The Government approved on Wednesday, by decision, the granting of state aid to the Oltenia Energy Complex (CEO) worth over 279 million lei to finance the expenses with greenhouse gas emission certificates for this year.According to a Government's press release, the granting of this state aid for restructuring was approved, in the form of a grant, intended to finance the expenses with greenhouse gas emission certificates for 2025 and compliance with legal environmental obligations by the company."This measure is part of a larger plan, approved and monitored at European level, for the restructuring of the company, which provides for a total allocation of grants worth 1.090 billion euros for the period 2021 - 2025. This CEO restructuring plan was authorized by the European Commission in January 2022," the press release informs.To date, the Oltenia Energy Complex has received grants totaling 946.4 million euros for the acquisition of greenhouse gas emission certificates in 2021, 2022, 2023 and 2024. The total authorized state aid, in the form of a grant, for 2025, is worth approximately 705 million lei, the Government informs.According to the press release, the state aid granted to CEO is essential for maintaining the company's viability and complying with the commitments assumed in the Restructuring Plan authorized by the European Commission. (Photo:https://www.facebook.com/)
The third edition of Taifas Balkan Film and Culture Festival, set to take place in Timișoara between October 13 and October 19, will include a retrospective dedicated to Romanian director Radu Jude. The public will be able to see the director's short films, in addition to a preview of his latest production, Dracula, presented at […]
Sursa International Light Art Festival, an event featuring immersive installations, projections, and light structures, will take place at the National Library of Romania from October 13 to October 19. The event brings together international and Romanian artists “in a visual dialogue about technology, architecture and sensitivity,” the organizers announced. “We wanted to build the opportunity […]
Romania’s Defense Ministry has signed a contract worth RON 50.4 million with Rheinnmetall Automecanica, a subsidiary of the German defense industry giant Rheinmetall, for the delivery of drone detection systems, Economedia.ro reported. The radar system will be delivered within 18 months at most and will reportedly be...
The former Steaua Roșie cinema in Cluj-Napoca will reopen as Edison-House of Music, a cultural hub dedicated to music and community, the organizers of the Jazz in the Park festival announced. Built in the early 1900s, the Edison building became, after World War II, the Steaua Roșie cinema. After 1989, the venue underwent several changes […]
Unprecedented amounts of precipitation have been recorded in Romania as cyclone Barbara hit the country on October 5-8, according to the authorities. At the same time, Bucharest exceeded the absolute maximum levels of rain for October. “Between October 5–8, 2025, Romania was affected by the Mediterranean cyclone Barbara, which formed over the Ionian Sea and […]
Romania is one of six European countries recently selected to develop a new artificial intelligence and supercomputing center under the EuroHPC – AI Factories program. The project, known as the AI Factory, will be Romania’s first national AI infrastructure, marking a major step toward strengthening its digital and research capabilities. The initiative will be led […]
