The Republic of Moldova's pro-EU Party of Action and Solidarity (PAS) received over 50% of the votes – more than twice that of its main rival, the Patriotic Bloc (below 25%) of moderate pro-Russian orientation – and is expected to get the majority of seats in the parliament after the September 28 general elections, according to preliminary data published by the Central Electoral Commission.
Winning a majority of votes in parliament will allow the party of president Maia Sandu to continue...
Romania’s state-backed gas giant Romgaz (BVB: SNG) is standing at a crossroads that could reshape its future, according to a new analysis by investment bank Wood&Company published on BVB Research Hub. The firm maintained its “Hold” recommendation on Romgaz shares, with a raised price target of RON 8.2, slightly below the current share price...
Iași is the third fastest-growing first-tier city in Europe over the past 15 years, tied with Wrocław in Poland, with the IT and real estate sectors driving growth, according to an analysis by research company Oxford Economics, as quoted by Ziarul Financiar. The ranking is led by Dublin and Valletta. ...
Romania's market regulator, ANRE, is expected to grant the permit for a 150 MW and 300 MWh battery in the eastern part of the country, strategically located to absorb the excess energy generated by the wind farms in the area. It would be the largest such capacity developed in Romania to date,
Hidroelectrica, the largest energy producer in Romania, must focus on diversifying its portfolio of energy production sources and energy storage batteries, said the company's interim general manager, Bogdan Badea, as reported by Economica.net. Badea, who also served...
German retailer Kaufland is targeting a sustained pace of 10–15 new stores annually and a network of 250 stores in Romania and the Republic of Moldova by 2030 (from 193 currently), Valer Hancaș, Director of Communication and Corporate Affairs at Kaufland Romania, told Profit.ro....
The budget rectification project is to be adopted by the end of this week, given the multiple requests and financing needs addressed to the Ministry of Finance in the context of deficit pressures, minister Alexandru Nazare announced, according to Economica.net....
