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.
Vaunt, a Romanian real estate technology platform, is expanding into the United States after surpassing 80 clients and a transaction portfolio of nearly EUR 860 million. The expansion targets New York and Miami specifically. “Vaunt is a platform that helps real estate developers manage the sales process from the moment they receive the building permit until […]
IVF clinic Embryos, majority-owned by investment firm Integral Capital Group, has acquired the Oradea-based Calla Infertility Diagnostic and Treatment Center. The move is part of the development strategy of the network Embryos, which started in 2025 with the opening of a clinic in Buzău and the acquisition of Adella Clinic in Sofia, Bulgaria. The turnover […]
Romania has 56 companies included in the 17th edition of the Coface CEE Top 500 ranking, which shows how the largest companies in the region are navigating the current business landscape. The country climbed two positions from last year but remains underrepresented. The companies are ranked by turnover, analyzing additional indicators such as workforce size, business […]
Romania's Instant Factoring announced its participation in a cross-border securitization transaction valued at up to EUR 30 million. The move, the company said, "opens a new stage of growth for both Romanian fintech and the alternative financing market in Romania and Spain." The transaction involved the establishment of a securitization fund - Instant Factoring 2025-I, […]
Meta Estate Trust, a holding company active in the real estate sector and listed on the Bucharest Stock Exchange (BVB) under the symbol MET, announced that it signed the mandate agreement with its new Chief Executive Officer (CEO), Dan Petrișor. The appointment decision was made by the Board of Directors on October 31, and the […]
Former star coach Emerich Jenei, one for Romania's best, passed away on November 5, 2025, at the age of 88. He achieved the greatest performance of Romanian football: winning the European Champions Cup with Steaua București on May 7, 1986, in Seville, in the famous final against F.C. Barcelona. Emeric Alexandru Ienei (Imre Sándor Jenei) […]
