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.
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 […]
