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)
The multimedia exhibition Aici Se Vede Jazz (Here You Can See Jazz), set to open at SAC Berthelot in Bucharest, explores how jazz found its way in the pre-1990 Bucharest and “the contemporary ways to listen, visualize, perform and relate artistically to its world of sounds and ideas.” Bucharest had improvised studios, rehearsals with the […]
Aon Romania, part of the global group Aon plc, draws attention to the urgent need for structured solutions to protect trade receivables in an economic context characterized by high volatility and geopolitical uncertainty. The subject was central to the discussions at TRADE CREDIT TALKS - Receivable Protection in the Age of Volatility, where business leaders […]
Bucharest’s shopping centres posted mixed financial results in 2024, with major discrepancies between the city’s largest malls and mid-sized retail centres, according to financial analysis platform RisCo.ro. The data shows contrasts in profitability and turnover, as well as significant losses among some of the capital’s biggest retail projects. AFI Cotroceni recorded the highest turnover of […]
Nearly nine in ten Romanians expect to spend less or no more than last year on Christmas shopping, according to a new survey by tbi bank that highlights the impact of rising prices on household budgets ahead of the winter holidays. The nationwide poll, conducted in October on a sample of 1,011 respondents, shows that […]
A total of 77% of homeowners who answered a survey by ING and Ipsos said they implemented measures in the past three years to improve energy efficiency. The need to save on energy bills was the main driver of household modernization, the survey showed. Most respondents (62%) said they did so to reduce energy costs, […]
The Romanian Constitutional Court (CCR) has ruled that a series of tax increases, including higher levies on housing, land, cars based on pollution norms, and stock market gains, may take effect starting January 1, 2026, Biziday.ro reported. The Court rejected a challenge filed by the opposition party AUR against the government’s fiscal reform law, on […]
