The Chamber of Deputies has adopted the draft Offshore Law on Wednesday.There were 248 votes "in favor" and 34 votes "against". The draft law regulates a set of measures regarding the stability of the fiscal regime and petroleum royalties. "Today we have voted in the Chamber of Deputies, alongside a wide majority, the Offshore Law. It is maybe a step - the most important - that we make towards energy independence. In fact we can say that once the investments starts in the Black Sea, Romania will become independent energy-wise, we'll produce more natural gas than we consume, and the natural gas surplus can be delivered abroad,"Energy Minister Virgil Popescu said at Parliament.According to the minister, Romania can become a supplier of regional energy security."The law brings stability and predictability, a friendly taxation environment and I am positive that it will help investors decide to invest. Moreover, it protects Romania's national interests - in case of energy crisis we can intervene and redirect gas to domestic consumption and, also, imposes a control over bilateral contracts. (...) I believe it is a law in which both the state and the investors have to win and we expect investment decision can be made," Virgil Popescu also added.He maintained that "no one ever sells under a cost price, starting from the good faith principle.""Romania gains from the royalty - which is somewhere at 13 percent - from the additional revenue tax, Romania gains from the profit tax of companies, from the number of jobs that will be created. The state budget gains from the labour force tax and I believe the most important thing - Romania becomes independent energy-wise, and we'll no longer have problems of natural gas supply," Virgil Popescu argued.
At 24 years old, Romanian Claudiu Fusaru is the youngest T-38 instructor in the 469th Squadron of the Euro-NATO Joint Jet Pilot Training (ENJJPT), the most complex international program for training NATO fighter pilots. The pilot training program, active since 1981, brings together 14 NATO nations and trains the best fighter pilots in the world […]
The Romanian General Prosecutor’s Office and the Directorate for the Investigation of Economic Crime conducted searches at companies part of the Tinmar group on Thursday, November 6, Economedia.ro reported. The company, one of the largest energy traders in...
The Romanian government has approved a new emergency ordinance that introduces major fines for feeding wild bears, environment minister Diana Buzoianu announced on Thursday, November 6. The legislation also defines key terms such as "feeding of bears" and "habituated bear," aiming to curb practices that draw wildlife into populated areas,
The American defense technology company Allen Control Systems (or ACS) has signed a memorandum of understanding with the Romanian Armed Forces for the joint production of autonomous anti-drone turrets in Romania. ACS recently signed two contracts for the delivery of its autonomous Bullfrog turret to the armies of South Korea and the United Arab Emirates. […]
Global environmental NGO Greenpeace saluted the fact that Romania adopted a new normative act on Thursday, November 6, creating the necessary legislative framework so that citizens, municipalities, NGOs, and small enterprises can jointly produce, manage, and consume renewable energy. The framework was finally created “after nearly three years of waiting and requests from local authorities […]
Roweb, compania românească din spatele software-ului nr.1 din Belgia în Real Estate În timp ce România continuă să importe mai mult decât exportă, companii locale precum Roweb demonstrează că soluțiile digitale și inteligența artificială pot echilibra balanța și pot pune țara pe harta inovației europene. AI made in Romania: de la cod la […]
