The amendments to the Offshore Law, expected to unlock the natural gas projects in Romania's Black Sea perimeter, are likely to climb up fast in the agenda of the lawmakers after President Klaus Iohannis mentioned the energy independence (besides larger defense spending) as a strategic medium-term target. Iohannis, indeed in his speech on March 1, mentioned the nuclear and renewables sectors as elements of energy independence, but natural gas is a key transition element, and possibly the role of coal as a "resource of last resort" will be slightly reviewed. Romanian Senate's speaker Florin Citu, who also leads the junior ruling Liberal party PNL, on March 2 expressed support for the new Offshore Law drafted by the Ministry of Energy (that his party is managing) and mentioned a 60:40 split between state and field operator, of the gains generated by the Black Sea natural gas. Florin Citu said that "PNL supports the variant already presented by the Ministry of Energy, with 60% of the revenues going to the Romanian state, 40% to the other parties," News.ro reported. He also said that this was the starting point for further negotiations. Black Se Oil and gas, a Carlyle investment fund company, is close to starting gas deliveries from the field it operates in Romania's Black Sea, but OMV Petrom has been more cautious with its investments in its Neptun Deep perimeter: the investment decision is going to be deferred for 2023 unless the lawmakers move fast with the Offshore Law, its management warned.
The service center for the banking Societe Generale Group, the Societe Generale Global Solution Centre, announced the appointment of Laurent Mirjol as Chief Executive Officer, effective June 1, 2025. The new CEO will oversee the activities and develop the strategy of Societe Generale Global Solution Centre Romania. With over 20 years of experience in the […]
During a press conference held on Monday, July 14, Romanian president Nicușor Dan defended the recent tax hikes enacted by the government, underlining the need to reassure creditors and lower the country’s public debt. Nevertheless, he said that the VAT increase was decided by the government. In the presidential campaign, then-candidate Nicușor Dan promised to
The famous Pompidou Center in Paris will organize a retrospective of the complete works of Romanian director Radu Jude between September 23 and October 11. The retrospective brings together films made over twenty years by the prolific Romanian director. The event will open and close with two of the most recent films, namely “Kontinental 25” […]
Romanian president Nicușor Dan presented the expenses incurred in the electoral campaign and who the main donors were during a press conference on Monday, July 14. Over the first and second rounds of the presidential elections, Dan's campaign spent over RON 60 million (EUR 12 million), and the biggest individual donors were Măriuca and Florin...
Haleon, a global leader in consumer health, has appointed Wael Kaskas as General Manager for its Hungary, Romania, Czechia, and Slovakia cluster. With a strong background in FMCG, consumer healthcare, and supermarket retail, Kaskas brings extensive experience in managing billion-dollar portfolios and leading business transformations, the company said. Before this role, Kaskas was responsible for […]
Vadoo Fest returns on August 21–24 to the meadows of Vadu Oii, Buzău County, with a new edition that invites participants to slow down and reconnect. Now in its seventh year, the festival promises a special experience rooted in nature, music, and human connection. This year’s line-up blends depth and groove, featuring Grammy-winner Judith Hill, […]
