Representatives of the Ministry of Energy are working, together with all relevant authorities, to create legislation that will ensure full compliance with the sanctions regime established by the United States regarding the Lukoil company and for the continuity of Petrotel Ploiesti's refining activities for the marketing of petroleum products, Energy Minister Bogdan Ivan announced on Tuesday evening."We protect Romania's energy security and firmly apply the international sanctions targeting Lukoil. My colleagues in the Ministry of Energy continue to work, together with all relevant authorities, to create legislation that will ensure, on the one hand, full compliance with the sanctions regime established by the United States, and on the other hand, the continuity of Petrotel Ploiesti's refining activities, as well as the marketing of petroleum products, without jeopardizing the supply of the national fuel market. I say it bluntly: I will not request an extension of the November 21 deadline set by the American authorities," the minister wrote on his Facebook page.He added that he would support the replication and uniform application of the sanctions initiated by the US throughout the European Union.The minister also stressed that "Romania must take control of the company" to guarantee the full implementation of international measures, to protect the jobs of the 5,000 employees and to ensure the stability and security of the national energy system.The United States Treasury Department announced sanctions on October 22 against the two main Russian oil companies, Rosneft and Lukoil, in response to "Russia's lack of serious commitment to a peace process to end the war in Ukraine.""Given President Putin's refusal to end this senseless war, the Treasury is sanctioning Russia's two largest oil companies, which fund the Kremlin's war machine," Treasury Secretary Scott Bessent said in a statement.The two companies were already sanctioned by the US, but this time the sanctions were extended to subsidiaries and affiliated companies in which they hold a stake of more than 50%, directly or indirectly.
CATANE, the feature debut of director Ioana Mischie, has received an international nomination at the prestigious Hollywood Music in Media Awards for its original score composed by Emiliano Mazzenga. The film’s music has been selected among the top five film scores worldwide in the International Independent Film category. The film is the first Romanian production ever […]
Moldovan prime minister Alexandru Munteanu arrived in Bucharest on Thursday, November 13, for his first official foreign visit since taking office. He met with president Nicușor Dan and Romanian counterpart Ilie Bolojan before visiting the Parliament, where he met with the president of the Senate, Mihai Abrudean. After the first meeting, president Nicușor Dan stated […]
Bucharest maintains a steady flow of new office developments, with nearly 170,000 square meters of projects scheduled for delivery between 2026 and 2027, according to the latest Bucharest Office Marketbeat Q3 2025 report from Cushman & Wakefield Echinox. Despite a 25% drop in total leasing activity compared to last year, demand remained solid, with companies […]
The number of Romanians seeking work abroad has fallen to its lowest level in five years, according to new data from leading online recruitment platform eJobs. So far in 2025, only 106,000 applications were submitted for jobs outside Romania out of a total of 9.8 million, representing just 1.1% of all job applications. Employers abroad […]
Four young Romanians from Prahova County created Youllgetit.eu, a platform containing a database with thousands of internships dedicated to students in Europe. The youths are former members of the RO2D2 robotics, and are now students at top universities in Romania, Switzerland, Germany, and the Netherlands. Luca Moșu, one of the creators of the platform, told […]
Banca Transilvania, a leading bank in Romania, and BPC, a global leader in payments solutions, have completed the first Romanian pilot of the EU Digital Identity Wallet (EUDIW) for payments, enabling cardholders to authenticate online purchases with their new European Digital ID. The project forms part of the EU Digital Wallet Consortium led large-scale pilot funded by […]
