Author: yellows
ENERGY CAPITAL GROUP, part of the GÜRİŞ group, one of Turkey's largest investment groups, has begun testing a storage capacity of 196.768 MWh
On Friday, March 27, 2026, the Ministry of Transport and Infrastructure issued the last construction permit for the Cluj - Oradea - Episcopia Bihor railway line, a strategic project worth EUR 2 billion financed by the PNRR, writes TransilvaniaBusiness. The decision unblocks work on the most difficult section of the route, section 3 - Poieni - Aleșd, where Spanish and Turkish builders have to make up major delays to reach the target of 501TPTP3T execution by the end of the summer. „We have succeeded in unblocking this sensitive sector through active involvement in recent weeks, after a design period that took far too long. Our objective is...
The real problem with the 2026 budget is interest on loans, with the public borrowing bill this year totaling around €30 billion, says economic consultant Adrian Negrescu. He explained, in context, that although interest rates are falling, they apply to a larger stock of public debt, and the state is forced to roll over old loans at new, higher costs than five or six years ago. „The real problem with the 2026 budget, however, is interest on borrowing. Borrowing rates have fallen in international markets from 8-9% to an average...
Electrica Group's preliminary net profit was RON 1,218.9 million in 2025, 159.2% higher than the restated profit recorded in 2024 - RON 470.2 million (an increase of RON 748.6 million), and EBITDA (earnings before interest, taxes, depreciation, amortization and depreciation) was RON 2,383.3 million in 2025, 64.5% higher than the restated EBITDA in 2024 (an increase of RON 934.4 million). Operating revenues amounted to RON12,165.3 mln, up by 12.9% compared to RON10,772.8 mln in 2024, the company announced. At the same time, the investment realization rate increased to 110%, i.e. realizations...
Romania must absorb almost 11 billion euro through the NRRP in the next six months, with investment projects completed, accepted and reforms carried out on time, based on the timetable agreed with the European Commission, by the deadline of August 31, 2026, says the Minister of Investment and European Projects, Dragoș Pîslaru. ”AMR 189 days of PNRR: Now or never! In the spring of 2025, approximately €4 billion of the PNRR was spent. Through the efforts and mobilization of the current government in recent months, we have reached €10.15 billion. This means that, together with the ministries and authorities involved, we have doubled the absorption compared to...
Van Oord Dredging and Marine Contractors BV and a consortium of companies coordinated by Concivia have submitted bids for the award of the design and execution works for Fast Danube 2 - Blue Highway. The project, with an estimated value of 170.67 million euro (excluding VAT), aims to improve navigation on the Danube over a distance of 470 km, writes AgendaConstructions. The investment is being carried out in partnership with Bulgaria's Exploration and Maintenance of the Danube River and promises to extend the annual period of navigability from 280 days to around 340 days per year. The two...
The Greenvolt Group, through Greenvolt Power, a global developer of large-scale wind, solar and energy storage projects, has secured €58.5 million in financing from Erste Group Bank AG and Banca Comercială Română (BCR) to support the development of a 49.8 MW onshore wind project located in Săcele, in the Dobrogea region of south-eastern Romania. The financing supports the continued development of the project, with construction works already underway and expected to be completed in the second quarter of 2026. Once operational, the wind farm will add additional energy capacity...