Three major Romanian power producers burning fossil fuels, namely OMV Petrom, Romgaz, and CE Oltenia, are reportedly asking the Ministry of Energy to reimburse them for the value of the CO2 certificates purchased for the power produced and sold at a capped price (RON 450 or RON 400 per MWh, depending on the period), in line with the price-capping mechanism, according to sources familiar with the matter consulted by
According to a recent announcement from the Ministry of Foreign Affairs, Romania endorsed the Joint Declaration on the Security and Resilience of Submarine Cables in a Global Digitalized World, in coordination with the United States and European Union partners. The diplomatic effort takes place as allies are concerned with sabotage incidents, cyberattacks, and other forms […]
The media and entertainment industry in Romania is projected to experience steady growth over the next five years, driven primarily by the expansion of digital segments. According to the latest PwC Global Telecommunications, Entertainment & Media Outlook 2025-2029 report, the sector is expected to grow at an average rate of around 2% annually, reaching a […]
Romania’s state-owned railway company CFR announced on Thursday, August 7, that it will be installing sound-absorbing panels on routes around Bucharest for the comfort of neighboring localities. Nearly RON 11 million (EUR 2.1 million) from the state budget has been allocated for 800 meters of panels with heights between two and four meters. Panels will […]
A new urban regeneration project in Codlea aims to transform Romanian fairy tales into an attractive tourist and educational destination by revitalizing unused urban spaces. The project, titled "Romanian Fairy Tales Museum in Codlea," has a total funding request of over RON 18 million, with approximately RON 15.3 million coming from non-reimbursable European funds, according […]
The Romanian state has reportedly concluded a lobbying agreement with Global Security and Innovative Strategies LLC, an American consultancy firm specializing in security and public safety, which provided assistance to Qatar before it joined the US Visa Waiver program, according to Profit.ro. ...
Mercure has opened a new hotel in Romania’s Alba Iulia, marking the first internationally affiliated hotel in the historic center of the Transylvanian city. The design and decor draw inspiration from the city’s rich history, including recent archaeological discoveries of a Roman road, according to the company. The hotel features 118 rooms, a Roman-inspired spa, […]
