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.
Romanian prime minister Ilie Bolojan stated during an interview on Wednesday, December 17, that there should be no statute of limitations in cases of serious corruption. The statement comes after a Recorder investigation, which showed that several heads of the major institutions in the Romanian justice system allegedly delayed trials for years until wrongdoings were […]
President Nicușor Dan has challenged, before the Constitutional Court (CCR), the constitutionality of the law that requires that at least 40% of the athletes who play on a team in official national competitions be Romanian. Dan noted that the law violates the principle of non-discrimination and the free movement of workers, enshrined both in the […]
Craiova International Airport will open its new passenger terminal on Thursday, December 18, completing a major infrastructure investment aimed at significantly expanding capacity and improving air connectivity in southwestern Romania. It is part of a broader expansion and modernization project financed through the Large Infrastructure Operational Programme (POIM) 2014–2020, with a total value exceeding EUR […]
Romania is set to be connected to the Western European energy network thanks to grid investments worth EUR 30 billion. The funds will be provided by the EU by 2035, and the project will link Romania to Hungary and Austria in a joint project. Romanian energy minister Bogdan Ivan signaled the signing of the new […]
Franck Bagouet has been appointed managing director of TotalEnergies Marketing Romania SA and managing director of Automotive Southeast Europe Hub TotalEnergies Marketing. He succeeds Didier Grimault, who has accepted a new position within the TotalEnergies company. “I am glad to join this dynamic affiliate and confident that, together with our talented team, we will reinforce […]
Databricks, the data analytics and artificial intelligence company co-founded by Romanian professors Ion Stoica and Matei Zaharia, announced on Tuesday, December 16, that it is raising USD 4 billion in funding at a valuation of USD 134 billion, according to CNBC. The new valuation represents a 34% increase compared to the August round, when Databricks […]
