The president of Hungary, Novak Katalin, said on Wednesday, following a meeting with the president of Romania, Klaus Iohannis, that Hungary "signals" its intention to buy more gas from Romania to reduce dependence on Russia and argued that exploitation projects such as Black Sea's Neptun Deep should be financially supported by the European Union.Asked by journalists if Hungary is negotiating with Romania to buy gas from Neptun Deep, the Hungarian president said that this Romanian project "is a new possibility that is opening up" for her country to diversify its sources of supply."I'm glad that this investment has started. I think it would be good if this investment was also helped by European funds to make it happen. I signal Hungary's intention to buy even more gas, because in this way we could further diversify current energy resources and we would reduce our dependence on Russia. We are in discussions on this issue," said Novak Katalin.President Klaus Iohannis declared that "Romania can become a partner and a relevant supplier of energy for Hungary"."Romania has natural gas resources on land, but lately important resources have also been found in the area of territorial waters, the coastal area. An investment there is planned by an association between two companies, one European and one Romanian. I do not want to nominate them, but progress is being made and we expect that in the fairly near future this resource can be exploited. In this case, it is very clear that Romania can become a relevant partner and supplier of energy for Hungary, and I think it would be a very good thing, because Hungary and Romania and all of Europe want to disconnect from Russian resources. We want to have other sources of energy. Of course, in detail these matters are resolved on a commercial basis, it is the companies that will exploit, the shipping companies, the importing companies, but for these things to work very well, we need a good interconnection between our economies and, specifically, a good physical interconnection, and I understood that there is a desire on both sides to take determined steps in this direction. So, here is a very good opportunity for Romania and Hungary to become strategic partners in the field of energy as well," declared Iohannis.
Two new investment funds active in Romania, Sparking Capital II and PCP SEE II, will receive allocations worth EUR 30 million under the National Recovery and Resilience Plan, or PNRR, after an approval from the Romanian executive and the European Investment Bank. The allocations are mediated by the European Investment Fund, a European financial institution, […]
The net revenues collected by Romania’s tax agency ANAF for the state budget increased by 12.2% in the first six months of 2025 compared to the same period last year, reaching RON 245.2 billion (EUR 49 billion), said outgoing ANAF president Nicoleta-Mioara Cîrciumaru. Nevertheless, the net revenues collected by ANAF are RON 3.8 billion (EUR […]
Romanians continue to place the most trust in the Army and the Church, while Parliament remains the least trusted institution, according to the second edition of the Informat.ro – INSCOP Research Barometer conducted between June 20–26. The monthly survey was commissioned by the news platform Informat.ro in partnership with the Strategic Thinking Group think tank. […]
Romania’s National Meteorological Administration, or ANM, issued on Thursday, July 3, an Orange Code warning for heatwave and heightened thermal discomfort, valid Friday and Saturday, July 4-5, in more than half the country, including Bucharest. The parts of Romania not covered by the Orange Code warning are under a Yellow Code for extremely hot weather. […]
Best Credit IFN announces the strategic partnership with the European crowdfunding platform Bondster, becoming the first Romanian non-banking financial institution (NBFI) to attract international capital through this platform. This initial round of financing marks a milestone in the company’s strategy to diversify its capital sources and rapidly scale its lending capacity in a dynamic market […]
Another 93 searches were carried out at public institutions and private residences on Thursday, July 3, in the case of illegally-obtained Romanian identity documents for citizens of former USSR countries. Earlier this week, Romanian police completed 206 searches in the same case. Prosecutors claim that between 2023–2024, over 1,700 individuals born in the Russian Federation, […]
