In a meeting with representatives of the main power generation companies in the country, Romanian prime minister Nicolae Ciuca and minister of energy Virgil Popescu reviewed the options for increasing the installed generation capacity in the short term, until next year. Thus, the coal and power group CE Oltenia will increase the operating capacity by 300 MW, and Romgaz will complete the gas-fired power plant at Iernut (210 MW) that was supposed to be ready years ago, Hotnews.ro reported. Separately, the investments in the hydropower generation units will result in 200 MW supplementary generation capacities, the Government’s officials estimate without explaining whether this would be achieved by upgrading the existing hydropower plants or by commissioning new ones. At the same time, the Government assures that it will speed up the investment plans financed under the Modernization Fund for the development of energy production capacities, including from renewable sources. Thus, since the beginning of this year, CE Oltenia has submitted projects worth EUR 1.4 bln, of which EUR 895 mln is to be financed under the Modernization Fund. Another EUR 400 mln will be allocated to projects submitted by power transport company Transelectrica. This month, calls for energy projects worth EUR 960 mln will be launched, which will generate an additional 260 MW of installed generation capacity. From the Modernization Fund, another EUR 2.8 bln will be made available this autumn for the development of energy production capacities. The Modernisation Fund is a dedicated funding programme to support 10 lower-income EU Member States in their transition to climate neutrality by helping to modernise their energy systems and improve energy efficiency. The beneficiary Member States are Bulgaria, Croatia, Czechia, Estonia, Hungary, Latvia, Lithuania, Poland, Romania and Slovakia.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
