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The government of Romania will continue to cap the price for “a large part of the electricity purchased by the Republic of Moldova” from domestic producers in Romania, acting president Ilie Bolojan declared during a press conference held in Chisinau on February 28 with counterpart Maia Sandu, Economica.net reported. The price of electricity provided by…

In a statement after the leaders’ meeting in London on Sunday, March 2, Romania’s acting president Ilie Bolojan said that several aspects were agreed upon, including continued support for Ukraine and strengthened defense in Europe.  “First, until a ceasefire is reached – meaning an armistice is established – financial and military support for Ukraine will…

The Arts Hour on Tour, the BBC World Service arts and culture program that visits cities all over the world, will be in Bucharest next week to record a show on topics relating to the cultural life in the city and Romania. Television and radio broadcaster Nikki Bedi, who curates, writes, and presents the program,…

Romanian prime minister Marcel Ciolacu recently stated during an interview that foreign minister Emil Hureaznu will be replaced if he continues to send messages to private individuals, such as those addressed to Elon Musk, without consulting him. The warning comes after Emil Hurezeanu stated on Saturday, February 22, that Elon Musk’s support for Călin Georgescu…

Romanian state-controlled gas producer Romgaz (BVB: SNG) reported a net profit of RON 3.22 bln (EUR 647 mln) in 2024, up 14.5% compared with the previous year. The company’s revenues went down by 11.9% to RON 7.93 bln (EUR 1.6 bln) because of lower gas prices and lower revenues from electricity sales. The operating expenses…

The Romanian Parliament rejected the no-confidence motion initiated by far-right parties AUR, SOS Romania, and POT against the government led by Social Democrat prime minister Marcel Ciolacu. The motion received 147 votes in favor and one against during the lawmakers’ meeting on Friday, February 28 – a figure lower than the 155 signatures with which…

Nuclearelectrica (BVB: SNN), the company that operates Romania’s only nuclear power plant – Cernavoda, reported a net profit of RON 1.7 bln (EUR 343 mln) in 2024, down 31% compared with the previous year. The company recorded 37.6% lower revenues from electricity sales due to lower average prices, while its production was 2.7% lower than…

In his first press conference since becoming interim president, held on Friday, February 28, Ilie Bolojan said that discussing peacekeeping troops in Ukraine is premature, since no peace agreement was reached. He also discussed increasing Romania’s defense spending, the relationship with the United States, and the reconstruction of Ukraine. The press conference was organised after Ilie…

Investment company Solida Capital Europe entered the Romanian real estate market with the acquisition of the Victoria Center office building from Manova Partners, formerly Macquarie Group. The purchase price has not been disclosed. Victoria Center has a landmark position on Calea Victoriei, in the heart of Bucharest’s CBD. It offers roughly 8,600 square meters of…

Romania’s power grid operator Transelectrica (BVB: TEL) and gas grid operator Transgaz (BVB: TGN) both posted higher revenues and strong profit increases in 2024 as they benefitted from higher regulated tariffs for their core operations. Transelectrica reported a net profit of RON 597 mln (EUR 120 mln) for 2024, 180% higher than in 2023. The…