The updated version of Romania's Energy Strategy 2025-2035 provides, among other things, for keeping affordable energy prices in place and supporting economic competitiveness, developing energy storage facilities and encouraging the growth of domestic consumption under efficient circumstances, according to the Ministry of Energy.The draft of the updated "Romania's Energy Strategy 2025-2035 toward 2050" document is posted on the website of the Ministry of Energy, the section "Transparency and integrity - Decision-making transparency.""The previous energy strategy was adopted 17 years ago, for 2007-2020. Therefore, there was a pressing need to adopt a new programmatic document. Among the novelties of the strategy, I would list: the imperative of safeguarding the energy security of Moldova; focusing on lowering energy prices for household and industrial users; developing storage facilities; cyber-security and the construction of a local supply chain with technologies and materials necessary for the green transition. I would like to remark that this strategy was developed by experts from the Ministry of Energy together with those from companies and bodies operating under its authority, as well as by the members of the Honorary Council for Energy. Not a single penny from the national budget was used for external consultancy," Energy Minister Sebastian Burduja is quoted as saying in a press statement released by the Ministry of Energy on Friday.In the view of the relevant ministry, among the need to accelerate the green transition and improve energy security, Romania's new energy strategy aims to ensure complementarity between maintaining affordable prices and supporting economic competitiveness; a gradual transition from fossil fuels to renewable and/or low-carbon energy resources; developing storage facilities; improving energy efficiency; diversifying domestic energy resources; strengthening energy transmission and distribution networks; encouraging an increase in efficient domestic usage; flexibility of networks and the creation of a competitive and highly-performing market that places users at its core.
Gold has been one of the most sought-after assets for centuries, and in the modern era, it has become a highly popular component of investment portfolios. A preferred asset for protection against economic risks, gold has delivered attractive long-term returns, increasing by approximately 8% per year over the past two decades. Since the end of […]
JTI Romania is the Top Employer for the 12th year in a row, being ranked third amongst 44 companies locally awarded, after an assessment conducted by the Top Employers Institute. The company was rated for about 20 criteria such as leadership, talent acquisition, on-boarding, digital HR, work environment, career development, learning, ethics & integrity, diversity, […]
Romanian defense minister Angel Tîlvăr stated that the contract for the Patriot system, which will replace the one ceded by Romania to Ukraine, is expected to be signed in February. The minister commended the decision of the United State government to approve the delivery of three Patriot systems to Romania. Raytheon stated it will collaborate […]
Romanian companies are entering 2025 with cautious optimism, focusing on managing risks and controlling costs, according to the Deloitte 2025 Romania CFO Survey conducted at the end of last year among approximately 130 Chief Financial Officers (CFOs). Most of the Romanian CFOs predict an increase in revenues for this year (58%), but their share has […]
Several employees of the Romanian Senate began protesting and booing while the president of the upper Chamber was announcing that staff restructuring would be implemented to reduce public spending. Ilie Bolojan, president of the National Liberal Party and head of the Senate, announced a reduction in the organizational chart from 796 positions to 618 positions. […]
The members of the Romanian angel investor network TechAngels put EUR 2.757 million in direct investments in tech startups in the second half of 2024, almost triple the amount invested in the year's first half. The investments for the entire 2024 rose to EUR 3.777 million, a 25% year-on-year increase. The rounds backed by TechAngels […]
