It is not normal for Eastern Europe to pay much higher energy prices than Western Europe, as it has happened in recent months, and this is why we have asked the European Commission (EC) for a fair treatment and a functional energy union, Energy Minister Sebastian Burduja wrote on Wednesday on Facebook."As I promised on September 12, I officially asked the European Commission, alongside my Greek and Bulgarian counterparts, for fair treatment and a functional energy union. It is neither fair nor normal for Eastern Europe to pay much higher energy prices than Western Europe, as it has repeatedly happened in recent months. There are two causes for this: the lack of interconnections in central Europe (especially Austria and Slovakia), which means that the flow of cheap energy produced in the West practically stops in Austria and Slovakia; and the additional demand for energy from the Republic of Moldova and Ukraine, which puts additional pressure on prices in our region. I said it clearly yesterday in Warsaw too: we respect the common European single market obligations, but we demand equal rights too. There can be no development without safe and accessible energy. The well-being of our citizens and the competitiveness of the economy, wages and jobs depend on it. That is why we have tried to keep the prices capped for consumers, putting in all our efforts, but we cannot tolerate the inequities on the European energy market," Burduja wrote on Facebook.According to him, at the joint request of Romania, Greece and Bulgaria, which has already been accepted by the European Commission, "we will present the situation and ask for offset measures at the next meeting of the EU Energy Council, which is due in Luxembourg on October 15", because "the truth must be told, and Romania will not be silent in the face of injustices." (Photo:https://www.facebook.com/)
Romania’s central bank (BNR) on November 12 decided to keep the monetary policy rate at 6.5%, in line with the consensus expectations. It has also updated the Inflation Forecast, anticipating a widening aggregate demand deficit with an impact on the disinflation trajectory, particularly after the end of September 2026, when the transitory inflation episode subsides. […]
Dominic Fritz, the mayor of Timișoara and leader of the Save Romania Union (USR) party, announced on Thursday, November 13, that he has passed the interview required to obtain Romanian citizenship, receiving a positive decision from the authorities. Born and raised in Germany, he has lived in Romania for more than two decades. Fritz shared […]
Lion’s Head Investments, part of AG Capital, has officially started the construction works for Lion’s Head Logistics Park - the company’s first such project in Romania. The development will span over 85,000 sqm in Popești-Leordeni on the outskirts of Bucharest, with an investment of EUR 65 million. The investment is supported by the International Finance […]
ASSIST Software, a Romanian technology company leading in artificial intelligence and defence simulation, joined senior officials and industry leaders at the Conference on Defence Industrial Cooperation between Germany and Romania. Organized by AHK Romania under the patronage of the President of Romania, the event on November 10 highlighted Romania’s growing role as a strategic technology […]
Radisson Blu Hotel, Bucharest, Romania’s largest five-star hospitality complex and a flagship property within the Radisson Hotels portfolio, has been recognized with multiple international and national awards, underscoring its continued commitment to excellence, innovation, and guest satisfaction. At the 32nd Annual World Travel Awards – Europe Gala Ceremony, held in Sardinia, Italy, Radisson Blu Hotel, […]
The public is invited to discover a spectacular festive concept inspired by the charm of the Victorian era Corinthia Grand Hotel du Boulevard will officially start the winter holiday season, lighting up Bucharest’s first Christmas decorations on 24 November at 7:00 PM, symbolically marking the opening scene of the city’s festive celebrations. The hotel transforms into […]
