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.
In a market shaped by shrinking supply, rising capital and shifting global flows, North Bucharest Investments is positioning itself at the center of Bucharest’s next residential cycle. For CEO Vlad Musțeată, 2026 is not a year to watch from the sidelines, but “one of the clearest buying windows of the past decade” for disciplined investors […]
One year after the Romanian Constitutional Court (CCR) annulled the presidential elections and decided a complete rerun, amid a flawed electoral process backed by evidence in a declassified report sent by intelligence services to the state defence council CSAT, president Nicusor Dan announced a detailed report on the developments would be released...
Electrocentrale București, one of the 17 state enterprises shortlisted by the government for restructuring, has launched the tender for a new gas-fired cogeneration power plant in Bucharest South, a project worth over RON 2.1 billion (EUR 400 million). Interested companies can submit bids until February 5, according to
Critical Metals Corp (Nasdaq: CRML), an American company specialising in critical minerals, and Romanian nuclear group Nuclearelectrica (BVB: SNN) announced on December 9 the signing of an agreement for the development, in Romania at Feldioara, of an industrial rare earth processing facility. The planned facilities at Feldioara, where Nuclearelectrica operates its subsidiary Uranium Concentrate Processing […]
One United Properties (BVB: ONE), the Bucharest Exchange-listed developer of residential, mixed-use, and office real estate in Romania, announced the signing of a preliminary sale and purchase agreement for a 34,800 sqm plot of land in “the most desirable residential area of Constanța, on the Black Sea coast.” The land is located in the northern […]
Al Dahra Holding will exit Romania’s grain trading market in 2026, withdrawing from a sector with annual exports valued at about EUR 4 billion, Bloomberg reported on December 9, as cited by Ziarul Financiar. The company’s decision follows sustained pressure on international traders operating in the increasingly...
