The spot price of natural gas on the Romanian Commodity Exchange (BRM) jumped by 66% y/y to RON 250 (EUR 50) per MWh at the beginning of this year despite the low consumption during the holiday period, according to data presented by Profit.ro. At the same time, the colder winter than last year led to a more accelerated extraction of gas from domestic storage and faster depletion of the reserves. Thus, on January 1, Romania still had 22 TWh or 65% of total capacity stored, 6 TWh below the amount on the first day of last year, of 28 TWh or 83% of total capacity. Last year, the amount of domestically stored gas dropped below 22 TWh only on the last day of January, and not from the first day, like this year. Both higher prices and steeper depletion of reserves might be supported in the future by gas exports to Moldova, which needs supplementary energy resources after Gazprom interrupted the exports to Europe. Romania is currently exporting record quantities of gas to the Republic of Moldova, over 50 GWh/day, equivalent to one-fifth of the current gas production, which amounts to approximately 250 GWh/day.
The famous show "Ovo" ("egg" in Portuguese), created in 2009 by Cirque du Soleil, is scheduled for April 23–26, 2026, at BT Arena in Cluj-Napoca. So far, the classic Cirque du Soleil show has delighted over 7 million spectators in 40 different countries. Despite its age, it has been reimaged, with a new set, acrobatic […]
The state-owned group Electrica is set to list the largest green corporate bond issuance in Romania, worth EUR 500 million, on the Luxembourg and Bucharest stock exchanges. According to the company's press release, the European Investment Bank is one of the key participants in the issuance. Overall investor demand at the final price exceeded the […]
Low-cost airline Wizz Air announced a major expansion of its operations in Bucharest, adding a second aircraft to its base at Băneasa Airport starting this October. The airline will relocate nine routes from Otopeni to Băneasa, five of which will be operated exclusively from the secondary airport. At the same time, six new routes will […]
The annual inflation rate in Romania rose to 5.7% in June, up from 5.45% in May, according to data published on Friday, July 11, by the National Institute of Statistics. It is the highest level this year. The consumer price index, compared to May, was 0.45%. The inflation rate from the beginning of the year, […]
A taxi driver who refused to pick up a passenger at Bucharest’s Henri Coandă International Airport on Thursday night, citing the rule that prohibits the second car in line from leaving the queue, was fined and had his professional license suspended, according to the Romanian Police. Local news channel Digi24...
Local authorities in Buzău County, in the south-east of Romania, announced the opening for traffic of the new bridge over the Buzău River on Friday, July 11. At over 1.3 km in length, it is the second-longest road bridge in the country and is part of the Lot 1 Buzău – Vadu Pașii of the […]
