The Commission decided today to send letters of formal notice to Poland and Romania for not correctly incorporating certain aspects of the Offshore Safety Directive (Directive 2013/30/EU) into their legal systems. In this Directive, the EU put in place a set of rules to help prevent accidents and respond promptly and efficiently should such accidents occur. Member States must ensure that companies to which they grant a licence for exploration or production are well financed and have the necessary technical expertise, and that they keep resources available to put them into operation when necessary. An independent authority needs to be in place in order to ensure that safety requirements are respected, as well as an adequate system to handle compensation claims in case of accident. Companies are fully liable for environmental damages caused to protected species and natural habitats. The Member States concerned have two months to address the shortcomings identified by the Commission. Otherwise, the Commission may decide to send a reasoned opinion.
The BET index, which follows the price movements of the most traded 20 companies listed on the Bucharest Stock Exchange (BVB), closed 2024 up 8.78% compared with the end of 2023. The BET closed at its highest end-of-year value since launch (16,720 points) but 11% below its all-time high of 18,800 points touched at the […]
2024 is almost over, and before making any predictions, hopes or wishes for 2025, I will take this moment to look back and remember the pics that stayed with me most in the past months. I will try to go in the order that I watched each, and I also included all trailers below […]
Update: The government will pass the ordinance covering measures aimed at reducing public spending and the budget deficit, prime minister Marcel Ciolacu announced. The PM said the country was facing “a difficult year ahead” and “we must quickly adopt measures that will protect Romania from possible major financial risks.” The tax on special constructions, which […]
The Government is scheduled to meet on Monday, December 30, to discuss the emergency ordinance covering measures aimed at reducing public spending and the budget deficit. The Ministry of Finance published the draft ordinance on Sunday, December 29. It is available here. Among the measures included in the draft ordinance, also known as "the austerity […]
Romania’s Ministry of Finance (MF) raised RON 2.6 billion (EUR 523.1 million) through its sixth Fidelis government bond issuance of 2024, setting an annual record of RON 16.4 billion...
UniCredit Bank, one of Romania's leading financial institutions and a member of the UniCredit Group, has announced the listing of a new corporate bond issue worth RON 750 million (EUR 150 mln) on the Bucharest Stock Exchange (BVB). The bonds, issued under the ticker symbol UCB29, are set to mature on November 22, 2029. The […]
