Florentina Cernat

Transelectrica reduced its electricity transmission tariffs by 1.96pct as of January 16, 2020, as a result of a cut in the contribution paid to the National Energy Regulatory Authority (ANRE) from 2pct to 0.2pct of the business turnover, according to a report submitted on Friday to the Bucharest Stock Exchange (BVB).

The Regulatory Committee of the National Energy Regulatory Authority (ANRE) approved on Monday two orders required for the coupling of Romania's intraday electricity market to the markets of the neighboring countries, ANRE said in a release.

Transgaz has already completed 330 kilometers of the National Gas Transmission System on the Bulgaria-Romania-Hungary-Austria corridor (BRUA) gas pipeline, a strategic project for the Romanian economy, said on Thursday Prime Minister-designate Ludovic Orban, who attended the inauguration of the gas compressor station in Podisor.

The Competent Authority for Regulation of Offshore Oil Operations in the Black Sea (ACROPO) has sent Lukoil Overseas its greenlight so the latter may start oil drilling operations in the Trident perimeter of the Romanian Black Sea territorial waters, according to a Facebook post of the institution. "In accordance with the provisions of Law no.

Eastern and Western European states need to cooperate, and the EU should tighten the relationship with the US, because a new global order is about to set in, acting Foreign Affairs Minister Ramona Manescu on Thursday told the Bucharest Forum, an event organized by the Aspen Institute and the Bucharest Office of the German Marshall Fund of the US.

Discarding the Ministry of Communications would be a mistake, given that it would lead to delays in the digitisation programmes and the loss of a large amount of European funds, said the acting Communications Minister Alexandru Petrescu told AGERPRES on Thursday.

The Competition Council on Tuesday launched the platform "Food Price Monitor," which allows the comparison of more than 30,000 products from 1,700 stores from all over the country, meant to help strengthening competition on this market and cheapening foodstuffs at the most expensive stores.

Romania's natural gas market will be completely liberalised on April 1, 2021, and that of electricity on July 1, 2021, with regulated prices to be eliminated even for household consumers in order to boost market competition, Vice-President of the National Energy Regulatory Authority (ANRE) Zoltan Nagy-Bege said Monday.

Romania is facing an inflation twice as high as the level considered optimal for this indicator, and this does not depend on the authorities' statements, Adrian Vasilescu, strategy consultant with the National Bank of Romania (BNR) told a profile conference on Wednesday. "Inflation strikes without taking into account what the Government says, what the companies say, what the population wants.

Romania has an European funds absorption rate of 32 per cent, for the 2014-2020 programming period, which is below the European average, Minister of European Funds Roxana Minzatu told a press conference on major infrastructure projects on Wednesday .