broader funding strategy. BCR stated that the transaction secured “one of the most competitive […]
