Compensation of gas and electricity bills will be applied as of November 1, for both household consumers, and for non-household ones, because we must also take into consideration SMEs and small companies, Prime Minister Florin Citu declared on Thursday."At this moment, I want to be sure that what we are doing on the compensation side to be quick, simple, and not to involve the consumer too much. And here I want to be very clear, I am talking about the household and non-household consumer, because this is also about SMEs and small companies, which do not have the same negotiating power as a large company. So, we are talking about the household and non-household consumer. Solutions will be for both categories and we will have this solution as quickly as possible, so that they will come into effect as of November 1," Citu explained, during the online debate "Capping versus Compensation. The saving solution for the topic of the moment: electricity and natural gas bills", organized by DC News.The Prime Minister said that this compensation needs to be "a good, simple, transparent product", which will be used this winter, but also in the future for "other exceptional situations"."Compensation moves forward, November 1 - May 31, there is no discussion here," Citu added.According to him, there will be approximately 5.3 million households, which is almost 10,000,000 people.The PM also advised caution in the case of an eventual capping of electricity and gas prices, because Romania is a producer of electricity and gas, but it must make sure that it will not affect the companies' investment plans. But, he added, if the European Union decides on capping prices, then Romania will do the same.
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, […]
