Prime Minister Nicolae Ciuca said on Wednesday that the first natural gas drill in the Black Sea will happen in the middle of this year, with the new exploitation expected to provide about one billion cubic metres per year, which is 10% of the annual natural gas consumption in Romania."The first Black Sea natural gas drill will be conducted by Black Sea Oil and Gas in the middle of this year and then we will have an extra billion cubic metres per year provided by this investment. (...) In the Caragele field the first dill will be in 2024, and in the Neptune Deep field, before the end of 2026-2027; we cannot hope for Black Sea natural gas earlier than late 2026-2027. We have to say that Romania is a lucky country, having this very important resource at the moment," Ciuca told TVR1 national broadcaster on Wednesday.According to Ciuca, although there is currently enough gas for consumption by the population and industry, an additional amount of about 20% of annual consumption is needed, of which 10% would be provided by the exploitation of Black Sea Oil and Gas.Ciuca added that talks with the Bulgarian prime minister would be held on Friday on the completion of an interconnection between Greece and Bulgaria, so that liquefied gas could be brought to the Mediterranean and unloaded at terminals in Greece or Turkey.With regard to electricity, Ciuca said that the European Union's renewable energy programmes are being considered, along with steps for the commissioning of the Iernut plant, the Cernavoda III and IV reactors and small modular reactors.In connection with the offshore drilling law, Ciuca gave assurances that it will shortly be approved and forwarded for promulgation.
The Romanian stock market benchmark – the BET Index – officially crossed the 20,000-point threshold on Tuesday, July 25, 2025, marking a major milestone in its recent surge. The BET has gained about 7.5% in the last month, setting several new record highs on its path to 20,000 points. However, the Bucharest Stock Exchange’s recent […]
If you operate as a crypto broker, you might have come across a crypto broker program — a specialized service designed to enhance broker operations, expand service offerings, and optimize how they serve their end clients. These platforms have grown in popularity, offering streamlined access to the digital asset space with tools designed to suit both […]
For its 2025-2026 season, the George Enescu Philharmonic will bring to Bucharest more than 70 Romanian and foreign conductors and soloists of top level, 75% of whom are present for the first time in its artistic programming, the institution said. Among the names that will take the stage of the Romanian Athenaeum in Bucharest starting this […]
The Neuman House, a protocol residence for former communist dictator Nicolae Ceaușescu situated in the city of Arad, in western Romania, is up for sale for EUR 2.4 million, according to an online listing by an international agency specializing in luxury property brokerage cited by Agerpres. The building belonged to the noble Neuman...
During a press conference held on Tuesday, July 29, Romanian prime minister Ilie Bolojan presented the main measures from the magistrates' pension reform project, which will be included in the third fiscal package. The project includes raising the retirement age and capping pensions. The reform is urgent and necessary, said the official, who also warned […]
UNICEF has launched the Romanian-language version of the podcast On My Mind (În Mintea mea), created to support young people's mental health, with the support of global streaming platform Spotify. The Romanian-language version of the podcast complements the work carried out by UNICEF in Romania, which is currently implementing an initiative aimed at promoting the […]
