The spot price of natural gas on the Romanian Commodity Exchange (BRM) jumped by 66% y/y to RON 250 (EUR 50) per MWh at the beginning of this year despite the low consumption during the holiday period, according to data presented by Profit.ro. At the same time, the colder winter than last year led to a more accelerated extraction of gas from domestic storage and faster depletion of the reserves. Thus, on January 1, Romania still had 22 TWh or 65% of total capacity stored, 6 TWh below the amount on the first day of last year, of 28 TWh or 83% of total capacity. Last year, the amount of domestically stored gas dropped below 22 TWh only on the last day of January, and not from the first day, like this year. Both higher prices and steeper depletion of reserves might be supported in the future by gas exports to Moldova, which needs supplementary energy resources after Gazprom interrupted the exports to Europe. Romania is currently exporting record quantities of gas to the Republic of Moldova, over 50 GWh/day, equivalent to one-fifth of the current gas production, which amounts to approximately 250 GWh/day.
Several Western embassies in Bucharest expressed support for Romania on Thursday, February 27, emphasizing its commitment to the rule of law, democratic values, and judicial independence, Biziday.ro reported. Representatives of France, Germany, the Netherlands, and Spain posted messages on social media reaffirming their confidence in Romania's institutions amid recent criticism from figures associated with the...
RoBoost, Romanian Business Leaders’ program dedicated to the development of Romanian Tourism Brand, was the host of “Strategies and Influencers for the Future of Romanian Tourism” Conference at the RomExpo Tourisn Fair in Bucharest. The Conference brought together industry leaders, experts and influencers to discuss insights and opportunities for a future of...
Romanians welcome spring on March 1 with the centuries-old tradition of mărțișor, a red-and-white trinket symbolizing luck and continuity. To mark the occasion, Patricia Furstenberg, a Romanian-born author in South Africa and a Romania-insider.com reader, shares a story that “blends atmospheric storytelling with the deep-rooted symbolism of mărțișor, exploring how a simple string can carry the […]
The United States Department of Defense recently published a notice of intent regarding a government tender for the construction of special telecommunications links between the missile defense base at Deveselu, in Romania, and other bases in Europe. The project seeks to link Deveselu and bases in Italy and Germany. The former concerns the facilities in […]
Global Vision, a leading real estate company in Central and Eastern Europe, announced the appointment of Antoanela Comșa as deputy CEO. Comșa previously served as president of the Romanian Real Estate Investors Association (AREI) for two terms, later continuing as a member of the Association’s board. Recently, she also held the position of deputy general […]
The Romanian interim head of state, Ilie Bolojan, will be received on Saturday, March 1, by Moldovan president Maia Sandu during an official visit to Chișinău, as announced by the Presidential Administration of the Republic of Moldova. According to the official schedule, during the visit, Maia Sandu and Ilie Bolojan will hold a press conference […]
