Greenpeace Romania activists request the Bucharest Court to "immediately suspend" the environmental agreement for the Neptun Deep project and claim that the Constanta Environmental Protection Agency issued the environmental agreement in serious violation of the legal provisions and associated procedures."While OMV Petrom and Romgaz claim that the carbon footprint of the Neptun Deep project is zero, that these emissions do not exist, we will certainly feel their impact. Even in the last weeks, Romania has faced consecutive heat waves, severe drought and quantitatively significant precipitation. This project will only fuel the climate crisis we are facing, threaten marine biodiversity and endanger public health. We will continue the series of public awareness events, protests and actions in court and we will hold accountable all the authorities and companies that tried to destroy the Black Sea," said Alin Tanase, Greenpeace Romania campaign coordinator, in a press release sent on Monday.In the view of Greenpeace Romania, the Neptun Deep project raises serious concerns related to environmental protection, climate change and compliance with legislation.Until now, Greenpeace Romania has sued the OMV Petrom and Romgaz companies, the Tuzla City Hall and Local Council, the Dobrogea Water Basin Administration - Littoral and the Grigore Antipa National Research - Marine Development Institute for irregularities in the approval processes and lack of transparency in connection with crucial data regarding the toxic substances that will be discharged into the Black Sea.The organization also launched a petition to protect the Black Sea and stop the Neptun Deep project, which collected over 37,000 signatures.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
