Prime Minister Nicolae Ciuca declared on Friday that his Bulgarian counterpart, Kiril Petkov, specified that until June 30 the gas interconnector between Bulgaria and Greece will be finished, from a technical standpoint."Both PM Kiril Petkov, as well as PM Kyriakos Mitsotakis confirmed their shared interest that the gas interconnector between Bulgaria and Greece to be finished on time. PM Petkov mentioned that until June 30 he has the certainty that this will be finished, from a technical standpoint. A period of testing and verification will follow, and most likely, this fall, we will have gas on this interconnector," Ciuca said, during a joint conference with the Bulgarian counterpart and the European commissioner for Transport, Adina Valean, which took place at Victoria Palace.He specified that this interconnector will have a capacity of approximately 1.5 billion cubic meters."It is important through both quantity, as well as for the possibility of ensuring the traffic of gas from both South-to-North, as well as from North-to-South," Ciuca explained.The Romanian PM said that the interruption of gas supply from Russia is a problem that affects not only Romania and Bulgaria, but other countries in the region and in Europe."A reason why we must subscribe our national actions in the overall measures that EU is about to take. It was already established that on May 5 there will be a regional meeting of the Ministers of Energy. For this reunion there will be ministers that will take part from countries that have the potential to supply with gas, this is about Azerbaijan and Turkey, and we hope that based on the talks that will take place during this regional reunion, conclusions to be reached and decisions in the regional plan, which will also be in the EU's benefit as well. Basically, it is intended to be a pilot project for identifying solutions, where after, based on the results of this reunion, to be able to have a clear set of decisions," Ciuca showed."What we realized is the fact that we have an infrastructure that until now we were not able to use fully, we did not fully optimize it. This is about the pipeline that brought gas through Romania, Bulgaria towards Turkey. Now we can work in reverse and the possibility of buying liquified gas together is a huge opportunity, because the price levels will also be different if we buy together. On top of this, our partners from Azerbaijan are also a possible source for additional gas," Kiril Petkov highlighted.
East Grain Group and Poultry Investment SA have acquired the 45% stake previously held by UBM Group in UBM Feed Romania, thus becoming equal shareholders in one of Romania's largest feed producers, which will now operate under the brand Protena. East Grain is controlled by Czech agri-food group Agrofert, one of the largest agribusiness groups […]
The Foreign Investors Council (FIC) has appointed Ruxandra Băndilă as its executive director. Băndilă will coordinate FIC's activity and "will contribute to strengthening the dialogue with authorities, consolidating the organization's positioning as a reliable partner in promoting a stable and predictable business environment, as well as supporting Romania's becoming a competitive and attractive destination for […]
Romania’s European projects and investments minister, Dragoș Pîslaru, announced that he will notify the European Public Prosecutor’s Office (EPPO) regarding the purchase of electric minibuses for students with EU funds. The minister said that “multiple dysfunctions” were noted in how the EU funds were used in the project. Aside from notifying the EPPO, the minister […]
Only about 44% of employees in Romania say they have used AI in the past year, while the average usage rate in the 48 countries included in the report was 57%, according to the PwC Workforce Hopes and Fears Survey 2025 report. India and Vietnam are at the top, with 84%, followed by China (78%). […]
A new four-star hotel is set to rise next to Bucharest’s Henri Coandă International Airport, following a EUR 45.5 million investment announced by real estate developer D. GROUP. The Wyndham Garden Bucharest Airport Hotel, scheduled to open in July 2027, will introduce the Wyndham Garden brand to Romania for the first time. Located 150 metres […]
Romania ranks 3rd in a European heatwave vulnerability ranking and will experience 3 heatwave events annually, lasting 17 cumulative days with average temperatures of 36.82°C, placing it ahead of all Mediterranean countries, according to new research from climate system experts at Reinders Corporation. The study analysed climate modelling data, heatwave frequency, and average temperatures across […]
