President Klaus Iohannis promulgated on Thursday the Law on social protection measures for vulnerable energy consumers.The law was sent to Parliament for promulgation on Thursday.The Chamber of Deputies adopted, as decision making legislative body, the vulnerable consumer bill, to be applied as of November 1, 2021. The law will establish inclusion criteria for vulnerable energy consumers, of social protection measures for them and access to energy resources to satisfy essential household needs. Social protection measures can be financial and non-financial. They are financed from the state budget, local budgets or European funds. According to the law, “a vulnerable energy consumer, called vulnerable consumer – a single person/family, which for reasons of old age, health, insufficient incomes or isolation from energy sources, needs social protection measures and additional services to ensure at least minimal energy needs.” The average net monthly income is 1,386 lei/person, in case of a family and 2,053 lei in case of a single person.The reference value, according to the heating system used, is updated by government decision and cannot be lower than: a)250 lei/month, for natural gas, b) 500 lei/month for electricity, c) 320 lei/month for solid / or petrol fuel. Families and single persons benefit monthly, including the cold period of the year, of a fixed supplement for energy, granted according to energy supply sources used, for: a) 30 lei/month for electricity, b) 10 lei/month for natural gas, c) 10 lei/month for thermal energy consumption, d) 29 lei/month for solid or petrol fuel consumption. In case the only energy source used is electricity, the supplement is 70 lei/month. The bill, initiated by the government, was adopted on May 15 by the Senate and on September 7 by the Chamber of Deputies.
Romanian author Mircea Cărtărescu is on the longlist for this year’s International Booker Prize, the influential award for translated fiction, with the novel Solenoid, translated into English by Sean Cotter and published at Pushkin Press. He is the first Romanian author to be longlisted for the prize, alongside 12 other authors nominated for the International Booker […]
Investors from Western Europe, particularly Austria, the Netherlands, Belgium, and the United Kingdom, have been the most active buyers of real estate assets in Romania over the past five years (2019–2024), making investments totaling EUR 1.75 billion, according to data from real estate consultancy Cushman & Wakefield Echinox. The Western European's market share accounted for […]
On Tuesday, February 25, the Bucharest Stock Exchange (BVB) granted 20 awards to listed companies, brokerage companies, as well as to private pension and investment funds for their achievements in 2024 as part of the 12th edition of the BVB Awards. In the opening speeches, stock exchange officials also highlighted the growth of the local […]
Romanian football club FCSB announced on Tuesday, February 25, that its website has been targeted by a Distributed Denial of Service (DDoS) attack, which has caused disruptions in the online ticketing process. The incident occurred as the Bucharest team was selling tickets for the match against Olympique Lyon in the Europa League round of 16. […]
The training program in sustainable development runs from April to July 2025, in 5 development regions of Romania. The postgraduate course targets over 1,200 future experts in sustainable development, who will become local leaders of change. The total value of the training program is RON 5.3 million, with funding entirely sourced from the National Recovery […]
A new report from Colliers highlights significant trends in Romania's housing market for 2025, revealing a continued rise in home prices, limited new supply, and increased demand for rental properties. The findings show that while housing deliveries fell by 15% nationwide and over 20% in Bucharest, demand increased by 7% in 2024. As a result, […]
