Chairman of the Management Board of JSC NC KazMunayGas, Askhat Khassenov, met today with the Prime Minister of Romania, Marcel Ciolacu, in Bucharest. Both parties confirmed the importance of strengthening the Kazakh-Romanian economic cooperation considering the activity of KMG International (Rompetrol), a subsidiary company of KMG in Romania. KMG International is among the top five largest taxpayers and one of the largest employers in the country . Despite the current challenges in the international energy market, Kazakhstan remains a reliable partner and a key supplier of petroleum products, contributing to the energy security. “Romania is our most important partner in the European Union, which is confirmed by substantial oil supplies and KMG's role in the domestic refining industry. Over time, Petromidia’s refining capacity has grown to 5.5 million tons annually. The refinery is among the most advanced in the area, with an 88% yield of white petroleum products”, stated Askhat Khassenov, Chairman of the Management Board of KazMunayGas. Also, aspects of the investment climate, as well as ensuring reliable and sustainable operation of KazMunayGas assets in Romania were discussed. The Chairman of the Management Board of KMG also met today with Sebastian Burduja, the Romanian Minister of Energy. The parties talked about potential avenues and prospects for further cooperation in the oil and gas field. (Photo:JSC NC KazMunayGas)
Participation in cultural education activities continues to be limited, with the main barriers being difficult access, insufficient knowledge, and cost, the recently released Cultural Consumption Barometer 2024 shows. The report showed that many Romanians still associate culture with entertainment rather than with personal development or furthering their knowledge. The need for relaxation dominates in cultural […]
Roughly 84% of Romanians say that the pace of the state’s digitalization is slow or very slow, according to an Edge Institute & AtlasIntel study presented at the Digital Governance Summit 2025, which took place on Tuesday, November 25, at the presidential palace in Bucharest. The survey aims to capture the way citizens relate to […]
Romania’s Superior Council of Magistracy (CSM) issued a negative opinion on the new bill regarding magistrates’ pensions. The move is only the latest development concerning a heated issue that led to tensions between the executive and the judiciary branch. CSM’s opinion is consultative, and the government led by Ilie Bolojan can still take responsibility for […]
Romania took the presidency of the Central European Initiative (or CEI) on Wednesday, November 26, according to a press release from the Ministry of Foreign Affairs (MAE). The organization is a regional intergovernmental forum established in 1989, following the fall of the Berlin Wall. It gathers 17 Member States in Central, Eastern, and South-Eastern Europe […]
Trade between Romania and Poland continues to grow, with annual bilateral exchanges in goods now valued at more than EUR 12 billion, according to figures presented by the Polish-Romanian Bilateral Chamber of Commerce and Industry (PRBCC). The data was released during a reception in Bucharest marking Poland’s Independence Day and Romania’s National Day. Polish investments […]
As Romania moves closer to implementing the EU Pay Transparency Directive, local employers are preparing for one of the most consequential shifts in workplace regulation in over a decade. The directive, set for transposition by June 2026, introduces strict new rules on salary disclosure, pay reporting, and equal-pay verification, aiming to close persistent gender gaps […]
