Prime Minister Nicolae Ciuca declared on Tuesday that gas deposits are currently at 41% capacity, and will reach 80% capacity by November 1."It is a decision at the level of the European Union and each member country must go through winter with 80% storage capacity. At the moment we are a little over 40%, 41%. Our commitment, to ourselves, firstly, and to the European Union is to have 46% in deposits by August 1, 57% by September 1, 66% by October 1 and 80% by November 1," said Nicolae Ciuca, in Constanta.The Prime Minister said that 80% represents the minimum for ensuring the necessary gas quantity during winter."Of course, actions are being taken... Talks are underway in relation to the contract elements with Azerbaijan. We are also talking with the US side for liquefied gas, and we are also talking, because we are not depending on the origin part and the receiving part in our country, but we are also talking about transit areas and we must make it so that we receive the accept from transit countries, such as Turkey, Bulgaria and Greece. We also depended on the interconnector between Greece and Bulgaria. I understand that it is finished and that we can more easily discuss about this possibility, that of bringing gas in our country," Ciuca mentioned.
The foreign exchange reserves of the National Bank of Romania, or BNR, totaled EUR 58.281 billion at the end of June 2025, up by 4.71% compared to May 31, 2025. During the month of June, there were inflows of EUR 6.1 billion, representing changes in foreign currency minimum reserves established by credit institutions at the […]
Maib, the largest bank in the Republic of Moldova, has established a strategic partnership with Tuum, a next-generation core banking platform from Estonia, to obtain a fully digital presence for retail customers in Romania. Tuum’s core banking platform will serve as the foundation for Maib’s greenfield operations in Romania. “Maib’s decision to collaborate with Tuum […]
The Romanian government officially launched the 12th edition of its Official Internship Program on July 1, welcoming a new cohort of 150 young interns selected from more than 1,900 applicants. Over the next two months, the interns will be hosted by 26 government institutions, where they will gain hands-on experience in public administration. The program […]
The cogeneration plant on the Petromidia Năvodari platform, the flagship project of the Kazakh-Romanian Energy Investment Fund (KREIF), has entered its final testing phase and is expected to be fully integrated with the Petromidia refinery and Romania’s National Energy System - NES by the end of August. Developed through Rompetrol Energy, a KREIF subsidiary, the […]
More than 108,000 Romanian households changed their electricity providers in June, just before the country returned to a liberalized energy market, according to George Niculescu, president of the National Energy Regulatory Authority (ANRE). “Today, after more than three and a half years, we return to a free electricity market - a market for the consumer! […]
The Romanian Constitutional Court (CCR) has reinstated Traian Băsescu’s rights as a former president, granting him lifelong state benefits, including a monthly allowance, protocol residence, and permanent security. The court ruled unanimously that a 2001 law, which stripped former presidents of these privileges if found to have collaborated with the communist-era Securitate, is unconstitutional, Biziday.ro...
