EC Approves Compensation to Energy-Intensive Companies in Romania

EC Approves Compensation to Energy-Intensive Companies in Romania

05.11.2020

The European Commission has approved, under EU State aid rules, Romanian plans to partially compensate energy-intensive companies for higher electricity prices resulting from indirect emission costs under the EU Emission Trading Scheme (ETS).

Hidroelectrica Minority Shareholder Says Buying CEZ Assets Would Affect Listing Hidroelectrica Minority Shareholder Says Buying CEZ Assets Would Affect Listing

Fondul Proprietatea (FP.RO), which owns 20% in state-owned power producer Hidroelectrica, said Tuesday the government shouldn't approve

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IMF Sees Global Economy Contracting 4.9% from 3% Forecast in April IMF Sees Global Economy Contracting 4.9% from 3% Forecast in April

The global economy is projected to decline by 4.9% in 2020, the International Monetary Fund said in its June 2020 latest World

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ACEA: Commercial Vehicle Registrations In Romania Plunge 40.5% YoY In January-May 2020 ACEA: Commercial Vehicle Registrations In Romania Plunge 40.5% YoY In January-May 2020

New commercial vehicle registrations in Romania declined by 42.5% in May 2020 compared with May 2019, and by 40.5% year-over-year in

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Low Demand Keeps 60,000 Romanian Auto Industry Employees on Furlough Low Demand Keeps 60,000 Romanian Auto Industry Employees on Furlough

Around 60,000 employees in the Romanian auto industry, accounting for roughly a quarter of the total, remain on furlough due to low

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Romania Recycles Just 11% of Waste Compared with 47% EU Average Romania Recycles Just 11% of Waste Compared with 47% EU Average

Romania ranks last but one in the European Union with just 11.1% of waste recycled in 2018 compared with a EU average of 47.2%,

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Transgaz Seeks RON300M Working Capital Loan Transgaz Seeks RON300M Working Capital Loan

Romania's natural gas transmission company Transgaz (TGN.RO) plans to borrow RON300 million for a two-year period to finance its

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Profi Keeps Expansion Pace; Opens 20 New Stores In June 2020 Profi Keeps Expansion Pace; Opens 20 New Stores In June 2020

Grocery retail chain Profi, held by buyout investor Mid Europa Partners, continues its expansion at a regular pace, despite the

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Blue Air Enters Safeguard Procedure Blue Air Enters Safeguard Procedure

Blue Air, Romania's largest private airline, said Monday it was entering safeguard procedures to continue its activity and avoid

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Study: Romania Imports 25,000 To 96,000 Tons Of Vegetable And Fruit Monthly Study: Romania Imports 25,000 To 96,000 Tons Of Vegetable And Fruit Monthly

A study conducted by agricultural cooperative Cooperativa Tara Mea in July 2020 shows Romania’s vegetable imports grew in 2019,

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Analysis

Romanian Households Reach Net Wealth of RON2,157B in 2019 Romanian Households Reach Net Wealth of RON2,157B in 2019

Romanian households’ net wealth reached RON2.157 trillion (over EUR450 billion) at the end of 2019, with real estate assets accounting for 80%, central bank data showed.