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.
This autumn, a mature linden tree on the campus of the British School of Bucharest (BSB) was relocated to a new position within the school grounds to make space for the development of new sports facilities. The operation, supervised by two UK specialists from Ruskins Trees & Soil Biology Ltd, represents the first such relocation […]
Romania continues to record the largest value-added tax gap in the European Union, losing around one-third of both VAT and corporate tax revenues, according to an analysis by PwC Romania based on the VAT Gap in Europe report by the European Union. The country has held the top position in VAT non-collection for the past […]
Romanian companies recorded higher profitability than peers in Bulgaria, the Czech Republic, Hungary, and Poland across nine economic sectors, positioning Romania among the most attractive regional markets for investors in selected industries, Ziarul Financiar reported, citing a joint study by the Bucharest...
Romania ranks 19th globally for mobile internet speed, surpassed not only by advanced economies in the region but also by neighboring countries, which have accelerated investments in mobile infrastructure and managed to achieve faster and more stable connections, according to Economica.net,...
Romania added 2.5 GW this year to its total solar power capacity, 45% more than last year and roughly one third of the total capacity expected at the end of the year (7.6 GW), according to Economica.net, citing data from the latest report by Solar Power Europe, the European photovoltaic industry association. The performance, combined […]
The volume of net investments in Romania’s economy rose by 8.8% y/y in Q3 in comparable prices, accelerating from a sluggish +1.0% y/y rate in H1, according to data published by the statistics office INS. The rebound points to stronger capital formation after a weak start to 2025. Indeed, gross fixed capital formation rebounded to […]
