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The most severe scenario presented by the latest edition of PNRR Monitor compiled by an independent platform supported by Save Romania Union (USR) regards the failure of two or more key reforms, along with the failure to complete major investments. Under this scenario, the estimated losses exceed EUR 2.5 billion out of a total of…

Romania’s general government debt increased by RON 22.5 billion (EUR 4.3 billion) in May to RON 1.19 trillion (EUR 227.5 billion) at the end of the month, according to data published by the Finance Ministry. The debt-to-GDP ratio rose by 1.2 percentage points during one month only, from 60.2% at the end of April to…

The multi-story parking facility outside the Arrivals Terminal at Bucharest’s Henri Coandă International Airport temporarily closed on Wednesday, August 19, for major structural work. Access will remain restricted until the investment is completed in early 2027, according to the Bucharest Airports National Company (CNAB). “Starting Wednesday, August 19, the Arrivals parking facility will temporarily close,…

Romania’s Romgaz (BVB: SNG) expects its new 430 MW gas-fired power plant in Iernut to synchronise with the national grid and inject its first electricity by the end of 2026, with construction expected to accelerate from September, Chief Executive Officer Răzvan Popescu said during a conference call with analysts. The company has not yet set…

Romania has sufficient domestic generation and import capacity to compensate for the shutdown of reactor 2 at the Cernavodă nuclear power plant, with authorities expecting no major problems in meeting electricity demand this week, the Ministry of Energy said. The comment regards electricity availability and not the prices, which are expected to increase at the…

Romanian political parties are set to hold a new round of negotiations on the unitary wage law at Cotroceni Palace on August 20, as the government faces an end-August deadline to adopt the legislation and secure EUR 770 million in National Recovery and Resilience Plan (PNRR) funding, official sources told News.ro, as reported by Digi24.…

Romania’s largest refinery, Rompetrol Rafinare, controlled by KazMunayGas International) announced that it managed to optimise its power consumption during the peak hours so that its 80 MW power plant can deliver 13 MW to the national power grid during 19:00-23:00 instead of 8-10 MW before, according to a press release cited by Profit.ro. The region…

Romania will allocate EUR 150 million for new stand-alone battery energy storage facilities connected directly to the national power grid, interim prime minister and energy minister Ilie Bolojan announced. Companies can receive up to EUR 15 million in non-repayable funding under the program. The applicant guide for the investments, financed through the Modernisation Fund, was…

HORIZON CITY, the residential project developed by British investor Ghai Sant Ram in northern Bucharest, has secured EUR 36.5 million in financing from Libra Internet Bank. The total investment exceeds EUR 130 million. The financing provides the necessary resources for the building process independently of the pace at which advance payments are collected from buyers under…

Romanian investment management company SAI Globinvest listed its second ETF on the Regulated Market of the Bucharest Stock Exchange on Tuesday, August 18. The ETF, listed under the ticker symbol GIBXTETF, aims to fully replicate the structure of BVB’s reference index (BET-XT). Launched by BVB in 2008, BET-XT is a price index that tracks the…