Romania’s cap on energy prices will remain unchanged until March 2025, announced Romanian Energy Minister Sebastian Burduja on Thursday, meaning Romanian consumers will continue enjoying the EU’s fourth cheapest gas prices. After that date, adjustments to the pricing scheme may occur depending on market dynamics, he added, noting that the aim is to better target support towards vulnerable Romanians. The transition will be “gradual, transparent and predictable” because it is important to ensure “the stability” of the energy market, Burduja said, according to Agerpres quoted by euravtiv.com. Burduja highlighted that the price caps have enabled Romanian consumers to access gas at the fourth cheapest rates in the European Union. Regarding electricity, over five million households benefit from a monthly bill of 35 lei (€7), “an absolutely reasonable bill”, the minister said. He also noted that many energy suppliers currently offer prices below the government-set ceiling, allowing consumers to easily switch contracts if dissatisfied. Russia’s full-scale invasion of Ukraine in February 2022 saw a sharp rise in energy bills, with many national governments, including Romania, introducing state aid measures to shield citizens from excessive energy prices. Almost two years on, and with wholesale electricity prices returning to pre-war levels, things are returning to normality – and energy subsidy measures are being wrapped up in many EU member states.
The European Commission (EC) announced on Monday, December 23, that it disbursed payments under the Recovery and Resilience Facility (RRF) to Czechia, Germany, Italy, Portugal, and Romania, totaling EUR 26.8 billion in loans and grants. Under this latest disbursement, Romania received EUR 37.05 million as part of its second payment request. By comparison, according to the...
Romanian film trilogy Moromeții, directed by Stere Gulea, will be presented at the 54th edition of the Rotterdam International Film Festival, taking place from January 30 to February 9, 2025. This renowned European event, which annually presents hundreds of films across more than 20 sections, will feature the three films - Moromeții (1987), Moromeții 2 […]
Romania issued state aid worth EUR 1.3 billion during 2019-2023, with 62% of the projects being granted to foreign companies, according to an analysis conducted by EY Romania. The sectors that benefited the most from aid were the automotive industry, technology, manufacturing (light industry), medical industry, and the food and beverage industry. According to the […]
The Abracadabra – Secrets of Magic interactive exhibition will transform Arcub – Hanul Gabroveni in Bucharest into a magical universe starting December 27, 2024. Running until May 4, 2025, the event offers visitors the opportunity to explore a labyrinth of magic, featuring over 20 interactive attractions and more than 500 live performances by MAGITOT and […]
Romanian president Klaus Iohannis and the head of the European Commission, Ursula von der Leyen, posted messages paying homage to the 1989 Romanian Revolution, which has its 35th anniversary these days. The Revolution put an end to the communist regime in Romania. The two leaders used the occasion to warn against the dangers of far-right, […]
Henry Páll Wulff, a German citizen living in Romania and former co-chair of Volt Romania political party, emphasizes how the disparate challenges and shifting dynamics in Romania underline the importance of understanding global trends. The year 2024 brought a wave of significant elections worldwide, from the United States to Europe and beyond. Against this backdrop, […]
