The embargo on Russian oil will not affect Romania, considering that the oil companies in our country have found alternative resources and no longer bring oil from the Russian Federation, the minister of Energy, Virgil Popescu, said in a press conference on Monday."We didn't sit idle waiting for December 5 (the date the embargo came into force, ed. n.), but we held several discussions with the oil companies and all the refineries in Romania have been processing only non-Russian oil since last week, so Romania is independent from Russian oil. We will have no problems with the supply of oil and oil products, once the embargo comes into force," said the government official.According to him, the government's decision to subsidize the fuel price by 50 bani per liter proved to be good."Gas stocks are more than 2.8 billion cubic meters, we monitor them daily, there is no problem. We have no problems this winter with the supply of gas, oil or electricity. We will get through this winter," continued Popescu.He also said that Romania still supports capping the price of all gas imported into the EU.
Romanian prime minister Ilie Bolojan stated during an interview on Wednesday, December 17, that there should be no statute of limitations in cases of serious corruption. The statement comes after a Recorder investigation, which showed that several heads of the major institutions in the Romanian justice system allegedly delayed trials for years until wrongdoings were […]
President Nicușor Dan has challenged, before the Constitutional Court (CCR), the constitutionality of the law that requires that at least 40% of the athletes who play on a team in official national competitions be Romanian. Dan noted that the law violates the principle of non-discrimination and the free movement of workers, enshrined both in the […]
Craiova International Airport will open its new passenger terminal on Thursday, December 18, completing a major infrastructure investment aimed at significantly expanding capacity and improving air connectivity in southwestern Romania. It is part of a broader expansion and modernization project financed through the Large Infrastructure Operational Programme (POIM) 2014–2020, with a total value exceeding EUR […]
Romania is set to be connected to the Western European energy network thanks to grid investments worth EUR 30 billion. The funds will be provided by the EU by 2035, and the project will link Romania to Hungary and Austria in a joint project. Romanian energy minister Bogdan Ivan signaled the signing of the new […]
Franck Bagouet has been appointed managing director of TotalEnergies Marketing Romania SA and managing director of Automotive Southeast Europe Hub TotalEnergies Marketing. He succeeds Didier Grimault, who has accepted a new position within the TotalEnergies company. “I am glad to join this dynamic affiliate and confident that, together with our talented team, we will reinforce […]
Databricks, the data analytics and artificial intelligence company co-founded by Romanian professors Ion Stoica and Matei Zaharia, announced on Tuesday, December 16, that it is raising USD 4 billion in funding at a valuation of USD 134 billion, according to CNBC. The new valuation represents a 34% increase compared to the August round, when Databricks […]
