Prime Minister Nicolae Ciuca declared on Tuesday that gas deposits are currently at 41% capacity, and will reach 80% capacity by November 1."It is a decision at the level of the European Union and each member country must go through winter with 80% storage capacity. At the moment we are a little over 40%, 41%. Our commitment, to ourselves, firstly, and to the European Union is to have 46% in deposits by August 1, 57% by September 1, 66% by October 1 and 80% by November 1," said Nicolae Ciuca, in Constanta.The Prime Minister said that 80% represents the minimum for ensuring the necessary gas quantity during winter."Of course, actions are being taken... Talks are underway in relation to the contract elements with Azerbaijan. We are also talking with the US side for liquefied gas, and we are also talking, because we are not depending on the origin part and the receiving part in our country, but we are also talking about transit areas and we must make it so that we receive the accept from transit countries, such as Turkey, Bulgaria and Greece. We also depended on the interconnector between Greece and Bulgaria. I understand that it is finished and that we can more easily discuss about this possibility, that of bringing gas in our country," Ciuca mentioned.
Prices in Bucharest’s premium residential market have doubled over the past few years, reaching record highs amid a severe shortage of supply in the city’s most exclusive neighborhoods, Cushman & Wakefield Echinox said. Areas such as Primăverii, Kiseleff, Aviatorilor, and Dorobanți continue to dominate demand. Over the past 2 or 3 years, prices for premium […]
The Romanian Consulate in New York shared on social media the story of George Pomuț (George Pomutz, born Gheorghe Pomuț), the Romanian-American who facilitated the sale of Alaska to the US. Despite his role in US history, the Romanian is largely unknown today, the Consulate noted. Pomuț was born in the Hungarian town of Gyula, […]
Shares of Cris-Tim Family Holding (BVB: CFH) began trading on the Bucharest Stock Exchange on November 26 after an IPO worth RON 454.35 million (EUR 89.3 million) conducted last month. Cris-Tim is now the largest entrepreneurial company in the food sector on the BVB Main Market. The funds raised from institutional and over 8,000 retail […]
The Fabrica de Glucoză area is undergoing one of the fastest urban transformations in Bucharest, strengthening its position as one of the most dynamic residential and investment hubs in the northern part of the city. The modernization of infrastructure, the reconfiguration of the Dimitrie Pompeiu – Fabrica de Glucoză – Pipera axis, and the overall […]
Furnica Hotel, located near the famous Peleș Castle in the mountain town of Sinaia, and one of the landmark buildings of the Peleș Royal Domain, has been officially put up for sale by the Royal House of Romania. The hotel, whose initial purpose was to serve as housing for the staff employed by the Royal […]
The Bucharest National Opera will open the Romania–Italy Cultural Year 2026 with a gala concert in Rome on December 1, Romania’s National Day. The event, hosted at the prestigious Teatro dell’Opera di Roma, is organized by the Romanian Embassy in Italy in partnership with the Bucharest National Opera and supported by Romania’s Ministry of Foreign […]
