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.
The final version of Romania's national defence strategy 2025-2030, as amended following the public consultations and approved by the members of the Supreme National Defence Council (CSAT), is to be presented by president Nicusor Dan in Parliament, where it will be debated and voted on by lawmakers. The Romanian state must be prepared to manage […]
The 5 to go coffee chain, including over 650 units nationwide, is expanding its service portfolio through a partnership with Fibula Air Travel tour operator, for which it will distribute tourist packages, Ziarul Financiar reported. Fibula Air Travel has a significant presence in the markets...
The French group Groupe Atlantic is set to inaugurate the factory in Ariceştii Rahtivani, Prahova County, in the coming weeks, a greenfield investment of over EUR 50 million, announced Ziarul Financiar. So far, about EUR 40 million has been invested, and the remaining EUR 10 million is planned by the end...
Fondul Proprietatea (FP), as a minority shareholder (20%) at Bucharest Airports Company (CAB), proposed that the company could issue, under an IPO at Bucharest Exchange (BVB), a number of shares equal to half of its current shares, to finance the construction of a new terminal. The operation would preserve the state's majority position and generate […]
Sales of the Dacia Sandero model were the highest in Europe in October, although the volume was slightly lower than a year ago. The Romanian model managed to surpass its main rivals, the Clio and the T-Roc, according to Profit.ro. The Sandero is mainly built in Morocco, where...
The macroeconomic confidence index compiled by Romania's CFA Society association of analysts, based on a survey among its members, plunged sharply by 7.3 points to 30.2 points, with the current conditions (32.3 points) only marginally superior to the expectations (29.2 points). The current conditions are at a historic low level, while the analysts have shared […]
