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.
• Total leasing activity in Bucharest is 71% higher at the end of the first quarter compared to the same period last year. Bucharest, 8 April 2024 - The office market remains fluid and flexible. Two distinct trends have emerged in 2023: securing entry into prime new locations and optimising the portfolio through best value […]
The House of Lazăr Năftănăilă, a Roma household brought from the village of Calbor, in Braşov county, has officially opened at the Dimitrie Gusti Village Museum in Bucharest. The house opened alongside a barn brought from Vişeul de Mijloc, in Maramureş county, which hosts an exhibition and VR venue showcasing elements of the history and […]
The current European Commission president is running for a second term at the helm of the Union’s executive, but EU diplomats and politicians have been speculating on who could replace her. Politico Europe gathered the names being thrown around in Brussels and ranked their chances. Romanian president Klaus Iohannis is ranked as having the biggest chance to […]
Real developer STC Partners began the development of phase II of the residential compound Quartier Azuga, located near the Tei area in Bucharest, with an investment value of over EUR 15 million. This stage is to be completed by the end of 2025. Construction works at phase I are currently underway, the company said. The […]
This article series tells the stories of the 15 finalists selected in the Made in Romania 2023 program. Made in Romania is the flagship program of the Bucharest Stock Exchange dedicated to the development and promotion of the Romanian entrepreneurial environment. The program’s goal is to select and promote Romanian companies that have the greatest […]
Local construction company Concelex, as the general contractor, said that it completed the project to expand and modernize the Danube Delta airport in Tulcea, southeastern Romania, which thus became an international airport at Schengen standards. The total value of the project was RON 180 million (some EUR 36 million), covered by European funds. The association […]
