The ministry of energy is working at present on the legislation which will allow the installation of wind turbines offshore, the target being that Romania becomes the first in this sector in the Black Sea, stated on Tuesday George Niculescu, state secretary in the ministry of energy, during an event which took place in Copenhagen.‘For the energy sector, we have in the National Plan for Recovery and Resilience over 1.5 billion euro. On 31st March we launched the call for projects worth 460 million euro. The investors can lodge up to 31 projects to ask for financing. We want to finance over 950 MW of renewable energy: 450 MW in wind energy and 400 MW in photovoltaic panels’ said Niculescu. During the conference organized by the Association The Romanian Centre of Energy in partnership with the Romanian Embassy in Denmark.This is only the beginning, he told the Danish investors.‘In October we will launch the Modernisation Fund, which is almost 1.4 billion euro per year, so a very important financial resource to make new production capacitiy for clean energy in Romania. I would advise you to analyse these opportunities, to come to Romania and develop projects here. Romania, during this period is in the second phase of development for the production projects for renewable energy’ Niculescu said.The ministry of energy is working at present on the legislation in the offshore wind sector, where Romania has a huge potential.‘We started this process at the end of last year. The draft law which has been in the parliament since 2019 cannot be used anymore, so we decided to work with the World Bank,as consultant, to have a stable and predictable legislative framework for investments in the offshore wind sector in the Black Sea. We have studies which show the potential is huge, as Dobrogea, known for its wind potential has drawn the biggest part of the wind projects in the first wave. So it is normal to continue and to want to be the first country which implements offshore wind projects in the Black Sea’ said the official.
Exim Banca Românească continues the savings campaign under which it pays attractive interest rates, above the market average, for new deposits in lei and euro, over 7 months: interest rates of up to 7.20% per year for lei and 2.50% per year for euro. The offer is available both for the PLUS deposit in lei, […]
In a telecom market shaped by economic pressure, fierce competition, and rapidly evolving consumer habits, Orange Romania is betting heavily on network leadership as its defining advantage. With the largest 5G spectrum investment in the country’s history - around EUR 265 million - the company is doubling down on speed, coverage, and long-term infrastructure at […]
The Romanian job market was marked by extremes in 2025, according to an analysis by employment platform BestJobs. In some sectors, job-seekers dictated the rules, while in others they fiercely competed for a limited number of positions, giving employers the upper hand. In the IT sector, the limited number of available positions led to a […]
Poiana Brașov, a popular mountain resort in central Romania, will host a new winter event format starting in 2026, as Untold Universe launches Massif Week, scheduled to take place between February 27 and March 8. The initiative is designed to diversify the resort’s winter offering and extend the tourist season through a series of indoor […]
A memorial march will take place in central Bucharest on December 21 to mark the victims of the 1989 Revolution, which led to the fall of communism in Romania. The march will follow the Victory Square – University Square – Revolution...
Cushman & Wakefield Echinox announced the completion of the sale of the Zenith Conference & Spa hotel in Mamaia, one of the top hospitality units on the Romanian seaside, to the owners of Steaua de Mare Hotels & Resorts, based in Eforie Nord. The property was previously controlled by the RC2 investment fund and Antares […]
