Bucharest intends to ask the European Commission to revise the proposed legislation to reduce methane emissions because Romania would face high costs compared to other member states, as Energy Minister Sebastian Burduja announced on Tuesday, www.euractiv.com informs. The new proposal will result in over €1 billion expenses for Romania, impacting both industries and consumers. “We will fight for the final version of the regulation to take into account Romania’s unique circumstances”, Burduja said at the Romanian International Gas Conference 2023, adding that he is going to discuss with all member states and institutional actors. In December 2022, the Council reached an agreement (general approach) on a proposal to track and reduce methane emissions in the energy sector, as methane is a powerful greenhouse gas responsible for about 30% of current global warming. The proposal introduces new requirements for the oil, gas and coal sectors to measure, report and verify methane emissions (MRV) at the highest standard. Operators must carefully document all wells and mines, trace their emissions and take appropriate mitigation measures to prevent and minimise methane emissions in their operations. Burduja said Romania has to monitor over 60,000 wells. Maintaining the current form of the Regulation would adversely affect the competitiveness of the Romanian economy and burden its citizens. The second-largest producer of oil and gas in the EU, Romania is among the Union countries with the highest reported annual methane emissions from the energy sector, according to a scientific study coordinated by UNEP’s International Methane Emissions Observatory, Utrecht University and Environmental Defense Fund.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
