Author: Alexandru Popescu

Electricity Distribution Romania S.A. (DEER) has signed a significant contract for European funding, totaling 97,896,051.52 lei, for the implementation of the project „Modernization of DEER Telecontrol System. Implementation of ADMS System,” within the framework of the Sustainable Development Program – Priority 4 – Action 4.5 „Smart Energy Systems and Grids.” The project represents a strategic investment aimed at modernizing the operational systems of the electricity distribution network by implementing an advanced ADMS (Advanced Distribution Management System) solution across the company's entire area of responsibility, namely in the 18 counties where DEER provides distribution services. Through…

Rețele Electrice România, part of the PPC group, continues to invest in the digitalization of the electricity distribution network and is launching on the electronic public procurement platform SEAP, for the acquisition and implementation of an integrated geographic information system of the GIS&Topology type, intended for advanced modeling of the electricity distribution network, the company announced. The project aims to modernize the existing digital infrastructure and replace the current GIS system with a high-performance platform capable of supporting the company's operational and strategic requirements in an ever-evolving technological and cybersecurity context. „This project represents an essential step in accelerating our digitalization process and in building a...

CITR, the judicial administrator of the Mangalia Shipyard, informs that the creditors' assembly has rejected the proposed reorganization plan for the company. The decision marks the shipyard's transition to the bankruptcy stage, during which current operations will be gradually halted and liquidation procedures will be initiated in accordance with applicable legislation. The reorganization plan put to a vote aimed to identify a strategic investor to take over the shipyard's operations and secure the necessary financial resources for its relaunch. The rejection of the plan by the creditors obliges the judicial administrator to notify the court, which will decide on the opening of bankruptcy proceedings and the subsequent steps...

The Agency for Rural Investment Financing (AFIR) has launched the Applicant's Guide for supporting investments in renewable energy for self-consumption by agricultural and food industry enterprises for public consultation, in view of opening a new funding application session. „We are preparing a new session for submitting funding applications through the energy scheme for farmers and agro-food industry processors, with an increased total budget of 200 million euros. More specifically, we are talking about funding with 100%% non-reimbursable funds for investments in green energy production capacities for the self-consumption of agricultural holdings and processing units,” stated...

The International Monetary Fund (IMF), the World Bank Group, and the International Energy Agency (IEA) will collaborate to address the economic consequences of the war in Iran, Reuters reports. The three organizations have agreed to exchange data, coordinate policy advice, and mobilize relevant stakeholders to support countries in need of assistance, according to a joint press release published on Wednesday. They will also assess the potential financing needs of countries, according to Agerpres. „The impact is substantial, global, and highly asymmetric, disproportionately affecting energy importers, especially low-income countries,” stated the heads of the three...

Romania already has a „national project” represented by its accession to the OECD, which is in its final phase, and the next strategic objective will be the adoption of the euro currency, after balancing the economy and reducing the major fiscal deficit, stated on Thursday the governor of the National Bank of Romania, Mugur Isărescu, according to Agerpres. „We have a national project. Even though I keep hearing that we don't have a national project. We have, in fact, a national project, the one we are currently working on and which is dominated by Romania's entry into the OECD. Well, if this isn't a national project!" [There are] about 30-40 milestones, someone will have to...

Seven EU countries, as well as other European states outside the union, have already decided on substantial tax cuts – excise duties and VAT – to limit the impact of the fuel crisis on economies and consumers. Italy, Portugal, Slovenia, Hungary, and Spain were the first EU member states to decide to reduce excise duties on petroleum products, and Ireland recently joined them. In addition, Spain also reduced the VAT rate on gasoline and diesel from 21%to 10% , according to Adina Vizoli, Partner, PwC Romania, in a new analysis. Italy achieved the most substantial reduction in excise duties, by 30% on both...

PPC Blue Romania, part of the PPC group in Romania, won the tender organized by 01 April Bucharest Airports National Company to install 7 ultra-fast charging stations for electric vehicles at Henri Coandă International Airport, Bucharest. The agreement provides for the commissioning of the stations, each with a power of 200 kW, by June 29th of this year. The stations will each have two charging points and will be located in the parking lot near the Departures Terminal, offering electric vehicle users a quick and convenient charging solution. The contract, awarded following the tender carried out through the Exchange...

Europe must have common energy policies because, if we remain stuck in very local regulations, in opinions focused on national interests, we will lose this opportunity to have a robust, welfare-oriented Europe, said Alessio Menegazzo, CEO & country manager of PPC companies in Romania, on Tuesday. „If we go back in time, we see that one of the founding pillars and visions of the European Union had defense and energy at its core. (...) I truly hope that this time we will learn the lesson. I truly hope that this time Europe will be a little more authoritative in..."

The year 2026 marks a significant milestone in the taxpayers' relationship with the tax administration, as the Single Declaration (i.e., Form 212) is going through a wide modernization process this year, aimed at simplifying the declarative obligations and reducing the technical or bureaucratic barriers that have accompanied this approach in recent years, say Corina Mîndoiu, Partner, Income Tax and Social Contributions and Mădălina Damian, Manager, Income Tax and Social Contributions, EY Romania. For the first time, the Single Tax Return no longer has as its starting point a PDF form to be filled in from scratch by the taxpayer. The tax authorities are introducing the pre-filled version, in which...