Premier Ciuca announced on Thursday, in the context of the EC decision on gas consumption, which will be reduced by 15% throughout the community bloc as of August 1, 2022 until March 31, 2023, and there is no fear that Romania may not have the gas needed for the 2022-2023 winter. The premier also announced that 1.6 billion cubic meters had been stored until yesterday. “The measure is a precaution and with it we need to maintain solidarity at EU level and Romania was part of the decisions which consolidated solidarity within EU,” the premier added. “I can say now that yesterday we exceeded 1.6 billion cubic meters in storage, and the evolution of daily storage is consisting and encouraging,” the premier showed, saying that “as of November 1 we will reach 80% of capacity.” “We should have reached 46% until August 1, 57% by September 1. 66% until October 1 and 80% by November 1. Today we have exceeded the assumed percentages and at the end of last week we had 200 million cubic meters over what we had in the same period of 2021. At present there is no fear that Romania may not have gas needed for 2022-2023 winter,” the head of the executive showed. According to the premier, this decision on reducing gas consumption will be made according to “gas quantities existing in storage before the beginning of winter” and added that from data he had read that morning, Germany had announced that gas supply had resumed. “For now, our preoccupation is to to ensure the necessary gas and coal resources to have energy in winter. Lignite exploitation should extract and store more coal, to prevent last year's situation when we had stored a quantity which could ensure the functioning of coal plants for no more than 3 to 5 days. All these data depend on weather conditions,” Ciuca said.
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 […]
