European Commission has proposed several amendments to the energy efficiency directive for buildings, which will be discussed on December 14, Gaspard Demur, team leader at DG Energy, the European Commission, told a conference. “In the context of the Fit for 55 proposals, the European Commission has proposed revising the directive on the energy efficiency of buildings, as buildings account for 40% of energy consumption and 35% of gas emissions, and rehabilitation is very slow in Europe,” he said, within the Forum Efficient Romania – Buildings in the context of Fit for 55. Thus, the European Commission proposes a new target to increase energy efficiency by 9% by 2030. “This target is mandatory for each state and will be funded by a national contribution. We also propose to increase energy savings by 0.5% and each Member State must focus on the sectors with the greatest potential for savings,” Demur said. He added that the energy efficiency directive is aimed at the public sector. “It also proposes an annual renovation obligation of 3% for all public buildings. At the same time, we propose to double the energy sources used in buildings, to reach a 49% share of renewable energy in buildings by 2030,” the European official said. “We have set up a working group on vulnerable consumers to clearly understand what energy poverty means. To have a common understanding at national level of what this definition of energy poverty means. A first meeting took place on 16 November and we will continue to monitor energy poverty, as it is a key topic at the committee level,” Demur told a conference organized by the Energy Policy Group (EPG). The new directive will be discussed on December 14.
The fifth edition of The Economist Romanian Business & Investment Roundtable bought a dynamic discussions on Romania’s evolving economic landscape. Amid intensifying global competition and emerging protectionist trends, speakers highlighted that globalization is not in decline but undergoing transformation. While great power rivalries reshape market conditions, Romania remains well-positioned to adapt and thrive by strengthening […]
Bela Fleck, Meshell Ndegeocello, and Adi Oasis are among the artists set to perform at this year's edition of JAZZx, the jazz festival held in Timișoara, in western Romania. They add to the first announced names, namely Jacob Banks, The Philharmonik, New Fossils, and Zaharenco. The event, at its 13th edition this year, will take […]
The number of investors in mutual funds is approaching one million, and that the value of the mutual funds' net assets increased by 30% y/y to RON 24.44 billion at the end of last year, speakers attending a Bucharest debate on the topic explained. The net inflows maintained their upward path in the fourth quarter […]
Romanian member of the European Parliament Victor Negrescu, S&D, said that Romania benefits from a strong IT sector, making it the “digital tiger of Europe.” The statement was made at the Romanian Digital Day event, which Negrescu organized within the European Parliament. The event aimed at promoting the potential of Romania’s digital sector at the […]
Lender Banca Comercială Română (BCR), part of the Austrian Erste Bank Group, will use an EV modular truck to offer banking services in Romania's rural and small urban communities. The initiative, dubbed a "100% electric mobile bank," adds to the bank's first mobile unit, which went into use in October 2022. It is part of […]
Marius Costin took over as CEO of payment services provider Netopia Group starting March 14, while Niculae Vasile has been appointed the group's CTO, the company announced. Co-founder Felix Crisan had previously held both roles. Marius Costin, who was previously the CEO of PayU Romania and the CEE CEO of Mokka, will work "to strengthen […]
