The two Romanian gas producers, Petrom and Tomgaz, have limited the gas quantity delivered to the market, so the price has gone up and suppliers must import more gas from Russia, which is more expensive, the CEO of Engie Romania, Eric Stab, said on Tuesday. He explained that all of these will be reflected in the bills that are paid by the final consumers, which will have to be increased by the National Regulatory Authority for Energy (ANRE). “The price of gas on the market is rising due to several causes. Firstly, this occurs as a result of the fact that imported gas is more expensive, but also because there is not enough gas on the market put up for sale by the Romanian producers, Petrom and Romgaz. They simply say that they are out of gas,” Stab said. The Engie Chairman showed that the obligation of all suppliers to store gas for winter is added to these. “We hope that there will be more gas on the market in the first quarter of next year, because otherwise we will be forced to import even more, and the import price is rising, being linked to the oil quotations,” he said. Stab explained that this is also caused by the high prices on the energy market, which determined Petrom and Romgaz to direct more gas from their own production to the plants that they own in Brazi and Iernut respectively. The head of Engie declined to say what the price of the imported gas due to be delivered in winter, but he specified that he presented the ANRE the documents showing that the final price will have to be increased. Asked if Romania will have enough gas this winter, the Engie official replied: “I do not know, it depends on the winter, only God knows.” “We must be prepared. The Government must have an emergency plan, that will tell us what to do and how to intervene if need be, a plan which does not exist now,” he added.
Exim Banca Românească continues the savings campaign under which it pays attractive interest rates, above the market average, for new deposits in lei and euro, over 7 months: interest rates of up to 7.20% per year for lei and 2.50% per year for euro. The offer is available both for the PLUS deposit in lei, […]
In a telecom market shaped by economic pressure, fierce competition, and rapidly evolving consumer habits, Orange Romania is betting heavily on network leadership as its defining advantage. With the largest 5G spectrum investment in the country’s history - around EUR 265 million - the company is doubling down on speed, coverage, and long-term infrastructure at […]
The Romanian job market was marked by extremes in 2025, according to an analysis by employment platform BestJobs. In some sectors, job-seekers dictated the rules, while in others they fiercely competed for a limited number of positions, giving employers the upper hand. In the IT sector, the limited number of available positions led to a […]
Poiana Brașov, a popular mountain resort in central Romania, will host a new winter event format starting in 2026, as Untold Universe launches Massif Week, scheduled to take place between February 27 and March 8. The initiative is designed to diversify the resort’s winter offering and extend the tourist season through a series of indoor […]
A memorial march will take place in central Bucharest on December 21 to mark the victims of the 1989 Revolution, which led to the fall of communism in Romania. The march will follow the Victory Square – University Square – Revolution...
Cushman & Wakefield Echinox announced the completion of the sale of the Zenith Conference & Spa hotel in Mamaia, one of the top hospitality units on the Romanian seaside, to the owners of Steaua de Mare Hotels & Resorts, based in Eforie Nord. The property was previously controlled by the RC2 investment fund and Antares […]
