Prime Minister Florin Citu said on Tuesday that energy prices will not be capped in Romania, insisting that Romania needs energy independence."There is growing public concern over energy prices, especially because the winter season is coming - the payment of energy bills - and so we have to come up with solutions. Of course, the solution to prices cannot come from the prime minister. We have to find the solution together. I can tell you from the outset that the government will not step in to cap prices; that should be very clear," Citu said at the Government House.He pointed out that energy prices have gone up everywhere in the European Union."I am ready to take up this goal, together with you, because it is clear that we need Romania's energy independence. This is what I understood from what happened during this period. An increase in consumption - we had to increase imports and we are dependent on energy prices elsewhere in the European Union. I have noticed that prices in Spain have tripled, but we have the resources to win Romania's energy independence and then we need to increase production capacity; we have some programmes that we are already working on (...) and I take up the goal of achieving Romania's energy independence," added Citu.Citu had a meeting at the Government House with Energy Minister Virgil Popescu, Labour Minister Raluca Turcan, and officials of the National Energy Regulatory Agency (ANRE), Transelectrica electricity transmission corporation, the OPCOM national energy market administrator, the Competition Council and the National Consumer Protection Agency (ANPC).
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
