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Gas prices in Romania to reach new peak next winter due to soaring oil price, says E.ON

The prices for natural gas will reach new high during the next winter, due to the surge in oil prices, E.ON Romania's CEO Frank Hajdinjak said. cited by Agerpres.

Hidroelectrica received two offers for Vidraru plant retechnologization

Hidroelectrica received two offers for retechnologization of Vidraru plant, according to sources from the Ministry of Energy.

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Energy producers sue Romania at ICSID Washington for reducing subvention scheme in renewable energy

Energy producers from Austria, Germany, the Netherlands, Romania and Cyprus filled a request for arbitration proceedings against the Romanian government at World Bank's International Centre for ...

Consumers will lead the energy market in the future

Interview with Georgios Stassis, Country Manager Enel Romania

ArcelorMittal to sell its Romanian plant in Galati

The Galati-based steel plant of ArcelorMittal is part of the divestment package the company proposed to the European Commission, the executive arm of the European Union. The company needs the gr...

Fondul Proprietatea exits Conpet

Fondul Proprietatea, the fund managed by Franklin Templeton, has sold its minority stake in Conpet, the operator of the oil transport network in Romania.

The electricity and gas distribution networks need over 10 billion Euro investments in the long term, says ACUE

The electricity and gas distribution networks need investments over EUR 10 billion in the long term in order to replace the old infrastructure, according to the members of the Federation of Asso...

Transelectrica opens 400 kV cross-border electricity interconnection between Romania and Serbia

Transelectrica, Romania's state-owned monopoly of electricity transmission, announced that it opened a double-circuit 400 kV electricity transmission line between Resita in Romania and Pancevo i...

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Romania's households pay the lowest gas prices and the 5th lowest electricity prices in EU

The households in Romania paid in 2017 the lowest prices for gas and the fifth lowest prices for electricity among the 28 European Union member states, according to Eurostat.

Electricity consumers to provide guarantees for paying bills, ANRE project shows

Electricity consumers will have to provide financial guarantees for distributors to cover the risk of unpaid bills, Roxana Gheorghe, director with National Energy Regulatory Authority (ANRE), sa...

Hidroelectrica to provide electricity for RATB and Metrorex

Hidroelectrica has won two contracts for providing electricity services to RATB and Metrorex. Both contracts to be carried out for one year starting July 1 implies the delivery of a total of 297...

Rompetrol Rafinare plans investments worth around 56 million USD in 2018

Rompetrol Rafinare, the refining company controlled by KazMunayGas, will propose to shareholders an investment plan worth 56.9 million USD for 2018.

Nuclearelectrica to close for maintenance one nuclear reactor at Cernavoda plant for one month

Nuclearelectrica, the state-owned company that runs Romania's only nuclear power plant at Cernavoda, said on Friday that it will shut down for 30 days one out of the two nuclear reactors in use ...

Nuclearelectrica net profit up 51.7 per cent to 41 million Euro in Q1

Nuclearelectrica, the state-owned operator of the nuclear reactors at Cernavoda, recorded a net profit of 41 million Euro in the first quarter of the year, up 51.7 per cent versus the same perio...

E-Distributie Muntenia to modernise several electricity networks in Bucharest

E-Distributie Muntenia will invest about 6.1 million Euro this year for the modernization of the medium and low voltage grids in Eminescu, Floreasca and Domenii areas in Bucharest, with the purp...

Transgaz starts working on BRUA pipeline Phase 1

Transgaz started today the construction works for BRUA (Bulgaria - Romania - Hungary - Austria) pipeline Phase 1.

Blockchain to fundamentally change the energy market

Blockchain will fundamentally change world markets, including the energy market, Daniel Pintilie, member of the Board of AFEER (Association of Electricity Suppliers in Romania) said at the Regio...

Romania fourth in Europe for natural gas production and reserves, report shows

Romania is on the fourth place in Europe for last year's natural gas production and proven gas reserves, according to a report by BP.

Romelectro signed with Transelectrica the contracts for three new substations in Romania

Following an open tender organized by Transelectrica, Romelectro was assigned the winner for the refurbishing of three substations in Romania, namely Focsani West, Roman North and Bacau South.

E-Distributie Muntenia invested 6 million RON for the modernisation of the electricity networks in Cotroceni area

E-Distributie Muntenia invested approx. 6 million RON for the modernization of the medium and low voltage networks in Cotroceni area, with the purpose to improve the quality of the electricity d...

OMV Petrom Group's profit in Q1 up by 38 per cent to 854 million RON

OMV Petrom Group recorded in the first quarter of 2018 a profit of 854 million RON, up by 38 per cent year-on-year, when it stood at 618 million RON, the company announced on Thursday.

Electricity consumption of Romania's households down 9.2 per cent in Q1 2018, statistics show

Romania'a household consumers used 9.2 per cent less electricity in the first quarter of this year, compared to the same period of 2017, for a total of 2.9 billion kWh, according to the National...

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TransferGo: We will come to a point where money transfers will be dominated by app usage

Cash will become obsolete and this will be the result of digital finance advancement, Marius Nedelcu, Country Manager at TransferGo told The Diplomat-Bucharest.

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ING Bank Romania to accelerate business development through digitization

Customers are increasingly interacting with the bank through its digital platforms and are making more card payments, according to a report issued by ING Bank Romania.

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UniCredit announces updates in the Mobile Banking application

UniCredit Bank launches new facilities in the up-to-date version of its Mobile Banking application to provide customers with a simpler and faster user experience.

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Iulius Mall: 2017 a good year both for office premises delivery and office demand from companies planning to expand

Compared to the other countries in the region, Romania still has some catching up to do in terms of high quality office spaces that measure up to European standards, Laurentiu Manea, Manager Off...

CW Echinox: Green certifications now a standard on the Romanian real estate market

2017 was a well-performing year for Bucharest's office market, with many new occupiers and expansions, and the delivered projects were rapidly absorbed, leading to a significant decrease of the ...

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ESOP: We expect that the green building trend further grows

The Romanian market is one of the most dynamic in the region due to the accelerated development in IT&C, BPO, shared services industries, and to the expansion of research & development centres t...

Conadi: One opportunity for the residential market is to deliver high-quality projects adapted to buyers' needs

Romania's residential market has started to recover, coming closer to normality and likely to achieve its maturity soon, according to Daniela Barbu, Marketing Communications Specialist at Conadi...

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Immofinanz: Constant, visible shift towards energy efficiency on the local office sector

Romania's strong economic growth in 2017 placed the country in a leading position in the CEE region and the trend is expected be sustainable over the next years, Christian Traunfellner, Head of ...

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JLL Romania: 80 per cent of buildings under construction built according to international green standards

Stability and sustainability are the words that can describe the Romanian office market in 2017, according to Madalina Marinescu, Office Department consultant JLL Romania.

Great potential comes with big challenges

The residential market in Romania registered new record investments in 2017, one of its best years so far - and analysts said the trend will continue for sure this year.

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AFI Europe Romania: Romanian office market was exceptionally successful in 2017

The Romanian office market in 2017 was exceptionally successful, fuelled mainly by increased expansions and new entries in the IT&C, BPO sectors, as Tal Roma, Business Development Manager AFI Eu...

Globalworth: The number of green accredited buildings continues to grow every year

Romania today is one of the few economies in Europe that had a consistent expansion over the past six years, outpacing EU average growth, Dimitris Raptis, deputy CEO and Chief Investment Officer...

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Crosspoint: Currently, there is a relatively small number of green office buildings throughout Romania

2017 has been a good year for the office market all throughout the CEE region: low vacancy rates (Bucharest - nine per cent, Warsaw - 14 per cent, Budapest - 9.2 per cent, Prague - 10.3 per cent...

Romanians want more EU efforts for stability in economy and combat of corruption

Romanians want the European Union to put more efforts for the stability of the economy, the reduction of corruption, public policy and education, according to a survey by the European Committee ...

Questionable fiscal policies of government led to hike in inflation and interest rates, says president Iohannis

President Klaus Iohannis says he will attempt to mediate the conflict between government representatives and officials of the National Bank of Romania (BNR).

Political risks in CEE on the rise but no impact yet on local businesses, says Coface

A recently released report by Coface assessing the political risks in the Central and Eastern European countries (CEE) shows that, while social risks are low, due to the favourable macroeconomic...

Romania and US held 6th meeting of the Strategic Partnership Dialogue

The Governments of Romania and the United States of America held the sixth plenary meeting of the Strategic Partnership Dialogue in Bucharest, Romania, on June 19, 2018.

Romanian finance minister sees no crisis around the corner

Romania is not in the situation of being affected by an economic crisis, according to finance minister Eugen Teodorovici.

Pillar 2 is a fundamental tool for pension savings, says Foreign Investors Council

The Foreign Investors Council (FIC), which brings together companies hiring approximately 200.000 people, is worried by possible policy measures affecting the three-pillar pension savings system...

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Fewer Romanians work from home than anywhere else in the EU, says Eurostat

Romania has the lowest percentage of work from home employees in 2017, according to a recent Eurostat study released for Labour Day.

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Editorial

Daily Info
Believe in people's potential
"The greatest danger for most of us is not that our aim is too high, and we miss it, but that it is too low, and we reach it." (Michelangelo Buonarroti) This is my motto that guided me since forever. by Mihaela...

Veeam estimates record growth, one billion USD turnover in 2018
Veeam Software posts another quarterly growth, 21 per cent higher than last year. Overall, the financial performance for 2017 was remarkable, with revenues of 827 million USD.

TransferGo attracts 8.6 million Euro financing for international expansion
TransferGo, the international fast online transfer company, has attracted a round of investment of 8.6 million Euro, which is the biggest amount received in a single financing round by the company. ...

Bucharest Henri Coanda Airport could get a new terminal
A new passenger terminal could be added to Bucharest's Henri Coanda International Airport (Otopeni), as part of an ample development project estimated at over one billion Euro that will also include a platform,...

New Kopel Car to import BYD electric vehicles in Romania
New Kopel Car Import, a SIXT Group Romania company, announced that it became the importer of BYD Electric busses and vehicles in Romania.