Romanian energy minister Sebastian Burduja announced that he is considering extending the capping-compensation scheme, in its current form, for another 3-6 months after April 1, 2025 – when it was supposed to be phased off. The ministry is working on several scenarios, he said.
One of the scenarios is to keep the compensation-cap scheme for 3-6 months, given that the situation in the region is complicated, given the gas price increases, especially on the international market, Burduja...
In April 2025, about 4,350 employees from 14 counties of Romania were left without a job following employers' decisions to carry out collective layoffs, according to data reported by the Territorial Labor Inspectorate for each county that responded to Ziarul Financiar. Most employees left without a job...
Romanian pharmaceutical producer Antibiotice Iași (BVB: ATB) announced that it secured its fifth consecutive contract with the United Kingdom's National Health Service (NHS), significantly increasing its presence in the British market for injectable beta-lactam antibiotics. The agreement involves the supply of seven million vials of five types of sterile injectable penicillins to UK hospitals over […]
Swiss-based VAT Group, a global leader in vacuum valve manufacturing, announced in a press release on June 5 that it inaugurated a new factory in Arad, western Romania, marking its third major operational hub worldwide. The new facility joins VAT's global network alongside its headquarters in Switzerland and a key unit in Malaysia. The new […]
Romania's sole flat steel producer and among the few still operational in Europe, Liberty Galati (part of GFG Alliance's Liberty Steel Group), announced it resumed activity on June 4 after idling for an entire year amid adverse market conditions. Over the past year and a half, the company received EUR 292 million in government-guaranteed loans from […]
Major global shipping operator Mediterranean Shipping Company (MSC) Group has notified the Romanian government that it wants to take over the management of the Damen Mangalia shipyard, which has been under insolvency for the past year, according to Europa Libera Romania. The company reportedly paid in advance for...
French infrastructure giant Vinci is reportedly interested in acquiring EnergoBit, one of Romania’s leading energy equipment and services companies, Ziarul Financiar reported on June 5. EnergoBit, based in Cluj-Napoca, is currently fully owned by its founders - Ștefan Gadola, Peter Pal,...
