The government will be allowed to postpone the closure of some coal-fired energy facilities and related mining and quarrying operations or restart closed energy facilities and related mining and quarrying operations in the event of an energy crisis, according to an emergency ordinance passed on ;ast Thursday."In an energy crisis, the Romanian government, at the proposal of the Ministry of Energy, may take a decision to postpone the closure of coal-fired energy facilities and related mining and quarrying operations or to restart closed energy facilities and related mining and quarrying operations in compliance with the environmental legislation and the deadline for completing the decarbonisation of the energy sector and in correlation with the measures included in the emergency plans related to the energy sector," the Ministry of Energy reported on Thursday.In order to bridge the capacity deficit created by the elimination of coal from the energy mix, investments are made for the commissioning by 2030 of new hydroelectric production facilities and nuclear energy facilities.On Thursday, at the proposal of the Ministry of Energy, the government passed an emergency ordinance on decarbonisation of Romania's energy sector, a milestone in the National Recovery and Resilience Plan (PNRR), given that the phased elimination of lignite and coal-fired power plants is part of Component C6. Energy, Pillar I. The green transition under the National Recovery and Resilience Plan.The bill establishes the general legal framework for the phased elimination from the energy mix of electricity production based on lignite and coal, deadlines for closing and conserving energy facilities operating on lignite and coal and measures including securing the reserves for a safe and stable operation of the National Electric Power Grid.The mines and quarries will be withdrawn from operation and preserved in conjunction with the commissioning of investments in natural gas and renewable energy.At the quarries where the mining activity of lignite mining ceases, permanent closure and greening works will be carried out, considering the fact that the lignite mining activity had an impact on the environmental components, with the soil being the most affected. Also, closed coal mines can be included in the tourist circuit, in compliance with the legal provisions in force regarding the safety and security of visitors.The ordinance also establishes a series of social protection measures, as well as measures for professional retraining.
NATO Secretary General Mark Rutte tried to calm security worries during his visit to Bucharest, saying the Alliance’s commitment to Romania remains strong, even after recent changes to the US troop presence. Standing next to president Nicuşor Dan on Wednesday, November 5, Rutte stressed that NATO fully understands Romania’s strategic importance on the eastern...
During the General Meetings of Shareholders of EVERGENT Investments held on October 29, 2025, all proposals submitted by the Board of Directors and included on the agenda were approved by a large majority. The main resolutions adopted were: the implementation of a share buyback program for up to 43,300,000 own shares, to be carried out […]
Vaunt, a Romanian real estate technology platform, is expanding into the United States after surpassing 80 clients and a transaction portfolio of nearly EUR 860 million. The expansion targets New York and Miami specifically. “Vaunt is a platform that helps real estate developers manage the sales process from the moment they receive the building permit until […]
IVF clinic Embryos, majority-owned by investment firm Integral Capital Group, has acquired the Oradea-based Calla Infertility Diagnostic and Treatment Center. The move is part of the development strategy of the network Embryos, which started in 2025 with the opening of a clinic in Buzău and the acquisition of Adella Clinic in Sofia, Bulgaria. The turnover […]
Romania has 56 companies included in the 17th edition of the Coface CEE Top 500 ranking, which shows how the largest companies in the region are navigating the current business landscape. The country climbed two positions from last year but remains underrepresented. The companies are ranked by turnover, analyzing additional indicators such as workforce size, business […]
Romania's Instant Factoring announced its participation in a cross-border securitization transaction valued at up to EUR 30 million. The move, the company said, "opens a new stage of growth for both Romanian fintech and the alternative financing market in Romania and Spain." The transaction involved the establishment of a securitization fund - Instant Factoring 2025-I, […]
