The Minister of Energy, Virgil Popescu, announced in a press release that the EU member states are analyzing the technical conditions for achieving an emergency synchronization of the energy system in Ukraine and the Republic of Moldova with the European one. Currently, the power systems of Ukraine and the Republic of Moldova operate in isolation from other neighboring energy systems and are disconnected from Russia, Virgil Popescu recalled after the extraordinary meeting of the Energy Council. According to him, both in Romania and in the Member States, the supply situation is stable, without risks for the current winter, and the EU is ready to activate emergency plans as the situation requires. The Minister of Energy pointed out, in the context, that a priority is the preparation for next winter, stating that he supports maximizing the efficiency of storage capacities and exploring alternative supply routes. “Romania supports the strategic partnership between the EU and Azerbaijan and the operationalization of the Southern Gas Corridor, including the BRUA project. […] In the medium and long term, it is important to diversify sources of supply in order to reduce dependence on imports from Russia, to continue investing in new low-carbon energy capabilities, to increase energy efficiency and interconnections at EU level” the minister also transmitted.
Romanian Finqware (17th), Questo (18th), Footprints AI (21st), and Steepsoft AI (28th) are among the fastest-growing technology startups in the region, included in the main category of the Deloitte Technology Fast 50 Central Europe 2025 ranking. The ranking measures the growth rate between 2021 and 2024. This year's ranking, now in its 26th edition, is […]
Verbund Wind Power Romania, the Romanian subsidiary of Austrian energy company Verbund, has selected a consortium comprising Prime Batteries Technology and Enevo Group for the supply and integration of a new Battery Energy Storage System - BESS with a capacity of 76 MWh and an absorption/delivery capacity of 48MW. Verbund operates a 226 MW wind […]
The union at the Automobile Dacia automobile factory in Mioveni expressed concern about the administration's proposal to reduce production, starting in January 2026. The production is reportedly planned to be reduced to 55 units per hour, from 65 units currently, according to the company's employees speaking for Europa FM, as reported by
Romanian prime minister Ilie Bolojan announced on November 21 that a decision will be taken in December regarding the minimum turnover tax (IMCA) applied to companies with a turnover of EUR 50 million or more, whose 16% profit tax falls below 1% of turnover, Economica.net...
Prime minister Ilie Bolojan, in a press conference on November 21, said that Romania took steps to protect the interests of state company Romgaz, which holds 12.2% in the Trident Black Sea offshore perimeter operated by Russia's Lukoil. He said that the authorities in Bucharest "collaborated" with the Office of Foreign Assets Control (OFAC) within […]
Kazakhstan's national oil and gas company, KazMunayGas, is set to partially divest its European assets, which include KMG International (KMGI, formerly Rompetrol Group) with Romania's largest refinery, Petromidia (4.8 million tonnes refining capacity), in its portfolio. KazMunayGas plans to sell up to 50% of its European holdings, according to
