2,824,594 pupils and kindergarten children will start the 2019-2020 school year on Monday, according to the National Education Ministry. This year, classes will be taught by a total of 215,289 teachers in 6,293 educational establishments and 11,171 assigned buildings, according to the National Education Ministry. The new school year will...
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The law that regulates investment in offshore wind energy projects will enter into force on May 30, after the bill was promulgated by the president of Romania, Klaus Iohannis, the Ministry of Energy announced on April 30. However, the key details, including the royalties, will be set and approved by the government by mid-2025. “Romania […]
Hidroelectrica (BVB: H2O) is close to resuming works and completing the Bumbesti-Livezeni hydropower complex after the government waived this year (again) the environmental impact study for the project by declaring it as a project of national interest and public utility, according to
The combined area of the buildings with a permit issued in the first quarter (Q1) of 2024 was 2.47 million sqm, 19.3% less compared to the same period of 2023 and 23.5% down compared to the first quarter of 2019, the statistics office INS announced. Out of this, 1.77 million sqm (-19.5% y/y) is in […]
BCR Group, which includes the second largest bank in Romania by assets, reported its net profit rose by 10% y/y to RON 620 million (EUR 125 million) in Q1, "driven by improved operating results underpinned by advances in customer business." The net interest income surged by 17% y/y to over RON 1 billion (EUR 200 […]
Rosia Montana Gold Corporation (RNGC), controlled by Toronto-listed Gabriel Resources, asked Romania to prolong its license for the Rosia Montana gold mining project by five years and urged the country to issue a license for a similar project (Bucium) required in 2007, according to
OMV Petrom (BVB: SNP) will dedicate one-third of its EUR 11 billion investments planned by 2030 to five low-carbon business lines, which are intended to reach 15% of the company’s EBIT consequently, company’s CEO Christina Verchere said in an interview with Ziarul Financiar. The five...
