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.
The famous show "Ovo" ("egg" in Portuguese), created in 2009 by Cirque du Soleil, is scheduled for April 23–26, 2026, at BT Arena in Cluj-Napoca. So far, the classic Cirque du Soleil show has delighted over 7 million spectators in 40 different countries. Despite its age, it has been reimaged, with a new set, acrobatic […]
The state-owned group Electrica is set to list the largest green corporate bond issuance in Romania, worth EUR 500 million, on the Luxembourg and Bucharest stock exchanges. According to the company's press release, the European Investment Bank is one of the key participants in the issuance. Overall investor demand at the final price exceeded the […]
Low-cost airline Wizz Air announced a major expansion of its operations in Bucharest, adding a second aircraft to its base at Băneasa Airport starting this October. The airline will relocate nine routes from Otopeni to Băneasa, five of which will be operated exclusively from the secondary airport. At the same time, six new routes will […]
The annual inflation rate in Romania rose to 5.7% in June, up from 5.45% in May, according to data published on Friday, July 11, by the National Institute of Statistics. It is the highest level this year. The consumer price index, compared to May, was 0.45%. The inflation rate from the beginning of the year, […]
A taxi driver who refused to pick up a passenger at Bucharest’s Henri Coandă International Airport on Thursday night, citing the rule that prohibits the second car in line from leaving the queue, was fined and had his professional license suspended, according to the Romanian Police. Local news channel Digi24...
Local authorities in Buzău County, in the south-east of Romania, announced the opening for traffic of the new bridge over the Buzău River on Friday, July 11. At over 1.3 km in length, it is the second-longest road bridge in the country and is part of the Lot 1 Buzău – Vadu Pașii of the […]
