The National Salt Company Salrom announces the extension of its concession license for a graphite exploitation site in the Ungurelasu – Polovragi area, a strategic project of European importance in the battery sector, for which the company is seeking nearly €200 million in EU funding. Graphite is an essential raw material for the manufacture of batteries, one of the most dynamic industries in the world at the moment. “The extension of the Graphite Shale Mining License will allow Salrom to develop business opportunities related to the maximum exploitation of the economic potential offered by this useful mineral substance, given that Salrom has an approved project, included in the list of 47 projects declared of strategic level by the European Commission regarding the exploitation and valorization of critical raw materials,” the company reports. The project involves the extraction and primary processing of graphite schist to produce battery-grade graphite, including the development of necessary mining infrastructure and the installation of processing equipment to convert raw material into high-purity graphite essential for battery production—particularly for electric vehicles and energy storage systems. The total funding requested amounts to €198,306,135. With this initiative, Salrom is set to join the ranks of Europe’s major critical raw material producers, entering a rapidly expanding market with strong growth potential. For the first time, the European Commission has adopted a list of 47 strategic projects aimed at boosting domestic capacity for critical raw materials. These projects are expected to strengthen the European value chain and diversify sources of supply. They will be located across 13 EU member states.
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
