Transelectrica

The Ministry of Energy will come to Government with an emergency ordinance by which the repeat offences of energy distributors and suppliers will be punished at the level of the company's turnover, announced, on Tuesday, the Minister of Energy, Virgil Popescu, announced.

Prime Minister Florin Citu said on Tuesday that "all sorts of brave people" from all parties come up with solutions regarding the vulnerable consumer law, but no political leader proposed an extraordinary session for the faster adoption of this piece of legislation. "We have the law of the vulnerable consumer and here again we have to call a spade a spade.

Prime Minister Florin Citu said on Tuesday that energy prices will not be capped in Romania, insisting that Romania needs energy independence. "There is growing public concern over energy prices, especially because the winter season is coming - the payment of energy bills - and so we have to come up with solutions. Of course, the solution to prices cannot come from the prime minister.

The National Company for Energy Transport Transelectrica and the University Politehnica of Bucharest (UPB) have signed a partnership through which they will establish and operationalise DigiTEL, the only integrated digital laboratory in Romania, for testing future technologies from the energy sphere, the company informs.

A commission of European experts will investigate the causes of the incident occurred Friday afternoon in the European power transmission system and which left several areas in northwestern Romania without electricity, sources from the Energy Ministry told AGERPRES. "No one so far knows what the incident's causes are.

Developing local investor community so as to have a much higher participation of the Romanian population in the capital market is the top priority for the Bucharest Stock Exchange (BVB), CEO Adrian Tanase affirmed. "It is very important to have a dialogue with companies and familiarize them with the mechanisms of the capital market so that entrepreneurs fully understand its advantages.

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 prospect of the Bucharest Stock Exchange (BVB) to promote to emerging market status, the diversification of BVB products, the need for setting up the Central Counterparty and the stage of the Sovereign Investment Fund are among the main topics the second Capital Market Forum taking place this Friday in Bucharest will be looking at; the event is organized by the Financial Intelligence econom

Electricity prices on the spot stock market has reached a high of 655 lei per MWh on Monday, very close to the absolute record high, with imports of around 1,200 MW, according to an AGERPRES analysis of data with OPCOM and Transelectrica. Thus, the average price of electricity delivered on Monday is 505 lei per MWh, while the highest is 655 lei per MWh, with a peak-hour average of 622 lei.

Country leader of Oracle Romania Sorin Mindrutescu is accused by the National Anticorruption Directorate (DNA) of bribe taking worth 869,413 euro from the representatives of some companies in the IT area, in return for making available favorable offers on the products marketed by Oracle, for the respective companies to participate in public tenders organized by various state institutions or wit