Wind and solar energy cannot be used at full capacity without a smart electricity transmission and distribution infrastructure, which will lead to low profitability and a higher price for consumers, said Corneliu Bodea, president of the Romanian Energy Center (CRE) and CEO of Adrem, within the "New technologies in energy" project. "A sound policy for the development of a country's energy infrastructure should be approached in an integrated, predictable and coherent manner, with clear, time-appropriate, achievable and relevant objectives. Moreover, the holistic approach should be competent and legislatively aligned in all primary or secondary regulations. Unfortunately, the National Energy Strategy and the Integrated National Energy and Climate Plan cannot be said "to be guilty" of such an approach. I believe that an urgent review of all specific legislation, in the sense of building a new coherent package from scratch, should be the first priority. The extended patchwork and differentiated approaches between the relevant institutions have brought Romania to a place where the lack of a unitary and clear policy will turn into a reduced appetite for investments for major projects," says Bodea."In Romania, I have the courage to declare that the level of network intelligence is on one of the last places in the EU, maybe even on the last. This reality will delay and render inefficient the adoption of renewable technology when we talk about targets above 30 percent in such generation technologies and will make the target of over 50 percent that we have in front of us impossible. I believe that we have time to recover, provided that the efforts of the experts and the will of the politicians are available," added the CRE president.The future is digital and electric, and the lack of a consistent vision that keeps up with the times can place us against the current, with enormous costs for the industry, household consumers and the environment, Bodea also said.
The number of people in Romania at risk of poverty stood at 3.59 million people in 2024, 375,000 fewer than in 2023, representing a 9.4% decrease, according to data from the National Institute of Statistics, or INS. Despite the improvement, nearly one in five Romanians was affected by poverty last year. According to INS, 19% […]
The European Public Prosecutor’s Office (EPPO) in Cluj-Napoca carried out multiple searches on Tuesday, July 1, at the Sibiu International Airport and the Sibiu County Council as part of an investigation into suspected fraud involving a EUR 54 million EU-funded infrastructure project. A total of 24 locations were searched across Bucharest, Brașov, and Sibiu county, […]
A Romanian taxi driver who scammed 90-year-old Nigerian Nobel Prize laureate Wole Soyinka was detained by police on Sunday, June 29, according to media reports. On Friday, June 27, the venerable Nigerian arrived at Bucharest's Otopeni Airport. He got into a taxi and asked to be taken to a hotel downtown. At the destination, the […]
Costin Șerban, a Romanian entrepreneur, is digitalizing the construction sector in the United Kingdom with an ERP (enterprise resource planning) solution developed over 12 years and an investment of GBP 1.6 million (EUR 1.86 million). Șerban’s cloud-based ERP platform is called Abilo, was developed by the Romanian IT company Obi Systems, and is dedicated to […]
Border checks between Bulgaria and Romania have officially been lifted on July 1, as part of the implementation of the Schengen Agreement. The lifting marks the end of the transitional period of heightened control at the internal border, which had remained in place for six months following their accession to the Schengen area by land […]
Remus Vulpescu became CEO of the Bucharest Stock Exchange (BVB) on Tuesday, July 1, taking over from Adrian Tănase as the stock exchange grapples with a market dominated by government bonds. Vulpescu, 53, is a graduate in political and legal sciences from the University of Bucharest and holder of an EMBA obtained in 2017. He […]
