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 […]

EU investigates gas exports restrictions from Romania

The European Commission has launched a formal investigation on gas exports restrictions from Romania. It will look into whether Romania’s gas transmission system operator Transgaz has been hindering gas exports to other EU Member States and if it has abused a dominant market position. The investigation will focus on allegations that Transgaz has devised a […]

Romanian residential energy efficiency gets €40m boost

Two banks are joining forces to improve the energy efficiency of Romania’s residential building stock. A €40 million (£34.6m) loan from the European Bank for Reconstruction and Development (EBRD) to Banca Transilvania will enable households, housing associations and service providers to make a range of energy saving investments. It comes as part of the EBRD’s newly […]

Argentina and Romania join nuclear group

Argentina and Romania are to become full members of the Nuclear Energy Agency (NEA). Both nations are active players in the nuclear sector, have well established relationships with the NEA and have significant research capacities. The agency, which is part of the Organisation for Economic Co-operation and Development (OECD), expects the deal to be mutually beneficial in a number […]

Romania lent €22m for greener buses

A London-based bank has offered a €22 million (£18.9m) loan to upgrade buses in a Romanian city. The European Bank for Reconstruction and Development’s (EBRD) money will pay for a network of low emission buses, with the aim of curbing pollution and improving infrastructure in Constanta, home to the Black Sea’s largest port. They will […]

EU probes debt write-off for Romanian petrochemical firm

The European Commission has launched an in-depth investigation into Romania’s support for a petrochemical company. It will verify whether debt write-offs by Romania and continued supplies by state-owned enterprises in favour of Oltchim, despite the firm’s deteriorating financial situation, were in line with EU state aid rules. Oltchim is one of the largest petrochemical companies […]

Residential buildings in Bucharest to be energy efficient

Energy efficient improvements are taking place at some residential buildings in Bucharest. The European Investment Bank is helping refurbish houses in the Sector 4 municipality of the city by providing €19.5 million (£15.21m). The loan is the second phase of a €42 million (£32.7m) programme approved in 2014, which is expected to result in around 50% […]