The two Romanian gas producers, Petrom and Tomgaz, have limited the gas quantity delivered to the market, so the price has gone up and suppliers must import more gas from Russia, which is more expensive, the CEO of Engie Romania, Eric Stab, said on Tuesday. He explained that all of these will be reflected in the bills that are paid by the final consumers, which will have to be increased by the National Regulatory Authority for Energy (ANRE). “The price of gas on the market is rising due to several causes. Firstly, this occurs as a result of the fact that imported gas is more expensive, but also because there is not enough gas on the market put up for sale by the Romanian producers, Petrom and Romgaz. They simply say that they are out of gas,” Stab said. The Engie Chairman showed that the obligation of all suppliers to store gas for winter is added to these. “We hope that there will be more gas on the market in the first quarter of next year, because otherwise we will be forced to import even more, and the import price is rising, being linked to the oil quotations,” he said. Stab explained that this is also caused by the high prices on the energy market, which determined Petrom and Romgaz to direct more gas from their own production to the plants that they own in Brazi and Iernut respectively. The head of Engie declined to say what the price of the imported gas due to be delivered in winter, but he specified that he presented the ANRE the documents showing that the final price will have to be increased. Asked if Romania will have enough gas this winter, the Engie official replied: “I do not know, it depends on the winter, only God knows.” “We must be prepared. The Government must have an emergency plan, that will tell us what to do and how to intervene if need be, a plan which does not exist now,” he added.
The ECOTECA Association, in partnership with the Ministry of Environment, Waters and Forests, is organizing the conference “Return & Recycle Insights – 2 Years of DRS in Romania”, which will take place on 26 November 2025, between 09:00 – 13:00, at the Bucharest University of Economic Studies (ASE). The event will bring together representatives […]
Nine years after opening its doors, Veranda Mall enters its most exciting chapter yet. What began as a project to breathe new life into the Obor neighborhood has evolved into one of Bucharest’s most beloved destinations for shopping, leisure, and connection. As it marks this anniversary, Veranda unveils a winter events lineup rich in culture, […]
Purcari Wineries (BVB: WINE), CEE’s leading wine producer, announced its financial results for the first nine months of 2025 on Friday, November 14. The company saw a decline of 1.46% in pretax EBITDA earnings from the similar period last year. Specifically, earnings decreased to RON 84.66 million from RON 85.92 million last year. Meanwhile, group […]
With a solid 35-year uninterrupted presence on the Romanian market, Darian—one of the longest-standing consultancy groups with fully Romanian capital—reaffirms its role as a strategic partner for the business environment. Darian marks this anniversary not through grand promises, but by strengthening its core working philosophy: acting as a “co-pilot” for complex decision-making. The company emphasizes […]
The National Bank of Romania (BNR) revised its inflation forecast upward, from 8.8% to 9.6%, for the end of 2025. The institution anticipates that inflation will reach 3.7% at the end of 2026, compared to 3% in the previous forecast, according to data presented on Friday, November 14, by governor Mugur Isărescu. Compared to the […]
The state-owned company Transelectrica (BVB: TEL), the operator of the Romanian national energy system, recorded a net profit of RON 183 million in the first nine months of the year, down 56% compared to the same period last year. Operating revenues fell by 2%, to RON 1.716 billion, mainly due to the decrease in revenues […]
