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.
Nearly seven out of ten Romanian employees say their job negatively impacts their overall wellbeing, while only 37% receive any form of non-wage benefits, according to a new study conducted by Reveal Marketing Research in partnership with Up Romania. The research explored how Romanians define complete wellbeing, or “Wellbeing 360°,” and what factors most influence […]
Former presidential candidate Călin Georgescu asked the Supreme Council of Magistracy (CSM) to take measures against president Nicușor Dan for allegedly pressuring judges and interfering in the justice system, G4media.ro reported. The far-right...
Technology company Endava has signed a framework agreement with Romania’s Authority for Digitalization (ADR) to support the migration of at least 30 government applications to the new Government Private Cloud, a project funded through the National Recovery and Resilience Plan (PNRR). The collaboration marks a major step in Romania’s digital transformation strategy, aimed at creating […]
Cris-Tim, the leader in the Romanian cold cuts and ready meal markets, announced on October 15 that it has received approval from the Financial Supervisory Authority to list its shares on the Bucharest Stock Exchange (BVB). The offering is taking place between October 17 and 29. The initial public offering consists of the sale of […]
The private pensions law, which sets out how money can be withdrawn from private pension systems like Pillar II and III, passed the final vote in Parliament and is heading for promulgation. According to the new regulation, participants could withdraw at most 30% of the accumulated savings upon retirement. The rest of the money is […]
The Petrotel Lukoil refinery in Ploiești, in Romania’s Prahova county, will shut down completely for 45 days for a scheduled general overhaul, the company announced on Thursday, October 16. The maintenance work will take place between October 17 and November 30 and will cover both technological installations and auxiliary units,
