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EIB is lending 50 million Euro to Transgaz for a new European gas transmission corridor

The European Investment Bank (EIB) is lending 50 million Euro to Transgaz, the national gas transmission company of Romania, to finance the construction of a new European gas transmission corrid...

Mol Group posted a net profit of 823 million USD for Q1-Q3 2017

Mol Group announced its financial results for Q3 2017. With 576 million Dollars delivered in the quarter, clean CCS EBITDA for the first nine months of the year is 12 per cent up from last year ...

E-Distributie Dobrogea invests 12 million RON for the modernization of the Abator primary station in Constanta

E-Distributie Dobrogea has begun an investment project worth around 12 million RON (2.6 million Euro) to modernize the primary station (high/medium voltage) Abator in the city of Constanta.

Romania and Serbia near completion of the 400 kV transmission line between Resita and Pancevo

Romania's national electricity transmission company announced that it has completed the crossing of the border to Serbia with the 400 kV Resita (Romania) - Pancevo (Serbia) transmission line.

E-Distributie Dobrogea invested 1.7 million RON to install separators on nine overhead high voltage power lines

E-Distributie Dobrogea is about to finalise the installation of 1.000 phase separators in nine overhead high voltage power lines in the counties Calarasi, Ialomita and Tulcea, in an investment p...

Enel opened its largest shop in Iasi, in the Palas Mall

Enel opened in the Palas Mall complex its largest store in Iasi and in the Moldova region. Thus, both the household and business customers in Iasi will have a new dedicated sales and information...

Enel: "We are committed to achieve 100 per cent CO2-free power generation by 2050"

Governments and non-state actors need to deliver an urgent increase in ambition to ensure the Paris Agreement goals can still be met, according to a new UN assessment.

Transelectrica inaugurated the Campia Turzii station, fully refurbished with 9 million Euro

Transelectrica inaugurated the 220/110/20 kV Campia Turzii (Cluj County) electricity station, after an investment of about 42 million RON (9 million Euro).

Damages to electricity networks caused by severe weather conditions do not increase the distribution tariffs, says ACUE

Lately, Romania has been confronted with extreme, unpredictable meteorological phenomena that have caused major damages in large areas to electricity distribution networks.

CEZ Group reports EBITDA of 466 million RON in 2016

CEZ Group in Romania reported in 2016 a profit before interests, taxes, depreciation, and amortization (EBITDA) of 466 million RON, eight per cent more than in 2015, the company representatives ...

OMV Petrom starts work on new polyfuel unit at Petrobrazi

OMV Petrom says has started construction of a new Polyfuel unit at its Petrobrazi Refinery. The company says the new unit will allow conversion of LPG components into gasoline and middle distill...

CET Govora reached 30 million RON profit in H1 2017

Heat and electricity producer CET Govora registered a net profit of 30.6 million RON in the first six months of 2017, compared to a net loss of five million RON in the same period of last year....

GE inaugurates its new Bucharest software center to support local growth

GE speeds up growth for its software and digital resources in Romania and kicks off the recruitment campaign for GE Power's Grid Software Solutions (SWS) center in Bucharest. The company intends...

AFEER: Energy price will be higher next year, but not because of the liberalization of the market

The energy price will be higher next year, but not because of the total liberalization of the market as of 1 January 2018, but because of market conditions, said Ion Lungu, president of the Asso...

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Minister Negrescu: Romania is profoundly pro-European, we will be even more significant after Brexit completion

Minister Delegate for European Affairs Victor Negrescu said on Thursday that Romania is a profoundly pro-European state and will become more significant after the Brexit process is completed.

Iohannis: Advanced presence on Eastern Flank must be reinforced, especially in Black Sea

President Klaus Iohannis stated on Monday that the advanced presence on NATO's Eastern Flank must be reinforced.

Former PM Ciolos: We cannot risk Romania's future

Former Prime Minister Dacian Ciolos was present Sunday evening at the protest in Bucharest, on which occasion he argued that he considered joining the manifestations because "a limit is being re...

Iohannis: A significant delay in tax measures would be required

President Klaus Iohannis said that a significant delay in the amendments to the tax legislation would be required, adding that the January 1, 2018 deadline for their application is inopportune....

PM Tudose reaffirms commitment to unconditional partnership with Romanian Army

The government of Romania has always been and will stay an unconditional partner to the Romanian Army, Premier Mihai Tudose said in a message on the National Army Day.

Dragnea: Amendments to the tax code, code of tax procedure to pass under government ordinance

Amendments to the tax code and the code of tax procedure will pass under a government ordinance and will be unveiled after the government meeting, national leader of the Social Democratic Party ...

MAE requests Ukraine to adopt necessary measures so that Romanians learn in their mother tongue

The Foreign Affairs Ministry (MAE) announced that it will continue to take steps with the international authorities to signal the negative impact of the legislative amendments in Ukraine's Educa...

Romania initiates first meeting of EU Council Presidencies' Trio with Finland and Croatia

Minister-Delegate for European Affairs Victor Negrescu has initiated on Monday in Brussels, the first, minister-level meeting of the Trio of Presidencies that Romania is due to commence on Janua...

Iohannis: Romania has made progress with equal opportunities, needs to speed up gap bridging

Romania's President Klaus Iohannis said that although important progress has been made in Romania in terms of gender equality, the country needs to speed up bridging the gaps.

PM Tudose: We will shortly come up with new form of split VAT collection

A new form of split VAT collection, which will respond to the requests made in this period by business representatives, will be presented shortly, Prime Minister Mihai Tudose announced on Monday...

DB: 77 per cent of Romanian IT specialists living abroad consider a return to the country

A study released by DB Global Technology shows that 77 per cent of Romanian IT specialists living abroad consider a return to the country.

Porsche Romania posts 13 per cent increase in sales for all Volkswagen group brands in the first nine months of 2017

Porsche Romania, the largest automotive importer in Romania, closes the first nine months with a 13% increase in sales for all Volkswagen group brands, compared to the same period of last year....

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Editorial
Principles Governing Foreign Investments in Romania

The legal regime of foreign investments in Romania is governed by the principle of equal treatment, which means that, subject to the principle of most-favoured-nation treatment, the same legal framework, princi...

Daily Info
Transelectrica inaugurated the Campia Turzii station, fully refurbished with 9 million Euro
Transelectrica inaugurated the 220/110/20 kV Campia Turzii (Cluj County) electricity station, after an investment of about 42 million RON (9 million Euro).

CTP starts CSR project for the workforce market nearby Bucharest
CTP is starting a social responsibility program that aims to facilitate a series of meetings between high school students and representatives of important companies that are tenants in the parks owned by CTP ne...

Enel and Traian Vuia International Airport in Timisoara launch the first EV charging station in a Romanian airport
Enel Energie and the Traian Vuia Airport in Timisoara inaugurated the first electric vehicle charging station in an airport in Romania, in order to encourage electric mobility and a lower carbon footprint of th...

OTP Bank Romania posted a profit of 6.8 million Euro in the first nine months of 2017
OTP Bank Romania registered an after-tax profit of 6.8 million Euro, in the first nine months of the year, decreasing by three per cent year over year. The bank returned to profit in the third quarter, with fou...

Impact launches Luxuria Domenii Residence with 630 apartments in Bucharest
Impact has launched Luxuria Domenii Residence, a residential project comprising 630 apartments in the north of Bucharest.