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/)
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 […]
