The Ministry of Energy published, on Friday evening, the draft Emergency Ordinance on the extension of the price cap for electricity until June 30, 2025 and for natural gas until March 31, 2026. "This normative act aims to establish the following temporary measures: granting support measures similar to those included in Emergency Ordinance no. 27/2022 on the measures applicable to final customers in the electricity and natural gas market during the period April 1, 2022 - March 31, 2023, with subsequent amendments and completions, respectively capping the final invoiced prices and compensating the difference from the budget, for electricity consumers, during the period April 1, 2025 - June 30, 2025; granting support measures similar to those included in Emergency Ordinance no. 27/2022 on the measures applicable to final customers in the electricity and natural gas market during the period April 1, 2022 -March 31, 2023, with subsequent amendments and completions, respectively the capping of final invoiced prices and the compensation of the difference from the budget, for natural gas consumers, during the period April 1, 2025 - March 31, 2026", the draft's substantiation note reads.Thus, the three maximum price caps for electricity will be maintained until the end of June 2025, of 0.68 RON/kWh, 0.80 RON/kWh and 1.3 RON/kWh, VAT included, depending on consumption, and of 0.31 and 0.37 RON/kWh, VAT included, for natural gas.At the same time, the document stipulates that the Ministry of Labor, Family, Youth and Social Solidarity will be obliged to develop, together with other relevant institutions, a methodology for establishing the criteria for identifying and qualifying energy consumers for the application of appropriate social measures and/or financial support and to issue, by June 15, 2025, a Government Decision on the implementation of that methodology and on the amount of support granted.The draft emergency ordinance mentions that the extension of the application of some of the protection measures included in Emergency Ordinance no. 27/2022 on the measures applicable to final customers in the electricity and natural gas market during the period April 1, 2022-March 31, 2023, with subsequent amendments and completions, was necessary given the existing situation at national and international level, determined by the still high level of electricity and natural gas prices, mainly due to the current geopolitical context, so that the prices for electricity and natural gas paid by final customers do not affect economic competitiveness and do not aggravate the level of energy poverty.
Romania has signed a major contract with France for the acquisition of Mistral portable short-range air defense missile systems. The agreement was concluded on Tuesday, November 25, between Romania’s Ministry of National Defense and France’s Ministry of the Armed Forces and Veterans, through their respective General Directorates for Armaments. The acquisition is valued at EUR […]
The European Parliament called on November 26 for EU-wide rules to strengthen the protection of minors online, recommending a minimum age of sixteen for accessing social networks, video-sharing platforms, and AI chatbots, according to a statement from the institution,
The government of Romania will be empowered to establish, ex officio or upon request, by Government Decision, an extended surveillance regime over local companies strongly affected by economic sanctions imposed by other states, according to the legislative project prepared by the government, given that the situation of the assets held by the Russian giant Lukoil […]
The European Commission (EC) will reportedly give Romania four more months to appoint permanent management under competitive procedures at 48 state-owned enterprises (SOEs) in the energy sector, after the Romanian government agreed to double the fine paid by the country and the penalties charged to those responsible (ministers) if the milestone set under the Resilience […]
The Romanian banks boasted in 2025 virtually the same record aggregated net profit as in 2024, namely RON 11.6 billion (EUR 2.3 billion, -0.6% y/y) in January-September and RON 6.2 billion (EUR 828 million, -0.3% y/y) in Q3 alone, according to data published by the National Bank of Romania. The non-performing loan (NPL) ratio has […]
The Romanian Parliament approved the National Defense Strategy on Wednesday, November 26, with 314 votes in favor, 43 against, and three abstentions, following a joint session attended by president Nicușor Dan. The document will guide national security policy for the 2025-2030 period. During the parliamentary debate, Ana Maria Gavrilă, leader of the opposition party POT, […]
