During 2022-2030, the European Union will allocate significant sums for investments in renewable energy production and storage capacities, energy efficiency, modernization and expansion of electricity networks and other energy fields. The implementation of these projects was envisaged in the context of the European Union’s energy efficiency and decarbonisation policies and objectives. The need for these investments is amplified by the new political discourse on increasing the European Union’s energy independence, generated in the context of the conflict in Ukraine. National Recovery and Resilience Program – the first calls scheduled for 2022 through the the National Plan for Recovery and Resilience, in the period 2022-2026, 1.62 billion euros will be allocated under the Energy component, money allocated for investments in wind and solar energy production and storage capacities, green hydrogen production capacities, cogeneration, investments in the entire value chain of photovoltaic batteries, cells and panels, but also to ensure energy efficiency in the industrial sector. For Measure I1, intended for investments in new renewable energy production and storage capacities, the Ministry of Energy published, in February 2022, State Aid Schemes and Specific Guidelines for Financing, and the call for projects is to be opened on March 31, 2022 . Also within the PNRR, Component 5 (Renewal Wave) provides subsidies of 2.2 billion euros for investments in increasing the energy efficiency of residential and public buildings. According to the PNRR schedule, the first calls for these investments would be launched by June 30, 2022.
Romania’s green startup ecosystem is gaining more and more momentum, driven by a skilled workforce, reforms aligned with EU policies, and the climate emergency, according to a report prepared by Startarium and Impact Hub Bucharest. In 2024, there were over 2,300 startups in Romania, with a total estimated value of approximately EUR 19 billion. Romania […]
The global IT hub established by JTI in Romania has expanded from 140 employees at the beginning of the year to 170 currently, and is set to exceed 200 by the end of 2025. Located in Bucharest, the hub is one of JTI's six technology centers worldwide. The experts in Bucharest provide Digital and IT […]
French-born virtual reality esports center EVA VR has recently opened its Bucharest location, promising a realistic and immersive combat esports experience suitable for corporate team-building events, birthday parties, and various other events. Inaugurated on June 7, the new location is part of an international network, Esports Virtual Arenas, which was established roughly 5 years ago. […]
Investment group ROCA acquired a 20% minority stake in the Adrem energy group, following approval from the Romanian Competition Council. Announced on Tuesday, August 12, the transaction will support Adrem’s strategic development and scaling plans. The investments will be primarily directed towards the expansion and diversification of EPC (Engineering, Procurement, and Construction) projects, the development […]
Romanian students spend an average of 13 hours a week on homework, almost twice as much as their peers in Nordic countries, according to data from the OECD’s PISA 2022 study, quoted by ParentED. Finland ranks at the bottom in Europe with just six hours per week, while countries such as Switzerland, Denmark, and the […]
Three foreign citizens suspected of stealing jewelry and other goods during the Untold Festival in Cluj-Napoca were caught by Romanian police officers at the airport. The three, two men and one woman, all between the ages of 30 and 46, were detained while attempting to fly to Barcelona. Police from the Cluj-Napoca Criminal Investigations Bureau […]
