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.
ASSIST Software, one of Romania's most innovative technology companies, plays a central role in transforming European education through EdTech programs such as IDEATE – the Inclusive Digital Education and Teacher Empowerment Academy. The IDEATE project, funded by the Erasmus+ Teacher Academies program, officially launched this year in Suceava and unites leading universities, teacher training centers, […]
LONGi Solar Technology, a global leader in solar photovoltaic (PV) products and solutions, today proudly announced a significant strategic partnership with Enexus, a dynamic and investor focused EPC company specializing in the rapid execution of mid to large-scale PV projects. This landmark collaboration will see LONGi supply 300 MW of its high-efficiency Hi-MO 7 series […]
Sekura Cabins Group, a leading European producer of modular cabin solutions for the off-highway OEM industry, has inaugurated a new EUR 1.8 million manufacturing facility in Brașov, central Romania. This is the company’s first site outside Denmark, part of its strategy to boost capacity and strengthen the European supply chain. The factory, located in VGP […]
Nine major engineering consortia have submitted bids to design and provide technical assistance for the new terminal at Bucharest’s Henri Coandă International Airport, in what officials describe as “the largest and most complex” airport infrastructure project in Romania. Among the companies and consortia competing for the contract are Dar Al-Handasah, Electroproiect, Consis Proiect, Eurocerad International, […]
One of Romania’s largest travel agencies, Christian Tour, is set to be listed on the Bucharest Stock Exchange (BVB) in the first quarter of 2026. It will be the first tour operator in Romania that is publicly traded. The company has been preparing to go public for the last five years by adhering to international […]
HiSky will launch direct flights between Bucharest and Chicago in June 2026, expanding its transatlantic network two years after introducing its New York route. The service resumes a direct link suspended 24 years ago, the company said. The new route will be operated twice weekly, on Thursdays and Sundays, with the first flight scheduled for […]
