The first commercial exchanges of electricity with Ukraine and the Republic of Moldova, after the synchronisation with the European network will be made starting with 30th June, on the interconnection with Romania, a press release of Transelectrica says.The Transport and System operators (OTS) in Continental Europe confirmed the fact that the preliminary technical conditions were met to allow commercial exchanges of electricity between Ukraine and the neighbouring states. This process comes after the synchronisation of the electro-energy systems made on 16th March 2022, and accession of Ukrenergo as observer member of ENTSO-E on 26th April 2022.These achievements were obtained due to the efforts of the OTS in Europe, especially Ukrenergo and other operators in the neighbouring states. Commercial exchanges of electricity with Ukraine/the Republic of Moldova are planned to start on 30th June 2022 on the interconnection between Ukraine and Romania.Transelectrica is the operator of the electricity transport and system network in Romania which functions interconnected with the European electro-energy system through the interconnections with the neighbouring countries:Hungary, Serbia, Bulgaria, Ukraine and the Republic of Moldova. At present, the network managed by Transelectrica has a trans-borderly capacity of 3000 MW, to reach the value of 7000 MW in 2030.
Romania’s Competition Council has approved the acquisition of Karamolegos Bakery Romania by Vel Pitar, a company fully owned by global bakery group Bimbo, the authority announced on May 12. Karamolegos Bakery Romania is involved in the production and sale of packaged bread under brands such as KB Toast, KB Selected, and Mândra. It also supplies […]
The National Bank of Romania (BNR) probably spent/sold EUR 6 billion of its foreign exchange reserves to prop up the local currency (leu) last week after the victory of far-right presidential candidate George Simion in the first round of elections, which led to the collapse of the government, according to an analysis by Austrian bank […]
Romania’s foreign trade deficit (goods) widened by 27% y/y to EUR 8.45 billion in Q1, according to data published by the statistics office INS. Exports rose by 2.7% y/y while imports surged by 8.1% y/y. Romania’s deficit in foreign trade in goods has reached EUR 35.2 billion in the four quarters to March 2025, or […]
Romania’s Treasury has launched new issues of government bonds under the Tezaur and Fidelis schemes, paying yields of 6.75% (1-year) to 7.8% (5-year) for the local currency debt and up to 6.25% (7-year) for euros. After the Treasury raised RON 21.4 billion (EUR 4 billion) under the two schemes year to date, the households’ demand […]
Romania’s Treasury on May 12 placed RON 540 million (EUR 100 million) of Government bonds on the domestic market at an average yield of 8.45% by reopening an issue that matures at the end of July 2026, according to the National Bank (BNR). The yield is 1.5 percentage points up from roughly two weeks earlier, […]
With five days remaining until the second round of Romania's presidential elections on Sunday, May 18, the race between far-right leader George Simion and independent candidate Nicușor Dan is extremely close, according to an AtlasIntel opinion poll conducted for
