Category: Uncategorized

Electricity storage facilities in Romania have reached almost 2,000 MWh capacity and almost 1,000 MW power, according to the latest data from Transelectrica cited by Economica.net. More specifically, 989 MW installed power, or more than one-tenth of the country’s peak consumption, and 1,975 MWh capacity as of August 1. This is, however, less than a…

New York-based BasePoint Capital has completed the acquisition of International Personal Finance IPF, owner of Provident Financial Romania, which is active in the non-bank consumer lending market. IPF is now privately owned by BasePoint but remains a UK-incorporated business headquartered in Leeds. There will be no change in how the business operates, no impact on…

Romania’s Parliament has moved to delay the closure of coal-fired power plants by making shutdowns conditional on replacement generation capacity being commissioned, raising the risk of a breach of commitments under the European Union’s Recovery and Resilience Facility (RRF). The Senate adopted the amendments on August 4, with support from the opposition Social Democratic Party…

Timișoara mayor Dominic Fritz will remain in office but have his salary reduced by 10% for six months following a final court ruling that found him in an administrative conflict of interest, Timiș prefect Paul Finta announced on Tuesday, August 4. The sanction has sparked a new political dispute between USR and the Social Democratic…

Major retail chains in Romania are switching off advertising lights at night and limiting the use of air conditioning as part of voluntary measures to reduce electricity consumption during the country’s energy alert. The measures come as the government has called on companies, public authorities, and households to conserve electricity amid pressure on the national…

DP World announced that it completed its first delivery of finished vehicles by rail from Zeebrugge in Belgium to Aiud, Romania, launching a new intermodal corridor between Western and Southeastern Europe. The company plans to develop Aiud into a regional distribution hub for finished vehicles serving Romania and neighboring markets. The initial shipment is destined…

The 14th edition of Haferland Week, a festival celebrating the culture and traditions of Transylvanian Saxons, will open on Thursday, August 6, in ten historic villages in Haferland (the Land of Oats), namely Archita, Viscri, Cloașterf, Bunești, Meșendorf, Rupea, Saschiz, Roadeș, Criț and Homorod. The opening of the event, set to take place in the…

The Bucharest International Ballet Gala will return for its second edition on March 30, 2027, with a production of Swan Lake featuring internationally renowned ballet dancers Iana Salenko and Daniil Simkin. The performance, presented by the Sibiu Ballet Theatre, will take place at Sala Palatului. The event will mark the first time Salenko and Simkin…

Official RetuRO data analysed by Every Can Counts shows an increase from 21.6% in the first quarter of 2024 to 29.3% in the second quarter of 2026. One driver of this growth is the younger generation, drawn to the graphic freedom the can offers and to its infinite recyclability. Since the launch of the Deposit…

Romanian authorities do not currently expect problems with fuel supplies for households, agriculture, or transport companies, interim prime minister Ilie Bolojan said on Tuesday, August 4. His comments came after three government meetings on the country’s energy situation, fuel supplies, and measures to maintain the stability of the national power system. Ilie Bolojan, who is…