The Company operates in Romania and Moldova, benefiting from stable GDP growth and currency environments. Romania’s GDP is forecasted to grow by 3.8% annually, while Moldova’s is projected at 2.8% between 2016 and 2025. Both countries are expected to outpace the EU27 average growth between 2023 and 2025.
The Moldovan government, initiated accession talks with the EU in December 2023, signaling its commitment to aligning with EU laws and conditions for membership. Efforts are underway to integrate Moldovas energy sector with the EU, emphasizing renewable energy projects to enhance energy independence, often facilitated by EU initiatives.
For instance, two high-voltage network connections are currently under construction between Romania and Moldova, with a projected completion between 2025 and 2027. The alignment of the utility network between these countries could potentially integrate the two markets into a unified power market, which would enable it to leverage its presence in both markets effectively.