The payment of Russian gas in rubles means a breach of existing agreements, and if Russia decides to suspend deliveries, then the European Union is ready to deal with the situation, said the European Commissioner for economy, Paolo Gentiloni, who attended a conference organized by The Economist in Bucharest on Tuesday.Asked if the EU is ready to pay for gas in rubles, as Russia demands, and if Europe is ready to deal with the situation in which Russia cuts off gas supplies to Europe, the European official said he does not know what to expect from Russia, but paying in rubles would be a breach of existing agreements.Secondly, are we ready to take a stand on dependence on Russia? Of course we're ready. We decided to do that, and the war was a wake-up call, but we can't do anything quickly without sacrifice. Are we ready to make these sacrifices? Definitely yes. We do not put energy sanctions on the table, but if there is such decision [from Russia to cut off deliveries - editor's note], we are ready to deal it them and we can do so with a strong effort, and we will continue in any way to reduce our energy dependence on Russia, the European official said.Russia has warned that it will not supply gas to European countries if they refuse to pay in rubles, as requested by Moscow, EFE and TASS report.Moscow's decision has raised concerns in the West, where several countries have said they are unwilling to buy gas and oil if payment is to be made in Russian rubles.
The number of people in Romania at risk of poverty stood at 3.59 million people in 2024, 375,000 fewer than in 2023, representing a 9.4% decrease, according to data from the National Institute of Statistics, or INS. Despite the improvement, nearly one in five Romanians was affected by poverty last year. According to INS, 19% […]
The European Public Prosecutor’s Office (EPPO) in Cluj-Napoca carried out multiple searches on Tuesday, July 1, at the Sibiu International Airport and the Sibiu County Council as part of an investigation into suspected fraud involving a EUR 54 million EU-funded infrastructure project. A total of 24 locations were searched across Bucharest, Brașov, and Sibiu county, […]
A Romanian taxi driver who scammed 90-year-old Nigerian Nobel Prize laureate Wole Soyinka was detained by police on Sunday, June 29, according to media reports. On Friday, June 27, the venerable Nigerian arrived at Bucharest's Otopeni Airport. He got into a taxi and asked to be taken to a hotel downtown. At the destination, the […]
Costin Șerban, a Romanian entrepreneur, is digitalizing the construction sector in the United Kingdom with an ERP (enterprise resource planning) solution developed over 12 years and an investment of GBP 1.6 million (EUR 1.86 million). Șerban’s cloud-based ERP platform is called Abilo, was developed by the Romanian IT company Obi Systems, and is dedicated to […]
Border checks between Bulgaria and Romania have officially been lifted on July 1, as part of the implementation of the Schengen Agreement. The lifting marks the end of the transitional period of heightened control at the internal border, which had remained in place for six months following their accession to the Schengen area by land […]
Remus Vulpescu became CEO of the Bucharest Stock Exchange (BVB) on Tuesday, July 1, taking over from Adrian Tănase as the stock exchange grapples with a market dominated by government bonds. Vulpescu, 53, is a graduate in political and legal sciences from the University of Bucharest and holder of an EMBA obtained in 2017. He […]
