Romanian gas producers will no longer be taxed based on the reference price of the Vienna gas market, but the Romanian market price will be take into consideration, the Acting Minister of Energy, Virgil Popescu, declared on Wednesday, during the Focus Energetic conference."We have a complicated winter as a result of market turbulence. I am convinced that we will get through it fine, the stocks are within parameters. There are gas stocks of 2.2 billion cubic meters, coal is also within limits, as well as water reserves from the lakes," Popescu said.According to him, Romgaz production has gone up by 20%, but OMV Petrom reported a drop well below the natural decline limit.According to the financial results, OMV Petrom gas production has gone down by 11% during the first 9 months."Unfortunately, the other large producer had a drop and I am asking for measures to be taken regarding the cause. It cannot drop that much. We understand that there is a natural decline, but the drop should be within limits, and OMV Petrom's production drop is well beyond the natural decline limit, even if we do understand that there are distortions in the market," Popescu continued.He showed that he does not believe it is normal for Romanian producers to pay taxes based on the gas price in Vienna and that he will change this."I talked with the Prime Minister and the Minister of Finance and we will adjust this, so that the price in Romania to be a reference price, but I want good faith from Romanian producers for stabilizing the production and increasing it," the Government official also said. (Photo:https://www.facebook.com/photo/?fbid=443522297129104&set=pb.100044140131007.-2207520000..)
The exhibition RomanIa – Identity representation of traditional dress in art, currently on view at the National Museum of Art of Romania (MNAR), gathers a variety of artistic representations of the traditional blouse ia, from painting and sculpture, to drawing, photography, installation, film, music, posters, fashion, books, albums, and more. It includes works by Henri […]
Over 136,000 non-EU citizens held residence permits for employment in Romania at the end of August this year, most of them coming from Nepal, Sri Lanka, Turkey, Moldova, and India, and two out of three immigrants live in Bucharest, Ilfov, Constanța, Timiș, and Cluj, according to a study conducted by the Economic and Social Council. […]
Romanian prosecutors conducted house searches in 12 locations in Bucharest and two in Târgu Mureș on Wednesday, November 26, in a case targeting former employees of bankrupt insurer Euroins. Specifically, the searches targeted 10 individuals who held executive management positions within Euroins, as well as the headquarters of legal entities controlled by the Bulgarian shareholders […]
Prices in Bucharest’s premium residential market have doubled over the past few years, reaching record highs amid a severe shortage of supply in the city’s most exclusive neighborhoods, Cushman & Wakefield Echinox said. Areas such as Primăverii, Kiseleff, Aviatorilor, and Dorobanți continue to dominate demand. Over the past 2 or 3 years, prices for premium […]
The Romanian Consulate in New York shared on social media the story of George Pomuț (George Pomutz, born Gheorghe Pomuț), the Romanian-American who facilitated the sale of Alaska to the US. Despite his role in US history, the Romanian is largely unknown today, the Consulate noted. Pomuț was born in the Hungarian town of Gyula, […]
Shares of Cris-Tim Family Holding (BVB: CFH) began trading on the Bucharest Stock Exchange on November 26 after an IPO worth RON 454.35 million (EUR 89.3 million) conducted last month. Cris-Tim is now the largest entrepreneurial company in the food sector on the BVB Main Market. The funds raised from institutional and over 8,000 retail […]
