The Romanian Energy Regulatory Authority has announced a reduction in the regulated tariff applied by the national energy system operator, Transelectrica, to all electricity import, export and transit transactions planned with the Republic of Moldova and Ukraine, https://www.ipn.md/ reports.Profit.ro reports that, starting with September 2022, the regulated tariff for electricity exchanges with perimeter countries has been massively increased, first from €0.6 to €1.2 per MWh, plus VAT, and then to €3 per MWh, plus VAT. Electricity exchanges with the Republic of Moldova and Ukraine intensified after the two neighboring energy systems separated themselves from Russia’s system and synchronized with the interconnected grid of continental Europe in March 2022, less than a month after the start of the Kremlin’s military aggression.Since last autumn, since the Russian Federation began a series of extremely aggressive methodical attacks on Ukraine’s energy system, resulting in massive damage, Romania’s energy exports to the neighboring country have increased even more, both in terms of commercial deliveries and in the form of emergency aid. Transelectrica in the first quarter of the year collected over 3 million lei from emergency aid granted to Ukraine’s neighboring system, consisting of emergency energy deliveries to its counterpart Ukrenergo, at a time when the Ukrainian energy infrastructure was affected by missile and drone attacks staged by the Russian military aggressor.The quoted source noted that lately, due to the destruction of some of the vital power plants, Ukraine has to import energy from neighbors almost daily. EU rules provide that transmission system operators (TSOs) in the Community area receive compensation for the costs of hosting cross-border electricity flows in their networks, paid by the counterpart system operators from which they originate and where these flows ultimately arrive. To this end, EU TSOs contribute money to a common fund, each contributing proportionally to the ratio of the absolute value of net flows to and from its national transmission system to the sum of the absolute value of net flows to and from all national transmission systems.The compensations cover energy losses related to hosting cross-border electricity flows, as well as the costs incurred by TSOs in providing infrastructure for the purpose of hosting cross-border electricity flows, including investments in strengthening the networks necessary to facilitate such flows. In contrast, third countries, such as the Republic of Moldova and Ukraine, are subject to an EU transmission system utilization charge, set each year at the level of the estimated contribution per megawatt-hour that transmission system operators in an EU country would have to pay to that common fund based on the expected cross-border electricity flows for the given year. Third-party TSOs recover the duty from domestic energy exporters and importers.
Ruling on the draft law on the disbursement of privately-managed pensions, namely 2nd and 3rd Pillars, inked by the Financial Supervisory Authority (ASF), promoted by the Romanian government and approved with amendments by the Parliament, the Constitutional Court (CCR) concluded that the capping the single payment granted before the start of the monthly payments to […]
The revised bill that bans the cumulation of the public pension of a special (non-contributive) nature with a wage paid in the budgetary sector, currently available for public debate, will be amended so as to restrict the exceptions provisioned in the original form, labor minister Florin Manole said, according to
The Romanian business community reiterated its firm call to decision-makers to eliminate the minimum turnover tax (IMCA), in view of the discussions on the construction of the state budget for 2026, according to a statement signed by more than 100 employers' federations, business associations, and chambers of commerce in Romania. The Romanian government will address […]
Romanian president Nicusor Dan reiterated in a speech at the 2025 Digital Governance Summit organised by Edge Institute at Cotroceni Palace and published on the Presidency's webpage, thus making it somewhat official, an invitation addressed to the "private community" to draft regulations and sectoral policies that the state is unfortunately unable to design, such as […]
Premier Energy Group (BVB: PE), a leading vertically integrated utility company in Southeastern Europe listed on the Bucharest Stock Exchange, reported its normalized revenue grew 40% y/y to EUR 1.17 billion, while normalized EBITDA rose by 36% y/y to EUR 94 million in the first nine months of 2025. On a reported IFRS basis, revenue […]
Autonom Services, a mobility services company with bonds listed at the Bucharest Exchange, has entered into a credit facility agreement with a total value of EUR 300 million, with an option to subsequently increase the facility by up to EUR 50 million. The financing was attracted from a syndicate of banks that included Banca Transilvania, […]
