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.
A protocol car driven by former president Klaus Iohannis when he was a mayor, an Audi A6 3.2 FSI, is up for auction by the Sibiu City Hall through the A10 by Artmark Auction House, with a starting price of EUR 1,000. The car is included in the selection of the event titled “Time to […]
Romania will open the 2026 edition of the European Film Festival in Vienna with The New Year That Never Came, directed by Bogdan Mureșanu, according to a press release from the Romanian Embassy in Austria quoted by Agerpres. The screening will take place on February 19 at Stadtkino Wien, followed by a Q&A session with...
Concelex, a leading Romanian construction company, has been awarded a EUR 49.8 million contract by Korea Hydro & Nuclear Power for the construction of several technical facilities and administrative offices, as part of the Cernavoda nuclear power plant Unit 1 refurbishment project, operated by Nuclearelectrica (BVB: SNN). The refurbishment of Unit 1 is a cornerstone […]
The Romanian Football Federation (FRF) announced on Monday, February 9, that it submitted the first part of its bid to host the UEFA Europa League final in 2028 or 2029 at the National Arena in Bucharest. The candidacy is backed by the Bucharest City Hall and the government, which have committed to supporting the project […]
Health minister Alexandru Rogobete said the Severe Burn Treatment Center in Târgu Mureș is expected to become operational by the autumn of this year. The facility, whose construction is nearing completion, is set to significantly strengthen Romania’s capacity to treat critically injured burn patients. In a Facebook post, the minister said that after the burn […]
Dog trainer Mikhail Ermakov received the Golden Buzz during Romania’s Got Talent show on Friday, February 6, after shocking the audience with his act. During the performance, named the “Ermakov Dog Academy,” dogs sat on benches and pretended to be students. They answered math questions and cleaned the blackboard. Mikhail’s act brought the audience to […]
