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Grindeanu claimed that the former cabinet led by prime minister Ilie Bolojan, which the PSD supported until May this year, accumulated unpaid obligations worth RON 35 billion (nearly EUR 7 billion), equivalent to more than 1.5% of GDP, Adevarul reported. The amount reportedly includes unpaid sick leave benefits, outstanding invoices for infrastructure works and salary…

The authorisations are valid for 24 months, Economica.net reported. According to the source, the three photovoltaic parks, with capacities of approximately 155 MW, 69 MW and 63 MW, are all located in the commune of Trivalea Moșteni, Teleorman County. Metka is better known in Romania for having built Petrom’s 860 MW combined-cycle gas-fired power plant…

Its contribution is particularly important as cloudier weather reduces output from photovoltaic installations, which can otherwise supply thousands of megawatts, while wind generation is also limited by weak winds. Gas-fired power plants, including Mintia, are therefore becoming increasingly important at a time when Romania is under an energy alert, the Cernavoda Nuclear Power Plant is…

The minimum wage, however, accounts for roughly half of the average wage – hence half of what is necessary for a decent living. Notably, the necessary revenues are calculated for families that do not own a house – which is the case for, according to Eurostat, only 5.7% of the Romanian population. For the reference…

Radev stopped short of identifying Russia as the party responsible for the attacks, while implying that Bucharest’s accusations against Moscow had contributed to the escalation. “I just want to mention the case of Romania. Romania came forward and said, ‘We have no evidence, but we know very well that Russia is responsible for these attacks…

Russia denied planning or coordinating the September 14 fire at the Carfil industrial platform in Brașov, central Romania, after its ambassador was summoned by the Romanian Foreign Ministry. The diplomatic confrontation followed the announcement by Romanian intelligence that a Russian-coordinated sabotage network was involved in causing the blaze. The Foreign Ministry summoned Russian ambassador Vladimir…

Romanians are the most confident in Europe that they will repay their mortgage early: 62% of people with a mortgage expect to repay it ahead of schedule, compared with the European average of just 25%, according to the latest REMAX Europe study on housing trends. Romania’s residential market stands out for its high level of…

Bucharest’s General Council approved on Tuesday, October 27, the creation of the Valea Saulei (Saulei Valley) Protected Natural Area of Local Interest with 45 votes in favor and one abstention. The site joins Văcărești Natural Park and Petricani Meadow as the Romanian capital’s third officially protected natural area. The decision followed five years of field…

The union at the Romanian state-owned company Oil Terminal (BVB: OIL) are preparing a general strike next month, the company informed its shareholders and investors on the Bucharest Stock Exchange on Tuesday, October 27. The company, headquartered in Constanța, operates one of the largest oil terminals in southeastern Europe, importing and exporting crude oil. The…

International e-commerce group About You announced the launch of its marketplace in Romania on Tuesday, October 27, with more than 1,000 merchants signed up already, according to the company press release. The platform imposes no minimum turnover thresholds or special requirements regarding product ranges. Merchants can complete their registration in just a few weeks and…