Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. New support measures on electricity and gas to...

New support measures on electricity and gas to be applied for one year after April 1

March 23, 2022

The interministerial committee for energy has decided the new support measures to protect the population and the economy from the effects of the increase in energy and natural gas prices that will apply for a one-year period, Prime Minister Nicolae Ciuca said on Thursday."We have decided on new measures to protect the population and the economy from the effects of rising energy and gas prices. These measures will be implemented for a year, guaranteeing the predictability and stability that citizens and the business need. Thus, in respect to electricity for household customers, we have established the following: the introduction of a social tariff of 0.68 lei / kw with VAT included for households with a monthly consumption of up to 100 kw. There are over 4 million households that fall into this type of consumption," said Ciuca at the Victoria Governmental Palace.He added that another 4 million households that have a monthly consumption of electricity between 100 and 300 kwh will benefit from a tariff of 0.80 lei / kwh including VAT."The impact of this support package is estimated at 3.62 billion lei," the prime minister explained.According to him, for non-household clients - SMEs, public institutions, hospitals, schools, kindergartens, places of worship, town halls, universities, NGOs, as well as other such institutions - there will be a single fee of one leu / kwh, with VAT included."The estimated impact for the support measures of these categories of beneficiaries is 5.54 billion lei," Ciuca said.The prime minister explained that state aid schemes will be applied to large energy consumers, which will reduce costs by up to 20%.In total, the estimated impact of the support measures for household and non-household consumers for electricity amounts to 9.16 billion lei by the end of this year, Nicolae Ciuca added."For natural gas, household customers who will have an annual consumption of up to 1,200 cubic meters will benefit from a tariff of 0.31 lei / kw. The estimated impact, 2.8 billion lei by the end of the year. For non-household consumers the cost of natural gas will be 0.37 lei / kw and here we refer to SMEs, (...) public institutions, hospitals, schools, kindergartens, places of worship, town halls, universities, NGOs and also similar institution, excluding the large consumers who will benefit from separate schemes. The estimated impact - 2.5 billion lei by the end of the year. The total estimated impact for the measures to support the payment of natural gas bills is 5.3 billion lei," said the prime minister.He added that, together, the measures for electricity and natural gas will have an estimated total impact of almost 14.5 billion lei by the end of this year.According to Prime Minister Ciuca, the implementation of the new measures announced after April 1 will allow the "sustainable" continuation of the state's efforts to provide protection to the population and the business environment, which, for a year, will have a price stability while respecting the free market.

Read in full - click here
The varied depictions of the traditional blouse ia on display in Bucharest exhibition

The exhibition RomanIa – Identity representation of traditional dress in art, currently on view at the National Museum of Art of Romania (MNAR), gathers a variety of artistic representations of the traditional blouse ia, from painting and sculpture, to drawing, photography, installation, film, music, posters, fashion, books, albums, and more. It includes works by Henri […]

Report: Most non-EU immigrants in Romania come from Nepal, Sri Lanka

Over 136,000 non-EU citizens held residence permits for employment in Romania at the end of August this year, most of them coming from Nepal, Sri Lanka, Turkey, Moldova, and India, and two out of three immigrants live in Bucharest, Ilfov, Constanța, Timiș, and Cluj, according to a study conducted by the Economic and Social Council. […]

Romanian prosecutors conduct searches in case concerning bankruptcy of insurer Euroins

Romanian prosecutors conducted house searches in 12 locations in Bucharest and two in Târgu Mureș on Wednesday, November 26, in a case targeting former employees of bankrupt insurer Euroins. Specifically, the searches targeted 10 individuals who held executive management positions within Euroins, as well as the headquarters of legal entities controlled by the Bulgarian shareholders […]

Cushman & Wakefield Echinox: Bucharest’s premium home prices double amid extremely limited supply

Prices in Bucharest’s premium residential market have doubled over the past few years, reaching record highs amid a severe shortage of supply in the city’s most exclusive neighborhoods, Cushman & Wakefield Echinox said. Areas such as Primăverii, Kiseleff, Aviatorilor, and Dorobanți continue to dominate demand. Over the past 2 or 3 years, prices for premium […]

Romania's Consulate in New York pays homage to Romanian who mediated sale of Alaska to US

The Romanian Consulate in New York shared on social media the story of George Pomuț (George Pomutz, born Gheorghe Pomuț), the Romanian-American who facilitated the sale of Alaska to the US. Despite his role in US history, the Romanian is largely unknown today, the Consulate noted. Pomuț was born in the Hungarian town of Gyula, […]

Shares of cold cuts company Cris-Tim listed on Bucharest Stock Exchange after successful IPO

Shares of Cris-Tim Family Holding (BVB: CFH) began trading on the Bucharest Stock Exchange on November 26 after an IPO worth RON 454.35 million (EUR 89.3 million) conducted last month. Cris-Tim is now the largest entrepreneurial company in the food sector on the BVB Main Market. The funds raised from institutional and over 8,000 retail […]