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.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
