A new wind power plant, with an installed capacity of 140 MW, in Deleni commune, eastern Vaslui county, is added to the organic development of the portfolio of renewable energy sources of PPC Renewables, reaching the construction phase, the company informs in a press release.The new wind farm is designed with 23 6.1 MW GE Vernova turbines and will be connected to the grid by the end of 2025. Given the high wind potential of the region, the estimated annual generation of the plant is approximately 370 GWh per year. Once operational, CO2 emissions will be reduced annually by 215,000 tons. Upon completion, the project is expected to provide enough energy to power the equivalent of approximately 62,000 households, the quoted source points out.PPC Renewables operates an existing portfolio of over 700 MW in Romania. Upon completion, the total installed capacity of renewable energy sources of the PPC Group in the country will reach approximately 850 MW.
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
