The coal-fired power plant CE Oltenia auctioned forward electricity contract with delivery in Q1 next year for RON 600 (EUR 120) per MWh, but the electricity subsidiaries of Enel utility group had to offer up to RON 830 (EUR 166) per MWh to make sure they win, Economica.net reported. The “band” electricity blocks, namely contracts providing for the supply of constant power during the period (Q1), were eventually sold at prices between RON 815 and RON 821 per MWh. For this price, CE Oltenia is safely on the profit side, Economica.net concludes quoting company’s officials announcing a production cost of RON 510 per MWh that includes a carbon price component calculated for CO2 certificate traded at EUR 60. CE Oltenia general manager Daniel Burlan was recently speaking of the high prices (RON 700-1,000 per MWh) on the spot market - “three times more than the company gets [at that time] under the bilateral contracts.”
The fifth edition of the Romanian Film Festival in Washington DC will take place between November 7-10 at Landmark's E Street Cinema. This year's event is dedicated to celebrating 20 years since Romania's accession to NATO and is part of an extensive public diplomacy program organized by the Romanian Embassy in the US to mark […]
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces that HIKVISION, a global leader in video surveillance products and solutions, will open its new offices in the sustainable One Cotroceni Park building....
Former Romanian health minister Nelu Tătaru has been placed under judicial supervision by anti-corruption prosecutors in a case where he is accused of taking small-value bribes. Prosecutors from the Iași Territorial Service of the National Anticorruption Directorate, or DNA, ordered the initiation of criminal proceedings and imposed a judicial supervision measure for 60 days against […]
Data Talks 2024, a forum organized recently at the Immersive Museum of New Arts (MINA), brought together over 120 data analysis specialists, representing more than 40 companies from the business intelligence sector. The primary objective of this regional forum is to facilitate best practices and organize impactful events for companies, federations, and sports clubs that […]
Romanian Social Democrat leader and prime minister, also running for the presidential seat this autumn, Marcel Ciolacu, named Liberal (PNL) regional leader Ilie Bolojan as his preferred would-be prime minister. Notably, Bolojan is also being circulated as a potential prime minister in case the Liberal leader Nicolae Ciuca wins the presidential elections. In fact, the […]
Romania’s agricultural sector faces significant setbacks this year, with the European Commission revising crop yield forecasts further downward due to severe drought and heavy rainfall in key producing regions. Grain corn yields are projected to drop to 3 tonnes per hectare - a 10% reduction from last month’s forecast and a staggering 36% decrease compared […]
