Romania Energy Watchdog Postpones Household Gas Price Hike
Romania’s energy sector regulator ANRE has postponed a decision to raise the price of natural gas delivered to household consumers by 6% as of October 1 until the Parliament adopts amendments to the energy law.
The parliament this month is expected to adopt a government emergency decree amending the country’s law on electricity and natural gas. Amendments include new price calculation methods for natural gas that the energy watchdog will have to include in its own norms.
ANRE vice-president Emil Calota said household gas prices would rise by 6% on average starting October. (puterea.ro)
Romania Impressed By Poland’s Strategy
Romanian authorities plan to promote a part of the elements of the development strategy drafted by the conservative government in Warsaw, according to an article published by Polish daily Rzeczpospolita.
Romanian authorities are interested, among others, in measures targeting the regulations simplifying the start of a business, as well as a program supporting innovation.
Romania also plans to establish a sovereign investment fund, following the model of the Polish Development Fund. (cotidianul.ro)
President Iohannis Says Recent Evolution Of Romanian Economy “Offers Encouraging Signs”
President Klaus Iohannis said he is pleased with the evolution of the Romanian economy, pointing out that the “recent evolution shows encouraging signs”.
Over the last years, Romania has made significant economic progress, registering record economic growth and a nearly 30% higher volume of the foreign investment flow in 2016, which confirms the attractiveness of the Romanian economic environment. (romanialibera.ro)
EU Approves Financing for Bucharest Subway Line Extension
The European Commission on Tuesday approved the investment of EUR251.8 million from the EU’s Cohesion Fund into extending Bucharest’s fifth subway mainline that connects the western part of the city to the city center.
“Thanks to the European Union, Bucharest will have a modern subway network. This will have a positive impact on the city’s air quality, local companies, tourism and denizens of those city areas along the new underground transport mainline,” said EU Commissioner for regional policy Corina Cretu.
Once works are completed, the new subway line will link the west of the city from Raul Doamnei station to Eroilor station in the city center. The line will be 7 kilometers long, with 10 stops and one depot.
The subway line extension will benefit over 64,000 citizens in Bucharest, allowing them to get from the west to the city center in less than 15 minutes. Works are scheduled to be completed in June 2018. (romanialibera.ro)