Author: Alexandru Popescu

Electro-Alfa International has completed one of the most successful Initial Public Offerings (IPO) on the Bucharest Stock Exchange for an entrepreneurial company in Romania. The amount attracted was around RON 580 million (EUR 115 million), for about 66 million newly issued shares, equivalent to a free-float of 35%. Launched on February 2, the offer was closed early on February 6, due to high demand from investors, both on the retail tranche, where oversubscription was over 5800%, and on the institutional investors tranche. Following the IPO, renowned investors such as the European Bank for Reconstruction and...

The integration into the Organization for Economic Cooperation and Development (OECD) offers Romania a reference framework for structural measures that can bring an additional growth of about 0.8% - 1% of GDP, believes Leonardo Badea, First Deputy Governor of the National Bank of Romania. „OECD membership provides Romania with a robust reference framework for structural measures that can potentially add around 0.8% - 1% of GDP, but this depends on the institutional capacity to internalize these standards and to maintain a predictable macroeconomic environment capable of transforming investor confidence into productive capital in the long run,”...

PPC Renewables Romania, the largest private investor in renewable energy in Romania, will develop a battery energy storage system (BESS) with a capacity of 60.12 MWh at the Sălbatica 1 wind farm, the company announced. The project is worth 68.2 million lei, of which about 9.87 million lei will be provided by European funding through the Modernization Fund. The project is part of PPC Renewables Romania's plan to expand its renewable energy portfolio with projects that can contribute to reducing the shortage of production capacity in Romania and to the stability of the...

The message on the extension of the gas price cap scheme is not the right one, as this means Romania will definitely enter the infringement procedure, said Volker Raffel, CEO of E.ON Romania, according to Agerpres. ”I don't know if the message that the (cap) scheme (will be extended, ed.) is a very appropriate message, because that means Romania is definitely going into infringement. In the economic situation we are in, in which economic growth is based on European funds, I don't think this is the right way forward. The second thing is that if people pay less for...

The Minister of Transport, Ciprian Șerban, announced that two bids have been submitted in the tender for the design and execution of the Fast Danube 2 project, which aims to revitalize the Romanian-Bulgarian sector of the Danube, 470 km long. Today, two bids were submitted in the tender for the design and execution of the Fast Danube 2 project, a strategic investment that will revitalize the 470 km-long Romanian-Bulgarian section of the Danube. It is a clear signal that the market is responding to this major project, with an estimated value of around 170 million euros,” the transport minister said on Monday, quoted by News.ro. Ciprian Șerban...

The European Union has launched the largest pilot line of the European Chips Act, the NanoIC project at IMEC Leuven (Belgium), an important milestone for European semiconductor development and production, reports a press release from the EU executive. With a total investment of €2.5 billion, the project has received EU funding of €700 million, with a further €700 million from national and regional governments and the rest from ASML and other industry partners. NanoIC will accelerate the development of next-generation semiconductor technology, essential for the development of AI,...

The Ministry of European Investment and Projects (MIPE) and the Ministry of Economy, Digitalization, Entrepreneurship and Tourism (MEDAT) announce the timely achievement of Target 267 of the National Recovery and Resilience Plan (NRRP) - a major milestone for the development of the Romanian economy and Romania's integration into strategic European industries, according to MIPE. The target, related to Component C9 - Support for the private sector, research, development and innovation, Investment 4 - Cross-border and multinational projects, aims at Romania's participation in the Project of Common European Interest (PIIEC) „Low Energy Processors and Semiconductor Chips” and was to be completed by December 31, 2025. By this deadline, Romania has fulfilled...

Rompetrol is expanding its presence this year with 13 new fuel stations in Romania, located in areas of interest across the country and on high-speed roads. The first six stations are in various stages of construction, with completion expected in April and opening in June-July, the company announced. „It is a complex project, as we are carrying it out in three separate areas simultaneously, but we are supported by specialized teams with experience in such works. The new stations will ensure an increase in Rompetrol's presence in areas with a strategic role for transportation, in...

More than 801TPTP3T of the approximately 23,000 taxpayers who interacted, in the first week, with the ANAF chatbot in the Virtual Private Space requested information on how to submit the Single Declaration (form 212), announced the National Agency for Tax Administration. Thus, more than 80% out of a total of 23,000 taxpayers who interacted in the first 7 days with the ANAF chatbot in the SPV asked questions on how to file the Single Declaration 212 and other adjacent topics. In this regard, ANAF is clarifying the information of public interest on the topics raised and further encourages taxpayers to request as many...

Finland is once again setting a global benchmark in energy storage with the development of a new generation of sand-based thermal batteries, a technology that fundamentally changes the way heat is stored and released for industrial use. After previous designs based on static storage media, such as starter or fixed sand, the new system introduces a completely different principle: the storage material is no longer immobile, but permanently circulates between two tanks, according to Playtech. This approach turns the thermal battery into a dynamic system, capable not only of storing huge amounts of energy in the form of heat, but also of...