Romania’s natural gas reserves will deplete in 15-20 years, taking into account the current production, consumption and replacement rate of 80 percent, according to estimates in Romania’s Energy Strategy released on the Energy Ministry website. “At the average annual production of the recent years (about 10.8 billion cubic metres) and amidst constant annual decline of […]
OMV Petrom (BVB: SNP) announced it commissioned a new crude oil tank, the largest in Romania, on the Petrobrazi refinery platform “to ensure the smooth operation of the refinery in safe conditions and to ensure the fuel stocks necessary to supply the market in Romania and the region.” “The [green] transition will not happen overnight, […]
BRD Finance IFN, the consumer finance arm of the BRD-SocGen group (BVB: BRD), on the Romanian market for 20 years, is reportedly in the process of selling its entire loan portfolio in Romania with EOS Group among the leading bidders, according to
The construction works index in Romania contracted by 7.1% y/y, dragged down by the unexpectedly sharp 34.1% y/y plunge in the residential buildings segment, according to data published by the statistics office INS. However, the data show significant anomalies. Although the residential segment is reported as not performing recently (particularly since the beginning of 2023), […]
The RO e-Transport system is a key component of the digitisation effort of the National Agency for Fiscal Administration (NAFA). Launched as part of an extensive strategic plan, this system is fundamental to modernising and streamlining tax processes in Romania. By implementing the RO e-Transport system, NAFA's main objective is to reduce the VAT gap […]
Romania recently sent aid to the Gaza Strip through the maritime corridor from Cyprus and the new jetty constructed by the US in the northern part of the Palestinian enclave. The country is also set to receive and treat Palestinian children. Romania’s aid, which includes over 88,000 canned food items, is part of the effort […]
Bucharest mayor Nicușor Dan received donations amounting to EUR 400,000 in the pre-electoral campaign, out of which EUR 100,000 from the Save Romania Union (USR), he explained at a press conference where he evaluated his mandate. Dan is running as an independent for a second mandate, backed by the United Right Alliance (ADU), made up of the […]
