Romania could start importing liquefied natural gas (LNG) from Israel via Egypt in order to reduce its dependence on Russian gas, Romania's energy ministry said on Wednesday. "This morning we had a very good dialogue with the representatives of NewMed Energy, a Delek group company, which exploits the largest offshore gas field in Israel. We told them that we were interested in diversifying our supply sources and that we could import LNG from Israel via Egypt. We must seize all the opportunities to strengthen Romania's energy security," Romanian energy minister Virgil Popescu said in a press release. Delek Drilling changed its name to NewMed Energy earlier this year, and announced a strategic restructuring, deepening of the operating areas into alternative energy segments, including production of hydrogen, promotion of carbon capture and storage, and investment in renewable energy, as well as exploration for natural gas in new areas. Virgil Popescu and a delegation comprising CEOs of Romanian nuclear power plant operator Nuclearelectrica, hydropower producer Hidroelectrica and natural gas producer Romgaz visited Israel this week in order to secure cooperation in the energy sector. Popescu said in a post on social media on Wednesday that he also met with his Israeli counterpart Karine Elharrar, who said that Israel is determined to support Europe's efforts to reduce its dependence on Russian gas. The Romanian delegation also held talks with representatives of Israel's largest power supplier - Israel Electric Corporation, and renewable energy projects developer Doral-Energy. Earlier this month, Popescu said during a talk-show on local broadcaster Profit TV that Romania covers up to 28% of its natural gas needs with imports, most of them from Russia.
The ECOTECA Association, in partnership with the Ministry of Environment, Waters and Forests, is organizing the conference “Return & Recycle Insights – 2 Years of DRS in Romania”, which will take place on 26 November 2025, between 09:00 – 13:00, at the Bucharest University of Economic Studies (ASE). The event will bring together representatives […]
Nine years after opening its doors, Veranda Mall enters its most exciting chapter yet. What began as a project to breathe new life into the Obor neighborhood has evolved into one of Bucharest’s most beloved destinations for shopping, leisure, and connection. As it marks this anniversary, Veranda unveils a winter events lineup rich in culture, […]
Purcari Wineries (BVB: WINE), CEE’s leading wine producer, announced its financial results for the first nine months of 2025 on Friday, November 14. The company saw a decline of 1.46% in pretax EBITDA earnings from the similar period last year. Specifically, earnings decreased to RON 84.66 million from RON 85.92 million last year. Meanwhile, group […]
With a solid 35-year uninterrupted presence on the Romanian market, Darian—one of the longest-standing consultancy groups with fully Romanian capital—reaffirms its role as a strategic partner for the business environment. Darian marks this anniversary not through grand promises, but by strengthening its core working philosophy: acting as a “co-pilot” for complex decision-making. The company emphasizes […]
The National Bank of Romania (BNR) revised its inflation forecast upward, from 8.8% to 9.6%, for the end of 2025. The institution anticipates that inflation will reach 3.7% at the end of 2026, compared to 3% in the previous forecast, according to data presented on Friday, November 14, by governor Mugur Isărescu. Compared to the […]
The state-owned company Transelectrica (BVB: TEL), the operator of the Romanian national energy system, recorded a net profit of RON 183 million in the first nine months of the year, down 56% compared to the same period last year. Operating revenues fell by 2%, to RON 1.716 billion, mainly due to the decrease in revenues […]
