London-based bank buys 25% stake in Transgaz subsidiary

The European Bank for Reconstruction and Development is investing €20m in Vestmoldtransgaz, the gas transmission company operating the newly-built Ungheni-Chisinau gas pipeline

EU injects €1.4bn of funding into green projects across seven member states

Green infrastructure projects in Croatia, Czechia, Hungary, Poland, Portugal, Romania and Spain will benefit from the EU funding

EU approves Romania’s €53m state aid for EV charging points

The Commission considers the project will encourage a significant uptake of low emission vehicles

Electricity pylons
EU grants €40m for Moldova-Romania power link

The interconnector, scheduled to be completed by 2024, is expected to considerably enhance the stability and reliability of Moldova’s electricity supply

EU seeks views on Transgaz offering to increase gas exports from Romania

The Commission has concerns the state-owned gas pipeline operator may have breached EU competition rules by restricting exports of natural gas from the country

ENGIE gets smart with new investment in IoT company

It aims to strengthen its position on the smart public lighting market

EU investigates Romanian aid for uranium company

State-owned National Uranium Company has been in financial difficulty since the loss of its main client Nuclearelectrica

EU investigates restructuring support for Romanian energy firm

Complexul Energetic (CE) Hunedoara, a state-owned electricity and heat producer, has been in financial difficulty since 2013

Malta, Romania referred to court over alternative fuels infrastructure

The European Commission has referred Malta and Romania to the Court of Justice for failing to notify their national policy frameworks on alternative fuels infrastructure. Member States were required to notify their frameworks to the Commission by 18th November 2016 but the two nations have failed to do so. The frameworks are the main instrument […]

Romania lent €50m for new gas pipeline

A new project aimed at increasing security of gas supply and reducing energy dependence in Europe has been granted €50 million (£44m). Transgaz, the national gas transmission firm in Romania, will use the funds from the European Investment Bank (EIB) to build a 478km pipeline between Podisor and Recas and three compressor stations located in […]