Almost one in five (19.8%) people in Romania were affected by severe material and social deprivation in 2023, according to the data published on Friday, June 28, by the National Institute of Statistics (INS).
There were 3.97 million poor people in 2023, 59,000 less than in 2022,
Romania was eliminated from the EURO 2024 football tournament hosted by Germany after a 0-3 defeat to the Netherlands on Tuesday, July 2. After some 20 minutes of Romanian domination, the Netherlands unexpectedly scored. While not losing stem immediately, Romania failed to recover and missed some good opportunities in the first half of the game, […]
The tender held by the chemical company Chimcomplex Borzești for the construction of a 108 MW gas-fired cogeneration (combined heat and power) plant in Râmnicu Vâlcea, a project financed under the National Resilience Facility (PNRR) was canceled, according to Economica.net. ...
The Japanese Bank for International Cooperation (JBIC) will co-finance the Resilience Venture Capital Fund (Recovery Equity Fund or REF) in Romania through one of its subsidiaries in Poland, Romanian authorities announced, quoted by Economica.net. ...
Romania's competition body, Consiliul Concurentei, approved the deal by which Romania's leading financial group, Banca Transilvania (BVB: TLV), takes over the local subsidiaries of Hungarian group OTP, according to Profit.ro. Banca Transilvania's market share by assets will reach 22%-23% after the deal,...
The Romanian Photovoltaic Industry Association (RPIA) and the Romanian Wind Energy Association (RWEA) representing producers, developers, service providers, and equipment suppliers in the renewable energy sector, asked the Romanian government to provide more predictability in the allocation of public support for their projects. The joint statement of the associations comes after government officials hinted that […]
The price of electricity on the balancing market in Romania spiked at RON 16,000 (EUR 3200) per MWh in the morning of July 2, as the production of intermittent generators (wind farms most likely) exceeded initial estimates. Meanwhile, the share of thermal (coal and natural gas-fired) electricity exceeded more than one-third of total production amid […]
