According to the data provided by the National Energy Dispatch, the demand for electricity storage is 4,000 MW until 2030, half of which will come from batteries and half from pumped storage hydropower plants, the minister of Energy, Sebastian Burduja declared on Friday.According to the minister, Romania must do what it should have done for decades, namely pumped storage hydropower plants, because "we are the only country in the EU with the geography that allows such investments and that was not able to carry after all, such a hydroelectric plant. It is much more useful than a field of batteries. Much more useful because it stores energy for a much longer period and is much friendlier to the environment. (...) That is why I and the Council of ministers in Brussels always say: give us a favorable framework for pumped storage hydropower plants through which we can speed up, on the one hand, the environmental approval procedures, and on the other hand, we can access more financing because they are expensive projects and there are projects that cannot be done overnight."As to the pumped-storage hydropower plant project from Tarnita-Lapustesti, he mentioned that the feasibility study procedure is underway and if this fails, a public-private partnership option will be used."In the public-private partnership, there are big partners, with some of them I have met, they could enter from this moment. We do not have a feasibility study, they assume part of the costs and then when you have the study, the shares in the shareholding structure are renegotiated. But we have no way to give up this investment," said Sebastian Burduja.
Two new investment funds active in Romania, Sparking Capital II and PCP SEE II, will receive allocations worth EUR 30 million under the National Recovery and Resilience Plan, or PNRR, after an approval from the Romanian executive and the European Investment Bank. The allocations are mediated by the European Investment Fund, a European financial institution, […]
The net revenues collected by Romania’s tax agency ANAF for the state budget increased by 12.2% in the first six months of 2025 compared to the same period last year, reaching RON 245.2 billion (EUR 49 billion), said outgoing ANAF president Nicoleta-Mioara Cîrciumaru. Nevertheless, the net revenues collected by ANAF are RON 3.8 billion (EUR […]
Romanians continue to place the most trust in the Army and the Church, while Parliament remains the least trusted institution, according to the second edition of the Informat.ro – INSCOP Research Barometer conducted between June 20–26. The monthly survey was commissioned by the news platform Informat.ro in partnership with the Strategic Thinking Group think tank. […]
Romania’s National Meteorological Administration, or ANM, issued on Thursday, July 3, an Orange Code warning for heatwave and heightened thermal discomfort, valid Friday and Saturday, July 4-5, in more than half the country, including Bucharest. The parts of Romania not covered by the Orange Code warning are under a Yellow Code for extremely hot weather. […]
Best Credit IFN announces the strategic partnership with the European crowdfunding platform Bondster, becoming the first Romanian non-banking financial institution (NBFI) to attract international capital through this platform. This initial round of financing marks a milestone in the company’s strategy to diversify its capital sources and rapidly scale its lending capacity in a dynamic market […]
Another 93 searches were carried out at public institutions and private residences on Thursday, July 3, in the case of illegally-obtained Romanian identity documents for citizens of former USSR countries. Earlier this week, Romanian police completed 206 searches in the same case. Prosecutors claim that between 2023–2024, over 1,700 individuals born in the Russian Federation, […]
