The European Bank for Reconstruction and Development (EBRD) announced on Thursday that supported Romania to deliver its second successful renewable energy auction under the Contracts for Difference (CfD) scheme, completed in August 2025, according to a ERBD release.The second auction awarded 2,751 MW of CfD-backed capacity, bringing the combined total from Romania's first and second auctions to 4.2 GW, surpassing the national target of 3.5 GW set under Romania's Recovery and Resilience Plan (PNRR).Supporting the green transition is a major focus for the EBRD in Romania. The EBRD worked closely with the Ministry of Energy in order to develop the CfD scheme and auction framework, providing technical assistance, policy design, and implementation support. With CfD now proven as a reliable framework, Romania has the potential to position itself as a regional leader in delivering affordable, secure and sustainable energy."We are proud of the strong partnership we have fostered in this sector and congratulate our Romanian colleagues on the successful second auction. This highlights the Ministry of Energy's commitment to competitive auctions and well-structured support mechanisms, and it sets the stage for further progress, including the development of storage support schemes," EBRD Director, Romania, Victoria Zinchuk stated.Since 2024, the EBRD financed nearly 2 GW of renewable capacity in Romania. These investments, amounting to over ?350 million from the Bank's own funds, have mobilised almost ?1.25 billion of external financing.Overall, the EBRD has invested almost ?12 billion in 569 projects in Romania to date.
During the Executive Committee meeting on Thursday, November 20, the Romanian Gymnastics Federation decided to dissolve the national teams after a series of public accusations of harassment. The accusations are not new. At the end of October, upon returning to the country after the World Gymnastics Championships in Jakarta, 23-year-old athlete Denisa Golgotă revealed that […]
Chinese electronic giant Xiaomi has opened its first physical store in Romania as part of a broader strategy to strengthen its presence on the local market, with additional retail expansion planned for 2026. The new Xiaomi Store, located in Bucharest’s ParkLake Shopping Center, is the company’s first directly operated retail space in the country and […]
Romania will introduce new penalties for retailers that refuse to replace defective products, under a new law recently promulgated by president Nicușor Dan. The measure requires traders to provide a replacement within 30 days when customers report that a purchased item is faulty, whether the purchase was made in-store or online. The retailers that fail […]
Romanian saber fencer Vlad Covaliu was named the best in the world in the junior category for the second consecutive year, according to a press release from Bucharest-based CS Dinamo. The winners of the 2024–2025 World Cup were awarded over the weekend at the International Fencing Federation 2025 Congress held in Manama, the capital of […]
Romanian Finqware (17th), Questo (18th), Footprints AI (21st), and Steepsoft AI (28th) are among the fastest-growing technology startups in the region, included in the main category of the Deloitte Technology Fast 50 Central Europe 2025 ranking. The ranking measures the growth rate between 2021 and 2024. This year's ranking, now in its 26th edition, is […]
Verbund Wind Power Romania, the Romanian subsidiary of Austrian energy company Verbund, has selected a consortium comprising Prime Batteries Technology and Enevo Group for the supply and integration of a new Battery Energy Storage System - BESS with a capacity of 76 MWh and an absorption/delivery capacity of 48MW. Verbund operates a 226 MW wind […]
