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.
NOCA (New Oradea Contemporary Art), a hub for to contemporary visual art, is set to open next month in Oradea, in northwestern Romania. It is meant as a "cultural lab dedicated to meetings between modern and contemporary art, multidisciplinary practices and events, and established and emerging artists." The center was founded by Oradea City Hall […]
Representatives from across the Romanian diaspora and officials from Romania and the United States will take part in this year’s Romanian Community Summit 2025 (RoSummit 2025), set to take place in Chicago on September 20. The event is organized through a partnership of the Romanian-American community in Chicago and other diaspora organizations. It will focus […]
Via Transilvanica, the long-distance trail stretching between Putna, in northern Romania, to Drobeta Turnu Severin, in the southern part of the country, could receive funding of EUR 6 – 7 million from the European Economic Area (EEA) and Norway Grants 2021-2028, Investments and European Funds minister Dragoș Pîslaru told
Romania has chosen Teodora Ana Mihai’s Jaful Secolului/Traffic as its official entry for the Best International Feature Film category at the 2026 Academy Awards. Starring Anamaria Vartolomei, Rareș Andrici, and Ionuț Niculae, the movie will be released in Romanian cinemas on September 23. The film, written by Palme d’Or winner Cristian Mungiu and directed by Mihai, […]
President Nicușor Dan and defense minister Ionuț Moșteanu said on Wednesday, September 10, that Romania stands in full solidarity with Poland after Russian drones crossed into its airspace overnight, calling the incident an unacceptable violation of a NATO ally's sovereignty and a dangerous escalation. The Polish military shot down the drones,
Bucharest is emerging as one of Europe’s most attractive locations for Global Capability Centres (GCCs) as multinational companies seek lower costs and skilled talent amid tight labor markets in Western economies, according to a new study by Savills and CoreNet Global. The Romanian capital ranked 14th among 27 global GCC destinations for office costs, averaging […]
