Integrated energy producer OMV Petrom and Romania's main gas supplier Romgaz announced the spud of the first well for development and production of the Pelican South and Domino natural gas fields in the Neptun Deep block, located 160 km offshore in the Black Sea.
The development plan for Neptun Deep includes a total of ten production wells, with four on Pelican South and six on Domino. Production is expected to begin in 2027, contributing approximately 8 billion cubic meters of natural...
The latest Cushman & Wakefield European Luxury Retail 2025 report shows that the European luxury retail industry continued its growth in 2024, albeit at a more moderate pace compared with previous years, while Romania became an emerging luxury market with plenty of room to grow, despite the 120% growth between 2019 and 2023. European luxury […]
The longest summer sledding track in Romania is set to open in the mountain town of Sinaia, some 120 km north of Bucharest, most likely around August 1. The investment is valued at RON 12 million (EUR 2.4 million). The town, which also hosts the famous Peleș Castle, is currently most popular during the winter […]
Commissioners from Romania’s Consumer Protection (ANPC) imposed fines of RON 161,000 (EUR 32,300) on several businesses in Bucharest’s Gara de Nord (North Railway Station) after irregularities were found during inspections. ANPC visited the major transit hub on Thursday, March 27. Aside from the fines, the agency temporarily suspended the activities at a number of establishments […]
Romania will work with Turkey and Bulgaria to monitor compliance with the Russian-Ukrainian 30-day ceasefire in the Black Sea (if it eventually happens), interim president Ilie Bolojan said at the end of the Paris summit of the "Coalition of the Willing." He also said that the decision on "a numerical increase in NATO forces on the […]
Romania’s main natural gas producer, Romgaz (BVB: SNG), plans to pay a dividend with a yield of just 2%, according to Profit.ro quoting a company’s note to investors. The Board of Directors of Romgaz (SNG) convened the shareholders for...
The Romanian hydropower group Hidroelectrica (BVB: H2O) called shareholders on April 29 to approve the distribution of RON 4 billion as dividends, according to a note to investors. The proposed dividend accounts for almost the entire RON 4.1 billion net profit achieved last year. The gross dividend per share is to be set at RON […]
