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.
Ireland can be seen as one of the most important business hubs in Europe and the European Union, as many international companies have established regional headquarters there. If you are looking for a country to expand your enterprise, you should definitely consider Ireland for several reasons that are presented below. Location and language The first […]
Cyprus is mostly known as a tourist destination. However, there is also a business side to it, as many investors choose it to open companies because of the favorable taxation system. Apart from its low corporate tax rate, there are a few more reasons why you should choose it if you are looking for a […]
The Romanian Commercial Code provides for various types of entities that can be created by natural persons and companies, local or foreign. Each of them has its own particularities, which can give it various advantages. How do you choose among them? We will review the main types of companies and their pros to help you […]
A new alley named after Romanian diplomat Nicolae Titulescu was inaugurated on Tuesday, December 9, in Paris’s Parc Monceau during a ceremony attended by Romania’s president Nicușor Dan and Paris mayor Anne Hidalgo. “I expressed my appreciation for the decision to name an alley in the beautiful Parc Monceau in Paris after the great Romanian […]
Oxygen Resort, a development located in central Romania’s Harghita county, has inaugurated its first bungalows. The first 18 bungalows are already functional, with another 17 units to be completed in the next stage, bringing the total to 35. The inauguration of the bungalows “marks the transition from a center dedicated predominantly to recreational activities to […]
Romania carried out a new medical evacuation mission for civilians from Gaza on Monday, December 8, transporting eight Palestinian patients and 29 accompanying relatives to Bucharest for treatment, according to the Department for Emergency Situations (DSU). The patients were evacuated aboard a Romanian Air Force C-130 Hercules aircraft after lacking access to adequate medical care. […]
