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.
On November 20th, 2025, the Bucharest Stock Exchange (BVB) celebrated 30 years since its reopening, organizing a series of anniversary events along with various representatives of the Romanian capital market. Three decades ago, the first transactions took place on the BVB, and the Romanian investment landscape as we know it today began to take shape. […]
With the holidays just around the corner, we’ve created the new Collection of Boromir Infused Cozonac with natural vanilla syrup and pistachio. Unique, slightly moist, and richly filled, our latest assortments of Boromir Infused Cozonac make every festive moment with your loved ones even more special. Each bite melts in your mouth, bringing warmth, comfort, […]
Romanian airline AnimaWings announced on Friday, November 21, that starting in 2026, it will operate five new air routes from Timișoara International Airport, serving holiday destinations in Italy and Greece. The new connections include Athens (ATH), Olbia – Sardinia (OLB), Kefalonia (EFL), Thessaloniki (SKG), and Kavala (KVA). “We want Timișoara to become a reference point […]
President Nicușor Dan promulgated a law establishing October 29 as Queen Marie Day, following the bill’s adoption by the Chamber of Deputies on October 28, news agency Agerpres reported. The new law designates the date as a day dedicated to commemorating the life and historical contribution of Queen Marie of Romania. On October 29, public […]
Horaţiu Potra, the mercenary leader with alleged ties to Russia who previously fled Romania, was placed under preventive arrest for 30 days after his extradition from Dubai. He is investigated for attempted actions against the constitutional order, violation of the regime of weapons and ammunition, and violation of the regime of explosive materials. The same preventive […]
Nicușor Dan is the political figure in whom Bucharest residents have the most trust, according to a survey by INSCOP Research. The former mayor, now head of state, is followed by prime minister Ilie Bolojan. More precisely, 44.2% of the total sample state that they have quite a lot or very much trust in Nicușor […]
