The increase in natural gas prices is directed by the Russian Federation, through Gazprom, stated, on Friday, the Minister of Economy, Virgil Popescu, on Facebook."My opinion, regarding gas, is that after Nord Stream 2 is operational we will see a drop in price," claimed Virgil Popescu.On the subject of electricity prices, the Minister of Energy mentioned that the producers that don't use fossil fuels are presently selling energy at the marginal price on the market, in the context in which the Green Deal increased by over 100 pct the price of carbon certificates paid by producers of energy sourced from fossil fuels."Referring with electricity, the Green Deal led to an increase from 22 to 55 euro of the CO2 certificate. All the other producers that do not use fossil energy, that don't pay CO2, they sell energy with the marginal price of the market, that's the reason for this increase, corroborated with economic growth, with a return from the pandemic, an increase of electricity both in Europe and in Asia, where there is a lot of consumption. Both in electricity, as well as in gas, the increase of consumption was very high," said Virgil Popescu.The Minister of Energy stated that 10 million Romanians will receive this winter money from the Government for the payment of gas and electricity bills.Minister Popescu also showed that the main concern of the institution he leads is the creation of new production capacities for electricity and the development of the gas transport network, recalling that during the "Black Sea and Balkans Security Forum" conference he reiterated that the development of nuclear energy is essential for decarbonation.
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 […]
