The suppliers of natural gas will be obliged that, between 1st April and 31st October 2022 make storage in underground warehousing for natural gas – of a minimum quantity to ensure the continuity and safety of supply for their end-users or to ensure own consumption and sustainability of the price, according to the draft ordnance regarding the measures applicable to end-users on the market of electricity and natural gas between 1st April 2022 and 31st March 2023. According to the document, the whole quantity of natural gas representing the minimum stocks to be warehoused by each supplier/PET direct client must represent a minimum of 30% of the quantity of natural gas necessary to consumption to end users in the portfolio of own consumption.For the consumption between 1st April 2022 and 31st March 2023, the final prices invoiced by the suppliers of natural gas is maximum 0.31lei/kWh, VAT included, in case of household clients and maximum of 0.37lei/kWh, VAT included, in case of non-household clients whole annual consumption of natural gas made in 2021 at the place of consumption not more than 50,000 MWh.At the same time, the gas natural producers will be obliged to sell at a price set by the government quantities of natural gas from their current domestic production to or directly to suppliers of domestic customers and heat producers.
Romania’s green startup ecosystem is gaining more and more momentum, driven by a skilled workforce, reforms aligned with EU policies, and the climate emergency, according to a report prepared by Startarium and Impact Hub Bucharest. In 2024, there were over 2,300 startups in Romania, with a total estimated value of approximately EUR 19 billion. Romania […]
The global IT hub established by JTI in Romania has expanded from 140 employees at the beginning of the year to 170 currently, and is set to exceed 200 by the end of 2025. Located in Bucharest, the hub is one of JTI's six technology centers worldwide. The experts in Bucharest provide Digital and IT […]
French-born virtual reality esports center EVA VR has recently opened its Bucharest location, promising a realistic and immersive combat esports experience suitable for corporate team-building events, birthday parties, and various other events. Inaugurated on June 7, the new location is part of an international network, Esports Virtual Arenas, which was established roughly 5 years ago. […]
Investment group ROCA acquired a 20% minority stake in the Adrem energy group, following approval from the Romanian Competition Council. Announced on Tuesday, August 12, the transaction will support Adrem’s strategic development and scaling plans. The investments will be primarily directed towards the expansion and diversification of EPC (Engineering, Procurement, and Construction) projects, the development […]
Romanian students spend an average of 13 hours a week on homework, almost twice as much as their peers in Nordic countries, according to data from the OECD’s PISA 2022 study, quoted by ParentED. Finland ranks at the bottom in Europe with just six hours per week, while countries such as Switzerland, Denmark, and the […]
Three foreign citizens suspected of stealing jewelry and other goods during the Untold Festival in Cluj-Napoca were caught by Romanian police officers at the airport. The three, two men and one woman, all between the ages of 30 and 46, were detained while attempting to fly to Barcelona. Police from the Cluj-Napoca Criminal Investigations Bureau […]
