Hungary wants to expand its cooperation with Romania in the gas sector to diversify its energy sources, and relevant companies from the two countries are already negotiating an agreement, Hungarian Foreign Minister Peter Szijjarto said on Monday as quoted by Reuters. Szijjarto stressed that Hungary is interested in cooperation with Romania in the energy field, given that Romania is set to become a net exporter of natural gas in the coming period, with the start of production in a new Black Sea gas field, Neptun Deep. Drilling at the Neptun Deep gas field in the Black Sea, one of the most important gas fields in the European Union, which will double Romania’s production and could transform the country into a net exporter, could begin in a few weeks. “This new field will be the only fresh source of gas in the region that can contribute to energy diversification,” Szijjarto said after signing an energy solidarity agreement with Romanian Energy Minister Sebastian Burduja. “Our companies are already involved in the necessary trade negotiations and we hope that they will reach an agreement that represents progress for both countries,” the Hungarian official added. The Romanian Ministry of Energy has not yet communicated anything about this subject. Hungary has expressed its intention to purchase gas from the Neptun Deep block for years. The Neptun Deep block is owned equally by OMV Petrom and Romgaz.
The Romanian government is expected to decide this week whether to declare Saturday, April 26, a national day of mourning in memory of Pope Francis, who passed away at the age of 88. According to Euronews Romania, the proposal will be discussed and approved during the upcoming cabinet meeting scheduled for Thursday, April 24. The […]
American cryptocurrency-based prediction market Polymarket, a platform where investors can place bets on various future events, predicts that the candidate of the PSD-PNL-UDMR ruling coalition in Romania, Crin Antonescu, is likely to win the presidential elections with his odds at 36%. As regards the first round, Polymarket predicts far-right candidate George Simion (AUR) would dominate […]
Some 51% of the Romanians say they are in favor of progressive taxation of salaries and accession to the euro. Meanwhile, 44% agree with reunification with the Republic of Moldova, according to a recent survey conducted by AtlasIntel for Hotnews.ro. According to the poll, only 4% of Romanians agree with Romania's exit...
BICO Industries, a construction materials producer controlled by the ROCA Industry holding with 60%, has signed a contract with the Environmental Funds Administration (AFM) to finance the construction of a factory for the production of non-woven fiberglass material by recycling fiberglass waste resulting both from its current activity (production of fiberglass mesh for reinforcing thermal […]
Biopharma Plasma of Ukraine is reportedly preparing the construction of a factory in western Romania at Oradea, where it would produce medicines by processing plasma, according to Economedia.ro and
Hungarian railway company Train Europe has acquired a 76% stake in Romanian rolling stock manufacturer Petroutilaj-3DRD from French firm Chemins de Fer Départementaux (CFD), Ziarul Financiar reported in April, citing a transaction finalised in January 2025. The acquisition marks a strategic expansion...
