The companies in Romania and Hungary pay the highest prices for energy in the EU, almost three times higher than the ones paid by the companies in Finland, shows an annual report regarding the single market and competitiveness, published on Wednesday by the European Commission, send DPA.According to the document, the prices for energy in the EU have increased significantly after the beginning of the Russian invasion in Ukraine, two years ago. The average price paid by an average-sized company in the EU has increased up to 0.21 euro/KWh in 2023, from 0.18 in 2022.The average-sized companies in Romania pay the highest prices for electricity in the EU, from 033 euro/KWh, followed by those in Hungary, which pay 0.30 euro/KWh. At the other end, the lowest prices were identified in Finland and Portugal, at 0.10 euro/KWh.The report of the community executive shows that the UK has registered most dramatic increases while the US has kept the energy prices at a reduced level.Similarly, in the case of the EU, the share of energy from renewable sources has increased up to 23.02% in 2022, shows the report of the commission. By comparison, in 2020, the last year for which there are comparable data, the share of renewable sources energy was two times higher in the EU than the US and Japan.The EU has established as target for 2030 42.5% of the used energy to come from renewable sources.
June is the richest month. The most awaited two weeks in my annual festival pilgrimage. The route starts with Romania’s Transilvania International Film Festival (TIFF), followed by Italy’s (and the world’s) most comprehensive festival for restored and archival film: Il Cinema Ritrovato. To shake up the traditional article on the two, I’ll start with the […]
Different Beauty, a recently opened exhibition of works by Czech photographer David Těšínský, offers a glimpse into everyday life in the war-torn region of Donbas in 2017. The photos were taken within the span of only a few days, as Těšínský traveled to eastern Ukraine to document the lives of women impacted by war. In […]
Different Beauty, a recently opened exhibition of works by Czech photographer David Těšínský, offers a glimpse into everyday life in the war-torn region of Donbas in 2017. The photos were taken within the span of only a few days, as Těšínský traveled to eastern Ukraine to document the lives of women impacted by war. In […]
Roughly 70% of Romanians are “very” or “moderately” concerned about how AI accesses and uses their data, according to the latest survey conducted by RoCoach in partnership with Novel Research between May and June 2025. Distrust in automated decision-making and the demand for regulation are becoming more pronounced, as Romania rolls out major digitalization projects […]
The Armenian Street Festival returns for a 9th edition between August 1 and 3, 2025, in the “Dimitrie Brândză” Botanical Garden in Bucharest. The festival brings into focus the living heritage of the Armenian community in Romania and the diaspora. According to the organizers, this year’s edition aims to strengthen the Bucharest–Chișinău–Yerevan cultural axis, articulated […]
The Romanian mergers and acquisitions market registered a total of 122 announced transactions in the first half of 2025, with a value exceeding EUR 2.7 billion, marking a slight increase of 6% in volume and 4% in value compared to the same period last year, according to an analysis by George Ureche, partner at PwC Romania. […]
