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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at [email protected] 

 

RO will cancel CO2 subsidies for industrial groups that cut employment by over 5%

Romania refused to pay the promised CO2 subsidies to "two to three" large industrial consumers that reduced employment.

The authorities will withdraw the subsidies for the recipients that cut their workforce during the program's three-year period, minister of economy and energy Virgil Popescu said, quoted by Profit.ro.

Under a scheme approved by the European Commission, the Romanian Government will disburse EUR 291 million subsidies to companies in energy-intensive, to cover part of their expenditures related to the purchase of green certificates.

Specifically, the financial support will cover 75% of the eligible costs.

The state aid aims to help companies operating in sectors such as aluminum and steel production, including seamless steel pipes, as well as the chemical and petrochemical industry.

(Photo: virgil Popescu Facebook Page)

[email protected]

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at [email protected] 

 

RO will cancel CO2 subsidies for industrial groups that cut employment by over 5%

Romania refused to pay the promised CO2 subsidies to "two to three" large industrial consumers that reduced employment.

The authorities will withdraw the subsidies for the recipients that cut their workforce during the program's three-year period, minister of economy and energy Virgil Popescu said, quoted by Profit.ro.

Under a scheme approved by the European Commission, the Romanian Government will disburse EUR 291 million subsidies to companies in energy-intensive, to cover part of their expenditures related to the purchase of green certificates.

Specifically, the financial support will cover 75% of the eligible costs.

The state aid aims to help companies operating in sectors such as aluminum and steel production, including seamless steel pipes, as well as the chemical and petrochemical industry.

(Photo: virgil Popescu Facebook Page)

[email protected]

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