The National Energy Regulatory Authority (ANRE) last week approved an average increase of 19% in the regulated tariffs for the distribution of natural gas, which means about RON 10 /MWh distributed.The increase applies from July 1.The change in tariffs is determined by three main factors: the increase in the costs of the natural gas distribution adjusted for a forecast inflation for 2024 of 4.6%, the increase in capital costs following the achievement in 2023 of a record investment volume, both in connections to new users and in extensions of distribution systems in the concessioned areas, as well as an 8% reduction in the amount of natural gas transmitted in 2023.Under Energy and Natural Gas Law 123/2012 and ANRE Order 217/2018 approving a methodology for establishing the regulated tariffs for the distribution service in the natural gas sector, ANRE approves the regulated tariffs for the natural gas distribution service and sets the regulated tariffs for the provision of natural gas distribution services, differentiated, for each distribution operator.The tariffs include, but are not limited to, costs generated by the modernisation and development of distribution capacities through the extension of networks or by the creation of new systems/networks, as well as costs generated by the connection of new applicants to household customers, self-employed individuals, individual enterprises, family businesses and public institutions, only if such costs are justified.
Romanian tissue and sanitary paper products producer Elfi announced investments of EUR 10 million in 2025 to expand production capacity. The project involves the construction of a new production hall and the installation of a state-of-the-art production line, which will allow the company to operate three production lines and double its current capacity. In 2024, […]
With the investment fund Accession Capital Partners and the private equity fund Invenio Partners as majority shareholders since the end of 2024, the Romanian coffee chop chain 5 to go targets the Southeastern European market, according to Profit.ro and
Romanian lithium-ion battery manufacturer Prime Batteries Technology, founded and controlled by Romanian entrepreneur Adrian Polec, has entered into a collaboration with Arrow Electronics and NXP Semiconductors to launch a next-generation battery energy storage system - BESS platform, according to
Romania’s headline inflation remained steady at just under 4.9% y/y in April, in line with consensus expectations, as the average prices increased by a mere 0.07% in the month, according to the data published by the statistics office INS on May 13. Core inflation remained at 5.3% y/y as well. The National Bank of Romania […]
Moldovan president Maia Sandu voiced her support on Tuesday evening, May 13, for Nicușor Dan, the independent candidate in Romania’s presidential election, and urged Moldovans with Romanian citizenship to vote on Sunday to protect Romania’s European and democratic progress. In a video shared on social media, Sandu praised Dan’s “decency, resilience, and respect for the […]
Two Romanians were arrested during Sunday night, May 11, after robbing empty houses in the evacuated mountain village of Brienz located in the Swiss canton of Graubünden. The village had been evacuated since November due to rock falls. The locality was, however, monitored by the authorities to prevent break-ins. The would-be thieves apparently tried to […]
