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 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 […]
