The National Energy Regulatory Authority (ANRE) issued, on Thursday, the establishment authorization for one of the largest wind farms in Romania, Ialomita Nord, with a total capacity of over 246 MW, announced the Minister of Energy, Sebastian Burduja.It is a project owned by the Portuguese company Greenvolt, through Tandarei Solar, and will benefit from the Contracts for Difference (CfD) scheme, which the Ministry of Energy launched last year."The project is among the first to qualify for the CfD scheme, which means that it has secured financing and will be carried out, with a 15-year guarantee of the selling price of the electricity produced. This means jobs in construction and operation, local taxes, income in the economy and, last but not least, clean and cheap energy produced here, in Romania," the minister of Energy wrote on Facebook.He believes that the project can be a magnet for economic development, in a county where there is a great need.Sebastian Burduja recalled that Romania currently has about 3,100 MW installed in wind power."The CfD scheme is, without exaggeration, one of the most important public energy policies of the last 30 years and it will continue in the coming years. And, despite the 'choir of lamenters', who harshly criticized us for this initiative, we have demonstrated that we can have competitive tenders. And we have also fulfilled an essential milestone in the PNRR. This should be the real meaning of the energy transition: to produce more clean energy here, to produce it cheaply, to be sold at affordable prices for Romanians and companies and to transform it into a source of economic development for Romania", the minister of Energy said.
Wizz Air will add a route connecting Brașov, in central Romania, to Katowice, in Poland, beginning next year, the Brașov International Airport announced. The route will become operational on March 31, 2026, with flights operating every Tuesday, Thursday, and Saturday. In the upcoming winter season, the airline will operate seven routes to five countries from […]
IT Genetics, a company specializing in digitalizing services, aims to have its shares tradable at the Bucharest Stock Exchange by the end of this year, with the amount to be raised estimated at approximately EUR 2 million. The ITG group will be listed, not just IT Genetics, which is nevertheless the main pillar of the […]
Romania’s current transport minister, the Social Democrat Ciprian Șerban, offered bribes to representatives of a forest district in Iași County as a young businessman in 2012, according to recently surfaced documents and recordings. Șerban gave bribes at least six times before reporting the offense to the National Anticorruption Directorate. He did so only after being […]
David Popovici has won the gold medal in the 100-meter freestyle final at the World Championships in Singapore. It is his second win at the event, after the gold medal in the 200-meter freestyle race two days ago. The Romanian swimmer finished the race with a time of 46.51 seconds, ahead of Jack Alexy, who […]
PPF Real Estate, a global developer and investor with a real estate portfolio exceeding EUR 2 billion, announces the completion of infrastructure works for ARC, its new state-of-the-art office project in the Basarab area. The construction progresses on schedule. Reaching ground level marks, a key milestone in the development timeline. The project is moving forward […]
BRD Groupe Societe Generale, the fifth largest bank in Romania by assets, registered a net profit of RON 764 million (EUR 150 million), up 10% compared to the same period in 2024. The net loan portfolio, including leasing financing, increased by 17.4% during the mentioned period, marking a significant growth in corporate lending by 23.8% […]
