The construction of a gas pipeline Ungheni-Kishinev is costly, and from the point of view of the risk analysis, the project is nonfeasable for a commercial company, so that it should be done on European funds, appreciated on Wednesday the chair of the National Authority for Regulation in Energy (ANRE),Niculae Havrilet. ‘ The construction of a pipeline to link Ungheni and Kishinev is an ample investment element, very costly and generally hard to recover, when it is done out of a company’s money. That is why, for commercial companies which are interested to invest, from the risk analysis, it is clear that such a project is non-feasable, although it is important to access structural funds, European funds, funds for joint interests. Thus, in Moldova, there is a network of transport, the network through which gas is handled now. The doubling of this network with a new pipeline would produce a risk for investment, both for those who invested in the existing pipeline, and for those who would invest in a new pipeline’ Havrilet said, while he was at the launching of the report Expert Forum regarding the interconnection of the gas market and the deregulation of the energy market. According to Havrilet, the Ungheni area has few consumers and only through the construction of a new pipeline to link it to Kishinev, region with important consumption in Moldova, we could consider that export to the Republic of Moldova becomes a significant one and can ensure the independence from Russian gas. ‘I think, however, that it is important to link Romania to Moldova to ensure the independence, so that we see the necessary level of investments, the risk of not recovering the investments and the fact that the new pipeline should be integrated in the transport system of the Republic of Moldova’ the ANRE representative said.
Romanian prime minister Marcel Ciolacu said on Monday, February 24, that a "lasting peace" in Ukraine cannot be achieved without the involvement of the United States, and argued that Romania does not have to choose between it and the European Union. The statements come as the Trump administration is currently negotiating a resolution to the […]
Romania's acting president, Ilie Bolojan, has invited leaders of parliamentary parties to consultations on Wednesday, February 26, to prepare the country's stance for the extraordinary European Council meeting on March 6 in Brussels. The summit, convened by European Council president Antonio Costa,...
Roughly 40 searches took place in the Port of Constanța and other locations on Monday, February 24, in an investigation by the Anti-Corruption Directorate, or DNA, targeting influential local businessmen, former customs officials in the port, and one of the leaders of the Constanța branch of the governing Social Democratic Party (PSD). The prosecutors’ accusations […]
The Bucharest Community Foundation has announced funding for two new projects aimed at enhancing climate resilience in the Romanian capital by implementing sustainable ecological solutions to improve urban infrastructure and environmental quality. The projects were selected through the sixth round of the Environmental Platform for Bucharest initiative. Out of 16 eligible proposals, the jury chose […]
One of the hostages released on Saturday, February 22, by the terrorist organization Hamas also holds Romanian citizenship. The exchange took place before another setback in negotiations and exchanges. Hostages Tal Shoham and Avera Mengistu were released during a staged event in Rafah, and hostages Eliya Cohen, Omer Shem Tov, and Omer Wenkert were released […]
Polish company Scallier, who is expanding its network of Funshop Park retail parks in Romania, is set to open a new shopping center in the Arad region. The opening date for the roughly 10,000 sqm retail park is March 6. The decision to build a retail park in the Arad region in western Romania was […]
