The investments made by the distribution operators in the development of the network amounted to 13.5 billion RON in the last 6 years, but in order to reach the targets that Romania has for 2030, a tripling of them is needed in a minimum mandatory scenario, the executive director of the Federation of Associations of Energy Utility Companies (ACUE), Daniela Daraban, said during The Sustainability Challenge 2023 conference, on Thursday.In her opinion, for this transition to be sustainable, a larger part should come from grants, because otherwise "everything goes into the distribution tariffs".Regarding energy, she specified that the coming generations want "a different way of setting up society, a different type of production, a different type of consumption"."I think we have to be seriously concerned with what those for whom we decide today want. So, I accept the energy transition without so much discussion and waste of time if it is good or not. I think it is good, it is progress, it is an evolution. Now, of course, we have to see how we can do it better. (...) I would like to see a much better alignment between what is envisaged by the regulations made available by ANRE (Authority National Regulation in Energy - ed.n), with what is legislated in the Parliament and what we have at the European level and transposed by the Government. This will be critical for the development of the networks. Time is very, very short, at least in the basic 2030 scenario," said the head of ACUE.
Romanian Finqware (17th), Questo (18th), Footprints AI (21st), and Steepsoft AI (28th) are among the fastest-growing technology startups in the region, included in the main category of the Deloitte Technology Fast 50 Central Europe 2025 ranking. The ranking measures the growth rate between 2021 and 2024. This year's ranking, now in its 26th edition, is […]
Verbund Wind Power Romania, the Romanian subsidiary of Austrian energy company Verbund, has selected a consortium comprising Prime Batteries Technology and Enevo Group for the supply and integration of a new Battery Energy Storage System - BESS with a capacity of 76 MWh and an absorption/delivery capacity of 48MW. Verbund operates a 226 MW wind […]
The union at the Automobile Dacia automobile factory in Mioveni expressed concern about the administration's proposal to reduce production, starting in January 2026. The production is reportedly planned to be reduced to 55 units per hour, from 65 units currently, according to the company's employees speaking for Europa FM, as reported by
Romanian prime minister Ilie Bolojan announced on November 21 that a decision will be taken in December regarding the minimum turnover tax (IMCA) applied to companies with a turnover of EUR 50 million or more, whose 16% profit tax falls below 1% of turnover, Economica.net...
Prime minister Ilie Bolojan, in a press conference on November 21, said that Romania took steps to protect the interests of state company Romgaz, which holds 12.2% in the Trident Black Sea offshore perimeter operated by Russia's Lukoil. He said that the authorities in Bucharest "collaborated" with the Office of Foreign Assets Control (OFAC) within […]
Kazakhstan's national oil and gas company, KazMunayGas, is set to partially divest its European assets, which include KMG International (KMGI, formerly Rompetrol Group) with Romania's largest refinery, Petromidia (4.8 million tonnes refining capacity), in its portfolio. KazMunayGas plans to sell up to 50% of its European holdings, according to
