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.
More than 300,000 older people living in Romania’s urban areas are expected to spend Christmas alone, according to data cited by the NGO Niciodată Singur – Friends of the Elderly, which recently launched its annual holiday campaign aimed at tackling loneliness among seniors. The initiative, titled “Be the Carol That Breaks the Silence,” is based […]
Romanian farmers are set to benefit from improved access to financing following a EUR 25 million loan granted by the European Investment Bank (EIB) to Agricover Credit IFN SA, aimed at supporting micro agricultural businesses across the country. The funding will be provided under the InvestEU mandate and is intended to boost productivity and promote […]
Romanians rank among the most satisfied homeowners in Europe, but rising housing-related costs continue to put significant pressure on household budgets, according to the RE/MAX European Housing Trend Report 2025. The study showed that 81% of Romanians are happy with their living situation, above the European average of 77%, while 83% live in owner-occupied properties, […]
The Grand Chamber of the European Court of Human Rights (ECHR) on December 15 ruled in favor of judge Cristi Danileţ in his case against Romania and ruled that the Romanian authorities had violated Article 10 of the European Convention on Human Rights that guarantees freedom of expression, which includes the right to hold opinions […]
Romanian car battery producer Rombat SA has been fined a total of EUR 20.2 million by the European Commission for breaching European Union competition rules, the Commission said in a decision announced on December 15. Rombat is a subsidiary of the South African automotive components group Metair. The Commission found that Rombat participated in anti-competitive […]
Romania’s industrial output rose by 0.3% y/y in October, despite a negative performance (-0.3% y/y) in the core manufacturing segment, thanks to a robust 6.6% y/y advance in the segment of utilities, according to data published by the statistics office INS. On a monthly basis, the seasonally-adjusted industrial output advanced by 0.4% m/m despite 0.5% […]
