The European Commission (EC) has approved a EUR 16 million increase in state aid for the rehabilitation of the district heating system of Bucharest, according to a press release from the Romanian Competition Council quoted by Economica.net. ...
Romania's gas imports in the first two months of 2022 stood at 500,400 tons of oil equivalent (toe), up 16.9 percent YoY, show figures centralized by the National Institute of Statistics (INS).The domestic gas production over January - February 2022 amounted to 1.174 million toe, 6 percent (75,600 toe) less than in the first two months of 2021.According to estimates by the National Strategy and Forecast Commission, Romania's natural gas production this year will amount to 7.45 million toe and imports are seen at 2.33 million toe, up 1.9 percent and 19.6 percent down from 2021, respectively.According to the "2019 - 2030 Energy Strategy With Outlook to 2050" published on the website of the Energy Ministry, Romania's natural gas production will peak at 132 TWh in 2025 due to the Black Sea production, and will subsequently decrease to 96 TWh in 2030 and 65 TWh in 2050.The final natural gas consumption will keep constant between 2030 and 2050 at 68 TWh, with demand seen at an estimated high around 73 TWh, while the low is set to progressively decline from 63 TWh in 2030 to 47 TWh in 2050.
The European Commission (EC) has approved a EUR 16 million increase in state aid for the rehabilitation of the district heating system of Bucharest, according to a press release from the Romanian Competition Council quoted by Economica.net. ...
Crin Antonescu, the ruling coalition's candidate in the presidential elections, stated in a Facebook post that the European Union must abandon the Green Deal in favor of a Smart Deal, which would allow access to cheaper energy, including for Romanians affected by current regulations. "I want cheap energy for Romanians. Through the Green Deal, the […]
Romania's main democratic opposition party, Save Romania Union (USR), issued on April 14 an official note stating that the National Bureau decided, unanimously by those present, to empower the party's Secretary-General Dominic Fritz to manage all contracts. The note followed the Bureau's decision last week to no longer support the presidential...
A Flashdata electoral poll carried out during April 10-12 and published by B1TV revealed that the far-right frontrunner candidate George Simion (Alliance for the Union of Romanians - AUR, 27% of the options expressed) leads at a thinner-than-anticipated margin....
Romania’s Arctic Stream (BVB: AST), an IT integrator using Cisco technology to provide high-performance products and services, plans to pay RON 1.4 dividend per share this year (+16.6% y/y), resulting in a dividend yield of nearly 7% depending on the share’s price. The dividend proposal is included in the agenda of the general shareholder meeting […]
The Romanian Ministry of Finance, through its Fidelis and Tezaur issues, has borrowed RON 16 billion (EUR 3.2 billion) from the population in Q1, three times up y/y, according to data compiled by Profit.ro. ...