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 Romanian Youth Orchestra and the Orchestre National de France, conducted by Cristian Măcelaru, will perform on November 20 at the Radio France Auditorium in Paris. The soloists will be Maria Marica, winner of the 2022 George Enescu International Violin Competition, and Luc Héry, concertmaster of the Orchestre National de France. The program covers works […]
“The Cello Robot” – a Special Artistic Moment at GoTech World 2025 – Blends Art and Technology in a Spectacular Performance GoTech World 2025, the largest B2B expo-conference for IT and digital solutions in Central and Eastern Europe, takes place on November 11–12 at Romexpo, Pavilion B1, bringing together over 100 exhibiting companies that will […]
A Russian drone fell on Romanian territory, in the Grindu area of Tulcea County, approximately 5 km from the border with Ukraine, on the night of Monday to Tuesday, November 10 to 11. The incident was condemned by the Romanian Foreign Ministry, while the president labeled it “an accident.” The drone was most likely part […]
More than 320 items, from the collections of the National Museum of Art of Romania (MNAR), various national and international museums, and private collections, will be included in the exhibition "Romania- Identity Representation of Traditional Dress in Art" ("România – reprezentarea identitară a portului popular în artă"). The exhibition, scheduled to open at MNAR on […]
The net profit of Banca Transilvania, Romania’s largest bank, at the end of September 2025, was RON 2.92 billion (EUR 574 million), 7.9% more than the same period in 2024, a dynamic mainly impacted by the increase of the banking tax, according to the results released on Monday, November 10. Banca Transilvania financed companies with RON 16 billion (EUR 3.15 billion), and the general population […]
Foreign minister Oana Ţoiu announced on Monday, November 10, that the Romanian Senate adopted a bill criminalizing the violation and circumvention of international sanctions against Russia. According to the new law, those who help individuals and companies on the sanctions list will no longer get away with a simple fine but will be held criminally […]
