European companies face taxes on fuel 18% higher than world average. Romania is above the global indicator

Competition Council tracks oil companies if decreases in fuel prices are according to the fall in crude oil prices

European companies face taxes as a percentage of the price of fuel on average 18% higher than the world average, putting them at a serious disadvantage and potentially risking economic growth, shows a new study by UHY, the international accounting ...

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Eurostat: Romania ranks seventh among the EU Member States as share of renewable energy in final consumption

Romania, second in constructions drop in Q3 2014 – Eurostat

In 2016, electricity generation from renewable sources contributed more than one quarter (30 %) to total gross electricity consumption in the European Union (EU). Hydro power is the most important source, followed closely by wind power and then solar power. ...

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Energy Ministry releases Romania’s energy strategy for 2018-2030 in view of 2050

Romania is not meeting the minimum electricity interconnection target, EC warns

The Energy Ministry has posted on its website, on Thursday, the draft Energy Strategy of Romania for 2018-2030 in view of 2050, document to be approved by Government decision after receiving the environment opinion, ministry sources say. Energy Minister, Anton ...

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Update: Donald Trump sends message to the Three Seas Initiative Summit, vows the United States will remain a strong ally and partner in this Initiative

Update: Iohannis-Trump joint press conference at the White House. US President praises Romania as true ally

The Three Seas Initiative Summit- The Baltic Sea, the Black Sea and the Adriatic Sea- a project that gets together 12 countries (Austria, Bulgaria, Croatia, the Czech Republic, Estonia, Hungary, Lithuania, Latvia, Poland, Romania, Slovakia and Slovenia), is kicking off ...

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Competition body probes into alleged juggles with the price of energy sold by Hidroelectrica

Fondul Proprietatea wants the revocation of four members of Hidroelectrica’s board

Competition Council is investigating Hidroelectrica, under the suspicion of abuse of dominant position. There are suspicions that the state owned company would have avoided the market where the energy price is lower, to deliver energy on the market that boasts ...

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OMV promises EUR 1 bln investment in Romania. What’s the condition?

Investments in the Black Sea oil sector to bring USD 26 bn to the state budget

OMV announced that EUR 1 billion investment is in store in Romania if the country sets up an acceptable regulatory framework for the company’s exploitation project on the Black Sea. Soon after this framework is adopted, the Austria-based gas company ...

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Romania is officially taking over the gas transport network in R. of Moldova

Bulgaria, Romania to build back-up gas pipeline under Danube

The Vestmoldtransgaz takeover by Transgaz has been concluded on September 6, minister of Economy announced, as quoted by Digi24. The deal has been inked in Chisinau after the final documents of the transaction have been signed by the Moldovan authorities ...

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PetrolExportImport to file for insolvency

Romania, among the countries that top insolvency standings

The PetrolExportImport Shareholders General Assembly will discuss, on October 1, the request for opening the simple procedure for insolvency, according to the notification posted on the Bucharest Stock Exchange (BVB) website. The reason is related to the takeover, by Piraeus ...

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