The government approved the Emergency Plan for the security of natural gas supply in Romania, announced the spokesman of the Executive, Dan Carbunaru, on Thursday, in a press conference at Victoria Palace of Government.He added that according to the new Emergency Plan, there are three levels of crisis."An early warning one - if there is concrete, certain and reliable information that an event could occur that would significantly damage the gas supply situation and could trigger an alert or emergency level. The next level is the alert one if there is a gas supply disruption or an exceptionally high gas demand that could significantly affect the gas supply situation, but the market is still capable of handling this disruption or the respective demand without the need for measures that are not based on the functioning of the market. And the third level, the level of urgency that arises in the event of an exceptionally high demand or a significant disruption in the gas supply or other damage of the gas supply situation and all relevant market measures have already been implemented, but gas supply is insufficient to meet the demand that has remained uncovered, so we need new measures that are not based on the market, especially in order to guarantee the supply of gas to protected customers," said Carbunaru.He explained that in case of alert, early warning or emergency, the Ministry of Energy is the one taking over the management of the crisis and is responsible for the implementation of the measures provided in this plan."The regional dimension of this plan is part of the regional cooperation coordinates that the countries of the at-risk groups of which Romania is a part, namely Trans-Balkan and Ukraine, so that the specifications of the national measures on the security of gas supply are compatible with those adopted at the level of the group. (...) This plan meets the requirements in accordance with the provisions of the European Union Regulation 2017/1938, but, of course, it is also harmonized with the national legislation in force," Carbunaru also stated.
Romania has signed a major contract with France for the acquisition of Mistral portable short-range air defense missile systems. The agreement was concluded on Tuesday, November 25, between Romania’s Ministry of National Defense and France’s Ministry of the Armed Forces and Veterans, through their respective General Directorates for Armaments. The acquisition is valued at EUR […]
The European Parliament called on November 26 for EU-wide rules to strengthen the protection of minors online, recommending a minimum age of sixteen for accessing social networks, video-sharing platforms, and AI chatbots, according to a statement from the institution,
The government of Romania will be empowered to establish, ex officio or upon request, by Government Decision, an extended surveillance regime over local companies strongly affected by economic sanctions imposed by other states, according to the legislative project prepared by the government, given that the situation of the assets held by the Russian giant Lukoil […]
The European Commission (EC) will reportedly give Romania four more months to appoint permanent management under competitive procedures at 48 state-owned enterprises (SOEs) in the energy sector, after the Romanian government agreed to double the fine paid by the country and the penalties charged to those responsible (ministers) if the milestone set under the Resilience […]
The Romanian banks boasted in 2025 virtually the same record aggregated net profit as in 2024, namely RON 11.6 billion (EUR 2.3 billion, -0.6% y/y) in January-September and RON 6.2 billion (EUR 828 million, -0.3% y/y) in Q3 alone, according to data published by the National Bank of Romania. The non-performing loan (NPL) ratio has […]
The Romanian Parliament approved the National Defense Strategy on Wednesday, November 26, with 314 votes in favor, 43 against, and three abstentions, following a joint session attended by president Nicușor Dan. The document will guide national security policy for the 2025-2030 period. During the parliamentary debate, Ana Maria Gavrilă, leader of the opposition party POT, […]
