The government approved, in the meeting on Friday, the state aid worth over 43 million lei for the closing down of the mines in Lonea and Lupeni, considered to be non-competitive, part of the energy complex Hunedoara –S.A, in insolvency for 2022. ‘The energy complex Hunedoara will receive a state aid for the closing down of the non-competitive coal mines (Lonea and Lupeni) worth 43.246 million lei for 2022, which is completely covered from the state budget through the budget of the ministry of energy’ said the government, in a press release. The state aid is offered for the covering of the exceptional costs of the units in final closing down, costs which are not connected to current production. Thus, the money will be used for compensation payments offered to the employees, professional retraining, rehabilitation of the former mining exploitations, as well as for the surface recultivation. ‘These support measures are offered until 2024 and were notified and authorised by the European Commission through decision no.C (2016) 7.719/final, modified and completed by decision no. C (2018) 1001/final regarding the closing down of the non-competitive coal mines from Romania. At the same time, the non-compliance of the energy complex Hunedoara with the conditions included in the Decision of the European Commission, as well of the obligations committed with a view to obtaining the state aid, will determine the implementation of the measures necessary to recover the state aid by the ministry of energy’ the government said. The state aid is offered with the observance of the community legal provisions in the domain, directly applicable to Romania, as EU member state.
Romanians are worse off now compared to 6 months ago, and 2026 will also be difficult, but from 2027 and then on, there is hope, said president Nicusor Dan during an interview with Romania TV. The government targets a deficit of 8.4% of GDP this year, marginally below 8.65% of GDP in 2024. To tackle […]
Imran Vilcassim, Chief Commercial Officer, Digital Platforms at BPC, explores how Romania’s booming digital payments outpace merchant readiness and why mobile POS is emerging as the practical solution. Romania’s digital payments volumes are rising fast, but merchant infrastructure isn’t keeping up. Independent market models estimate total digital payments will reach nearly
The attributes needed to reach the top of the business hierarchy, how to motivate and support the teams one works with, and how to tackle the unavoidable challenges that arise along the way were among the topics discussed at the event Inspiring Women in Business, organized by La French Tech Bucharest. Making it to a […]
More than half of the elderly people in urban areas in Romania face loneliness, and almost 310,000 of them experience it at a high level, according to a study conducted by the Association Never Alone, Friends of the Elderly, in partnership with Kantar Romania. The study, carried out in August 2025 on a representative sample […]
Square 7, part of retail park investor M Core, officially inaugurated its new Bucharest office last week, marking an important milestone for the company. More than 150 guests joined the event, including partners, collaborators, and team members. M Core is a family of property investment and management companies comprising LCP, Sheet Anchor, Proudreed, and Sheet […]
Real estate developer Hagag Europe Development has expanded its Romanian operations into the energy sector with the acquisition of BTD Distribuție și Furnizare, a local company specializing in natural gas infrastructure, distribution, and supply. The company has opened a new local division - Hagag Energy - and announced plans to invest more than EUR 400 […]
