Romania will reach 90 percent gas storage filling by the end of the summer season, and this will help for winter preparations, Franck Neel, OMV Petrom Executive Board member, responsible for Gas & Power, told a press conference on Wednesday.We know that the winters are no longer so cold. The trend is for winters to be milder, but there will certainly be days with peak consumption, when consumption will be very high, but not over the entire winter season. Anyway, we do not anticipate any kind of risk regarding the demand or supply side, neither in Romania nor in the region, said Franck Neel when asked by journalists about the way Romania is preparing for the winter season.According to the OMV Petrom official, the company is required to reach 5 TWh storage stock by the end of the summer, and is currently at 3.2 TWh.We injected a high capacity in July, so we are on schedule, I don't think there will be any problems. Demand in the first quarter was quite low due to the mild winter, but we saw an increase in demand during the summer, which is still good news. It means that industrial production is recovering. Our forecast is stable until the end of the year and we anticipate a fairly good recovery on the Business-to-Business side, which has been a bit behind last year, said Franck Neel.
The forecasts made by managers in the second half of 2024, as expressed in the CONFIDEX study, were more pessimistic than the actual economic reality of Romania. The onset of the year, however, marked by surprising events, international geo-political tensions, and the unpredictability of the upcoming presidential elections in Romania, may heighten the caution levels […]
Arval Romania has recently launched Arval Re-Lease, a new service dedicated to the local market focusing on the leasing of used vehicles that have completed an operational leasing contract. Arval Re-Lease is designed to meet the common needs of companies, offering comprehensive solutions to reduce costs associated with vehicle rental, insurance, and maintenance services. Arval […]
Bogdan Crețu’s novel Mai puțin decât dragostea/ Less Than Love is Romania’s nomination for this year’s European Union Prize for Literature (EUPL). The European Union Prize for Literature (EUPL) recognizes emerging fiction writers from the European Union and beyond. Each year, national juries choose their proposal in a rotating selection of countries participating in the […]
Interim president Ilie Bolojan is attending the European Council in Brussels on Thursday, March 6, to signal Romania’s position in favor of strengthening NATO's European pillar, supporting Ukraine, and increasing defense spending. He also met with several European leaders before the summit, including the next chancellor of Germany. European leaders met in Brussels to discuss […]
Russia carried out 34 hybrid attacks against Romania in 2024, according to a report presented in the Italian Parliament, based on information published by Romanian authorities regarding last year’s annulled presidential elections. On March 3, Italy’s ambassador to Bucharest, Alfred Maria Durande, announced that foreign forces were involved in the 2024 presidential elections in Romania....
Le Bistrot Français, part of the prestigious hospitality associations Relais & Châteaux, has started a collaboration with Chef Tom Meyer, one of the most appreciated French cooks, awarded by the Michelin guide and holding the title of Meilleur Ouvrier de France. Starting Monday, March 3, the restaurant’s menu will bear his signature, marking a special […]
