The president of Hungary, Novak Katalin, said on Wednesday, following a meeting with the president of Romania, Klaus Iohannis, that Hungary "signals" its intention to buy more gas from Romania to reduce dependence on Russia and argued that exploitation projects such as Black Sea's Neptun Deep should be financially supported by the European Union.Asked by journalists if Hungary is negotiating with Romania to buy gas from Neptun Deep, the Hungarian president said that this Romanian project "is a new possibility that is opening up" for her country to diversify its sources of supply."I'm glad that this investment has started. I think it would be good if this investment was also helped by European funds to make it happen. I signal Hungary's intention to buy even more gas, because in this way we could further diversify current energy resources and we would reduce our dependence on Russia. We are in discussions on this issue," said Novak Katalin.President Klaus Iohannis declared that "Romania can become a partner and a relevant supplier of energy for Hungary"."Romania has natural gas resources on land, but lately important resources have also been found in the area of territorial waters, the coastal area. An investment there is planned by an association between two companies, one European and one Romanian. I do not want to nominate them, but progress is being made and we expect that in the fairly near future this resource can be exploited. In this case, it is very clear that Romania can become a relevant partner and supplier of energy for Hungary, and I think it would be a very good thing, because Hungary and Romania and all of Europe want to disconnect from Russian resources. We want to have other sources of energy. Of course, in detail these matters are resolved on a commercial basis, it is the companies that will exploit, the shipping companies, the importing companies, but for these things to work very well, we need a good interconnection between our economies and, specifically, a good physical interconnection, and I understood that there is a desire on both sides to take determined steps in this direction. So, here is a very good opportunity for Romania and Hungary to become strategic partners in the field of energy as well," declared Iohannis.
This article series tells the stories of the 15 finalists selected in the BVB Arena program. BVB Arena is the flagship program of the Bucharest Stock Exchange, dedicated to developing and promoting the Romanian entrepreneurial environment. The program’s goal is to select and promote Romanian companies that have the greatest growth potential and high chances […]
Salt Bank, the first 100% digital Romanian bank built entirely from scratch, has been named by Celent as the 2025 Model Bank for Digital Bank Launch. Celent is one of the world’s most prestigious research and advisory firms focused on technology for financial institutions. By receiving the title of "2025 Model Bank for Digital Bank […]
The 8th edition of the national educational program “Healthy Lifestyle, Diverse Nutrition and an Eco-Responsible Attitude” under the motto “Good for Taste, Good for Health, Good for the Planet!” has concluded. The program was organized by the Taste Celebration Association and funded by the Auchan Foundation with 100,000 euros. The program aims to convey to […]
Romania's budget deficit, meaning the gap between revenues and expenditures, reached 3.39% of GDP after the first five months of the year, while the new government grapples with balancing initiatives. The deficit increased compared to the first four months, when it stood at 2.95% of GDP, and remained roughly stable compared to the first five […]
eLog, a Balkan-based provider of reusable transport packaging systems for the retail sector, has entered the Romanian market by leasing 4,000 sqm of warehouse and office space at CTPark Bucharest North. The facility, developed by CTP, will serve as eLog’s first operational hub in Romania, supporting its expansion into local retail logistics. Specializing in Retail […]
More than three-quarters of Romanians (76%) see Artificial Intelligence as an opportunity for the economy and society, although half of them also acknowledge its risks, according to a new RoCoach and Novel Research study. Overall, over one-third of respondents (35.7%) believe that AI will primarily lead to job losses, even if new types of roles […]
