The European Commission has approved, under EU State aid rules, the prolongation and amendment of a Romanian scheme to support the production of electricity and heat from high-efficiency cogeneration installations connected to district heating networks in Romania. The scheme was originally approved in September 2022 and is due to expire on 30 June 2024. It aims at promoting the construction of new high-efficiency cogeneration plants. Romania notified the Commission of its intention to: (i) prolong the measure until 31 July 2028; (ii) increase the budget by €362 million, bringing the total budget to €752 million; and (iii) support the installation of at least 200 MW of additional cogeneration power capacity. The Commission assessed the amended scheme under EU State aid rules, in particular under Article 107(3)(c) of the Treaty on the Functioning of the European Union and the 2022 Guidelines on State aid for climate, environmental protection and energy. The Commission found that the amended scheme remains necessary and appropriate to promote energy-efficiency cogeneration installations in Romania and to reduce greenhouse gas emissions. Furthermore, the Commission found that the aid is proportionate and any negative effect on competition and trade in the EU will be limited. On this basis, the Commission approved the amendment under EU State aid rules.
Marriott International announced plans to expand its presence in Romania with five new hotels and more than 550 additional rooms expected by the end of 2028. The expansion will also mark the debut of two Marriott brands in the country, Residence Inn by Marriott and Four Points by Sheraton, as the company strengthens its portfolio […]
Romania's state-controlled hydropower group Hidroelectrica (BVB: H2O), the largest energy producer in the country, registered a net profit decrease of 56% in the first quarter, dropping from RON 1.32 billion (EUR 258.5 million) to RON 589 million (EUR 115.3 million). Net electricity production was 2,654 GWh, down 38% compared to the same period last year, […]
Timișoara will host the first football-themed film festival in Romania and Eastern Europe this November, marking a unique cultural initiative at the intersection of sport, cinema, and community identity, Agerpres reported. Organized by the Druckeria Supporters’ Association, the inaugural edition of the Timișoara...
The well-being of children in many of the world’s richest countries, including Romania, has deteriorated significantly since the COVID-19 pandemic, according to a new analysis released by UNICEF Innocenti – Global Office of Research and Foresight. The top three countries are the Netherlands, Denmark, and France, while Romania is at number 16 in the report, […]
Marius Lulea, vice president of the far-right Alliance for the Union of Romanians (AUR), publicly praised former Communist dictator Nicolae Ceaușescu, drawing condemnation from historians and legal experts for promoting a convicted criminal against humanity,
The Party of European Socialists (PES) and the Socialists and Democrats group in the European Parliament (S&D) stated on May 12 their firm position...
