The Azomures unit has announced the temporary suspension of ammonia production due to the price of natural gas, saying that they will produce fertilisers until the depletion of existing ammonia stock. The production was already suspended from the same reason in December 2021, being resumed in April this year. At that moment,the company said that ‘ supply with natural gas is difficult, with levels of price which lead to high prices for fertilisers, even with the help of the government’. The quoted source mentions that Azomures will produce fertilisers, until the depletion of the existing ammonia stock, but similar decisions were taken by other companies in Europe, the cause being the same, the unsustainable price from an economic point of view. ‘In Romania we continue the dialogue with the governmental authorities to apply the economic aid offered by the European Union, applied in many European countries. For example, Bulgaria offers the industry a capped price, of 72 euro MWh. Until now, Romania has not used the aid scheme for the energy intensive industries, although the European legal framework is available’Harri Kiiski, the general manager of Azomures said. The Azomures unit said that they do not take into account technical unemployment. Azomures is the most important producer of fertilisers for agriculture in Romania. Azomures supplies raw materials (urea and melamin) for several industrial objectives in Romania. The annual production (in normal functioning conditions) is 1.6 million tons of fertilisers, approximately 75% of the production being destined to Romanian farms. Azomures is part of the Swiss group Ameropa, one of the biggest traders of fertilisers and grains at global level.
The Arts Hour on Tour, the BBC World Service arts and culture program that visits cities all over the world, will be in Bucharest next week to record a show on topics relating to the cultural life in the city and Romania. Television and radio broadcaster Nikki Bedi, who curates, writes, and presents the program, […]
Romanian prime minister Marcel Ciolacu recently stated during an interview that foreign minister Emil Hureaznu will be replaced if he continues to send messages to private individuals, such as those addressed to Elon Musk, without consulting him. The warning comes after Emil Hurezeanu stated on Saturday, February 22, that Elon Musk’s support for Călin Georgescu […]
Romanian state-controlled gas producer Romgaz (BVB: SNG) reported a net profit of RON 3.22 bln (EUR 647 mln) in 2024, up 14.5% compared with the previous year. The company’s revenues went down by 11.9% to RON 7.93 bln (EUR 1.6 bln) because of lower...
The Romanian Parliament rejected the no-confidence motion initiated by far-right parties AUR, SOS Romania, and POT against the government led by Social Democrat prime minister Marcel Ciolacu. The motion received 147 votes in favor and one against during the lawmakers' meeting on Friday, February 28 - a figure lower than the 155 signatures with which […]
Nuclearelectrica (BVB: SNN), the company that operates Romania’s only nuclear power plant – Cernavoda, reported a net profit of RON 1.7 bln (EUR 343 mln) in 2024, down 31% compared with the previous year. The company recorded 37.6% lower revenues from electricity sales due to lower average...
In his first press conference since becoming interim president, held on Friday, February 28, Ilie Bolojan said that discussing peacekeeping troops in Ukraine is premature, since no peace agreement was reached. He also discussed increasing Romania’s defense spending, the relationship with the United States, and the reconstruction of Ukraine. The press conference was organised after Ilie […]
