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Romania may allocate a larger share of this year’s auction for CfD-backed projects to wind farms, energy minister Sebastian Burduja announced, Economica.net reported. A large amount of solar (PV) projects are already financed under the National Resilience Facility (PNRR) and Modernisation Fund, he explained. Initially, the wind and PV projects were earmarked 1,000MW each to…

Located just 30 minutes from Unirii Square, the zero point of Cluj-Napoca, the Colina Nouă complex is an oasis of well-being and a refuge from the urban agglomeration, pollution, traffic congestion which a permanent stress characteristic of the big city.  The Colina Nouă project was built for both Romanian families and expatriates that demand the highest…

Romania’s Treasury is launching new Fidelis issues of bonds dedicated to retail investors, paying 4% for euros and 6% for local currency on the 1-year maturity, coupons likely to result in real ex-post positive gains given the current inflation expectations. The real gains cannot equal those expected by less risk-averse investors willing to place their…

Romania’s gross public debt to GDP ratio reached RON 845.1bn (EUR 170.1bn) at the end of March, according to data published by the Finance Ministry.   The debt-to-GDP ratio was revised downwards to 51.7%, from 52.4% for the end of February and to 49.2% from 49.9% for the end of January, based on the rolling GDP in…

The first poll for the presidential elections carried out after the June 9 local and European elections indicates that prime minister Marcel Ciolacu, the head of the Social Democratic (PSD) party, leads against his main rivals at a substantial margin.  The poll carried out by Sociopol shows Ciolacu at 31%, twice the score of independent…

Nicolae Ciucă, the president of the junior ruling Liberal Party (PNL) argued on June 17 in favor of deferring the presidential elections from September, when they were scheduled under a preliminary electoral calendar, to December.  The statement marks the launch of a bargain between the partners of the ruling coalition in Romania, likely to win both…

In a stunning display of skill and teamwork, Romania triumphed over Ukraine with a decisive 3-0 victory at the EURO 2024. The match, held in Munich, saw Romania’s national team dominate from start to finish, delighting tens of thousands of their passionate supporters who maintained a fantastic atmosphere at the Allianz Arena throughout the match.…

Station Europe, an NGO aiming to bring together leaders and creative minds, announced the formation of the Alliance for Education and Society, in collaboration with 16 educational institutions from various regions of Romania. The Alliance for Education and Society, formed during the first meeting held in Bucharest, is a strategic initiative of Station Europe that…

Daniel Horhogea, a 40-year-old Romanian, has run the distance from Romania to the host country of the UEFA Euro 2024 tournament, Germany. This is the second time that he has chosen to support the national team in this way, after a similar iniviative in 2016.  This year’s journey lasted 25 days and covered a total of…

While the full official results of the June 9 local and EU Parliament elections are not in yet, the list of those formally announcing the intent to run for president or considering it is expanding. Organized every five years, the presidential elections are usually held in December, but this year, the governing coalition made up…