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.
CTP, Europe’s largest listed developer, owner and operator of logistics and industrial real estate by gross leasable area, has signed an agreement with LEROY MERLIN Romania, retailer specializing in construction, home improvement, decoration, and gardening, to expand its regional distribution centre at CTPark Bucharest West to 48,500 sqm. The announcement was made during the groundbreaking […]
Fondul Proprietatea (BVB: FP) on May 15 exercised its preemptive right and subscribed 5,632,510 new shares in the National Company Administration of Maritime Ports (CNAPM), with a nominal value of RON 10 per share and a total value of RON 56.3 million (EUR 11 million), according to a report published on the Bucharest Stock Exchange […]
The Galati Court approved the amended plan to sell the assets of Romanian steel group Liberty Galati (under pre-insolvency procedures), thus paving the way for the resumption of the auction for one of the most important industrial assets in Romania, the consortium of practitioners Euro Insol – CITR announced on Monday, May 18. The auction […]
The creditors of the Romanian bankrupt shipyard Mangalia will meet on Friday, May 22, to vote on a new sale strategy consisting of at least 6 monthly auctions for the sale of the shipyard, starting from the going concern valuation of EUR 168 million, according to Economica.net. ...
Fitch Ratings upgraded the long-term issuer default rating (IDR) of Banca Transilvania (BVB: TLV) from BBB- to BBB, placing the lender one notch above Romania’s sovereign rating. Banca Transilvania, listed on the Bucharest Stock Exchange, is the largest bank in Romania by assets. “Fitch Ratings considers Banca Transilvania to be more resilient than the environment […]
Romania’s National Road Infrastructure Administration Company (CNAIR) has lost an arbitration dispute against Italian construction group Impresa Pizzarotti over delays affecting Lot 1 of the Sebeș–Turda motorway project, according to information published by
