Prime Minister Nicolae Ciuca on Tuesday said that starting to exploit the natural gas in the Black Sea represents an essential objective in the process of obtaining supply independence from Russian gas.The Prime Minister had a meeting on Tuesday at the Victoria Palace with Eric Faillnet, the head of Carlyle International Energy Partners Group, which is the main shareholder of the Black Sea Oil&Gas.According to a press release of the government, on this occasion, the Prime Minister welcomed the interest of investors in starting to exploit the natural gas in the Black Sea, through the development of the Midia Project, which will cover, as of this year, ten percent of the necessary production at the national level."For Romanians, it is an essential objective to achieve in seeking independence from the Russian gas. The government encourages investments in the energy sector, and our country is among those European states that could manage with the quantity of gas that they have to cover the national consumption. The new offshore law, which we initiated at the Governing Coalition level and will soon be adopted, creates a predictable and stable framework for investors. By ensuring a balance between the state interests and the ones of the private environment, Romania has the chance of even becoming an exporter in the region, as soon as the exploitation projects in the Black Sea are developed," Nicolae Ciuca was quoted as saying in a press release.In their turn, the representatives of Black Sea Oil&Gas announced that the Midia project is ready to start in June, after the last tests, with a delivery capacity of one billion cubic metres annually.
Deloitte Romania assisted AQUILA, leader in the integrated distribution and logistics services for the fast-moving consumer goods market in Romania and the Republic of Moldova, in the acquisition of Romtec Europa, the company that produces car care fluids and aerosols. The transaction, valued at 3.2 million euros, was signed in December 2023 and completed recently, following approval from […]
CBRE Romania, the leader in providing commercial real estate services, launches an analysis regarding the business potential and alternative investment and development opportunities in Timiș County. According to the analysis, Timiș stands out as a vital centre of Romanian agriculture, ranking first in agricultural area with 693.034 hectares and second in organically cultivated land area. […]
By the end of 2024 the stock of modern retail spaces will overpass 4.5 mln. sq. m setting a new record for Romania. Circa 186,000 sq. m could be added to country’s modern retail stock if taking into consideration under-construction projects. The popularity of the specialized format is noticed in the forecasted developments, claiming 95% […]
The average office fit-out costs have increased by around 15-20% during the past 12 months, but they still remain among the lowest in the Central and Eastern Europe (CEE), according to data from the Cushman & Wakefield Echinox real estate consultancy company. With an average level of €943 per sq. m of office space, the […]
Romania is present at the 10th edition of the EU-Startups Summit in Malta, the biggest event for tech startups in Europe, through RoTechMission, a delegation organized by DiFine PR, Techcelerator and ROTSA (Romanian Tech Startups Association). More than 2,000 people, including 1,000 entrepreneurs and 300 investors, will attend the event, which takes place from May […]
AeroVacanțe, part of the Aerotravel group, is betting in 2024 on new destinations, more accessible for Romanians, as a result of the growing demand for holidays in new destinations untouched by mass tourism. Thus, the agency introduces for this summer 14 charter flights to Lesbos, the third largest island in Greece, where the costs of […]
