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.
More than a dozen individuals, among which bar administrators, bartenders, waiters, and hostesses, have been brought to trial by prosecutors on charges of intoxicating foreign tourists who visited two establishments in the Bucharest Old Town, after which they robbed them or emptied their bank accounts. In total, 16 individuals and two companies have been charged […]
Romanian Major General Florin Barbu is set to take command of the EU’s EUFOR ALTHEA mission in Bosnia and Herzegovina (BiH). As a result, Romania will hold the command of two of the nine military operations and missions conducted under the Common Security and Defence Policy to which it contributes personnel. Aside from holding command […]
The National Chamber Choir "Madrigal – Marin Constantin" will mark Romania's National Culture Day with an extraordinary concert titled MADRIGAL – DESPRE CULTURĂ on Tuesday, January 14, in the Aula Magna of the Patriarchate Palace in Bucharest. Under the baton of conductor Anna Ungureanu, the event will celebrate the richness of Romanian cultural heritage, spanning […]
The top players in tennis will participate in Transylvania Open WTA 250, a tournament that will take place between February 1 and 9, 2025, at BT Arena in Cluj-Napoca, Romania. The list begins with Anastasia Potapova, ranked 35th in the WTA rankings. In 2023, she claimed her second WTA title by winning the Linz tournament, […]
Romania has remained one of the most affordable property markets in Central and Eastern Europe (CEE), with housing prices growing slower than income levels. This trend is in contrast to neighboring countries like Poland, the Czech Republic, and Hungary, which saw significant increases in both property prices and rents, according to Colliers' latest analysis. In […]
Mihai Spulber (picture, right), currently SVP operations and supply chain at Mega Image, will assume the role of brand president at Profi effective July 1, 2025, replacing current CEO Gaetan Pacton. The change at the top comes after Ahold Delhaize, the company behind Mega Image, completed the acquisition of Profi in Romania, welcoming the brand […]
