So far we have about 500 megawatts of distributed generation projects under implementation, but many more are to come and here we are exploring different financing, purchase and donation options, Ukraine's Deputy Minister of Energy Roman Andarak told the ministerial meeting organised within the framework of the Partnership for Transatlantic Energy and Climate Cooperation (P-TECC) meeting on Wednesday.Ukraine's Deputy Minister of Energy Roman Andarak said Ukraine focused on several directions, explaining that the first concerned physical protection and air defence. The second direction mentioned is infrastructure repair, which according to calculations, an investment of 180 million would reintroduce more than 3 GW of production into the system.Andarak also pointed out that they are also trying to make the system more flexible, more resilient, through distributed generation. So far, around 500 megawatts of different distributed generation projects are being implemented.He underlined that an important area of the ministry's work is to ensure reserve generation for the most critical facilities.Ukraine has received from international partners 16,000 generators for all the country's needs, but the basic needs for next winter are much lower, only 10% of that number.The Ukrainian official mentioned that his country's government has implemented policies not to disconnect companies that purchase 80% of their electricity from abroad.Last but not least, Roman Andarak pointed out that, despite the war, projects are being developed in various fields, including photovoltaic energy and wind farms.The deputy minister explained that due to the massive missile attacks, over 9 GW of generating capacity has been destroyed in Ukraine, which is why there is a significant deficit in the system, amounting to 30% of the necessary energy consumption.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
