Energy (all)

Recent Articles

•  

  25.01.2023

  Bulgaria

  Bul­garia 2053 en­ergy out­look: re­new­ables, nuc­le­ar and stor­age

  On 23 January 2023, the Bulgarian Ministry of Energy published its Strategic Vision for Sustainable Development of the Energy Sector of the Republic of Bulgaria, which reflects the national priorities and objectives for the development of the energy sector up to 2053 and addresses European policies and goals while considering the local specifics in the field of energy resources, production, transmission, and distribution of energy. Developed by the Ministry through powers granted by the Energy Act, the document establishes the following main strategic priorities aimed at the development of the...

  Read more
•  

  18.01.2023

  Bulgaria

  Bul­garia to de­vel­op elec­tri­city stor­age to en­hance de­vel­op­ment of re­new­ables sec­tor

  Early 2023 the Bulgarian parliament introduced legislative amendments to enhance the development of the renewables sector. By means of amendments and supplementations in the Energy Act (EA), three major steps were undertaken: the minimum power generation installed capacity (subject to licensing) was increased from 5 MW to more than 20 MW installed capacity; the initial legal framework for electricity storage was introduced; guarantees of origin in the exchange market was introduced. Licensing regime for power plants with installed capacity 20 MW or more As a result of the introduced amendments,...

  Read more
•  

  10.01.2023

  Hungary

  New changes to Act CXLIII of 2015 on Pub­lic Pro­cure­ment (PPA)

  A new amendment to the Hungarian PPA came into force on 1 January 2023. The purpose of the amendment is linked to Hungary's obligations arising from its membership in the European Union. As a consequence thereof, the concept of financial support has been repealed, the wording “Hungary's national security interests” has been modified among the exemptions from public procurement, and the rules on access to documents and on the invalidity of certain grounds for exclusion have also been changed. Repeal of the concept of financial support Prior to the new amendment, the definition of “financial...

  Read more
•  

  09.01.2023

  Romania

  Ro­mania amends the tax law in 2023

  At the end of last year, Romania introduced numerous tax amendments that entered into force on 1 January 2023. The following is a summary of the most important amendments. Government Ordinance 16/2022 approved through Law 370/2022 Government Ordinance 16/2022, published on 15 July 2022, has brought significant changes to the Tax Code. The majority of these changes entered into force on 1 January 2023. On 20 December 2022, Law 370/2022 approving Government Ordinance 16/2022 was published in the Official Gazette. This Ordinance and the approving Law introduce the following key tax amendments: The...

  Read more
•  

  09.01.2023

  Romania

  Ro­mania takes fur­ther steps to pro­mote re­new­able en­ergy use

  The year 2022 brought changes to Romania's renewable-energy sector with the introduction of Government Emergency Ordinance no. 163/2022 (GEO), which clarifies the definition of the prosumer to include the prosumer’s right to store and sell electricity generated or stored to its electricity supplier and/or to consumers connected through direct lines. The renewable energy prosumer facility may be owned by a third party or managed by a third party regarding installation and operation, including metering and maintenance. Amendments were also introduced to Law No 220/2008 on promoting energy production...

  Read more
•  

  06.01.2023

  Romania

  Ro­mania im­poses tem­por­ary wind­fall tax for the oil, gas, coal in­dus­tries and the re­fin­ing sec­tor

  On 28 December 2022, the Romanian Government passed Government Ordinance no.186/2022 (GEO), which introduces taxation of excessive profits generated by companies and permanent establishments operating in the oil, natural gas, coal, and refining sectors. This GEO was mandated by EU Regulation no. 2022/1854 on emergency action to address high energy prices, according to which member states were required to adopt and publish plans to implement temporary solidarity contributions on excessive profits generated by companies and permanent establishments operating in the oil, gas, coal and refining sectors...

  Read more