Romania’s gross electricity output in 2014 totaled 64,752 GWh, by 10.55 percent more than in 2013, while consumption stood at 57,627 GWh, shows data released by Transelectrica. Romania’s electricity exports amounted to 9,937 GWh, a figure 2.09 times higher than the 4,753 GWh registered the year before. Electricity imports accounted for 2,811 GWh, slightly higher [...]
President Nicuşor Dan said on June 25, asked about the freezing of pensions and public salaries next year, that this is in the ruling strategy of the government already endorsed by the lawmakers hence, so this might be observed. "Let's start sticking to the things announced in advance," said president Dan, as quoted by
The Netherlands will transfer 18 F-16 fighter jets to Romania by the end of 2025 for the symbolic sum of EUR 1, defense minister Ionuț Moșteanu announced on June 25 during a press conference in The Hague alongside president Nicușor Dan, following the conclusion of the NATO summit, according to
The European Commission imposed "firm and rigorous conditions" for the investments funded under the National Recovery and Resilience Plan (PNRR), and this resulted in an estimated risk of losing EUR 7.8 billion (27%) out of a total envelope of EUR 28.5 billion, former minister of investments and European projects Marcel Boloş announced on his Facebook […]
Romanian companies tend increasingly to borrow from parent foreign groups rather than going to local banks, according to data from the National Bank of Romania (BNR) cited by Cursdeguvernare.ro. The share of such intra-group foreign loans increased to 44% in 2024...
The financial investors who took over the Romanian retailer with a rapid expansion, La Cocos, are selling their 70% stake to Schwarz Group – the market leader that operates the Lidl and Kaufland chains. The founder of the chain expects the German group to preserve the Romanian retailer's identity and develop it along Lidl and […]
Romanian prime minister Ilie Bolojan met on June 25 with representatives of the international credit rating agency Fitch Ratings ahead of the agency’s upcoming assessment of Romania’s fiscal and economic outlook, the government announced. The meeting in Bucharest was also attended by finance minister Alexandru Nazare, deputy prime minister Tánczos Barna - who previously held […]
