Serinus Energy, owner of the Winstar Satu Mare oil company, has announced that it could start commercial exploitation at the Moftinu-1001 well located within the Satu Mare perimeter, after tests conducted after the well was drilled pointed to a natural gas deposit of approximately 481.4 million cubic meters. “We are very pleased with the results [...]
Oana Gheorghiu, co-founder of the non-profit organization Dăruiește Viață, which built a hospital for children entirely with private donations, was officially sworn in as deputy prime minister on Thursday, October 30. Her appointment followed the proposal by prime minister Ilie Bolojan to fill the post left vacant after the resignation of Dragoș Anastasiu. President Nicușor […]
Romanian prime minister Ilie Bolojan said the government is unlikely to raise the minimum gross basic salary in 2026, arguing that such a move would trigger a chain reaction of wage increases across the public sector and impose an unsustainable burden on the state budget, Ziarul Financiar reported. ...
Russian operatives with ties to the Kremlin are reportedly attempting to prevent the extradition of Horatiu Potra, a former French Foreign Legionnaire and bodyguard turned alleged financier of Romanian isolationist leader Călin Georgescu,
Romania's e-commerce platform eMAG will use the cloud hosting and AI services provided by Tencent Cloud, the cloud division of the Chinese group and the world's largest gaming company Tencent, Profit.ro reported. The partnership is aimed "to provide smooth and highly...
Romanian state-controlled power producer Hidroelectrica (BVB: H2O) reported a 23% year-on-year decline in net electricity generation to 8,473 GWh in the January–September period, according to operational data published on the Bucharest Stock Exchange. The company, valued at RON 55 billion (EUR 11 billion), said the reduction was largely driven by lower hydrological flows,
The agro-industrial conglomerate Trans-Oil Group, one of the largest players in the Black Sea region, with a focus on the Republic of Moldova but also active in Romania, Serbia, Turkey, and Asia, is analysing a possible listing on the Bucharest Stock Exchange as part of its strategy to diversify its financing sources, according to
