The suppliers of natural gas will be obliged that, between 1st April and 31st October 2022 make storage in underground warehousing for natural gas – of a minimum quantity to ensure the continuity and safety of supply for their end-users or to ensure own consumption and sustainability of the price, according to the draft ordnance regarding the measures applicable to end-users on the market of electricity and natural gas between 1st April 2022 and 31st March 2023. According to the document, the whole quantity of natural gas representing the minimum stocks to be warehoused by each supplier/PET direct client must represent a minimum of 30% of the quantity of natural gas necessary to consumption to end users in the portfolio of own consumption.For the consumption between 1st April 2022 and 31st March 2023, the final prices invoiced by the suppliers of natural gas is maximum 0.31lei/kWh, VAT included, in case of household clients and maximum of 0.37lei/kWh, VAT included, in case of non-household clients whole annual consumption of natural gas made in 2021 at the place of consumption not more than 50,000 MWh.At the same time, the gas natural producers will be obliged to sell at a price set by the government quantities of natural gas from their current domestic production to or directly to suppliers of domestic customers and heat producers.
Former US first lady Michelle Obama, the wife of Barack Obama, was in Bucharest on Thursday, September 18, to serve as the main guest at the second edition of the Impact Bucharest series of conferences. The former first lady spent about an hour in front of a large audience, speaking about her childhood in a […]
Czech president Petr Pavel spent a few days in Romania at the beginning of September while on holiday. According to statement by the Romanian Embassy in Prague, the Czech leader traveled mountain routes by motorcycle and chose modest accommodations. Pavel tried to see as much of what Romania had to offer. He planned his routes, […]
Romania is taking tangible action toward its green transition through sustainable infrastructure projects, public‑private partnerships and green bonds. Experts, government officials and business leaders have gathered today at the CES Bucharest ESG Conference, to present progress and identify solutions through which the public and private sectors can collaborate to build a sustainable and competitive economy. […]
Prime minister Ilie Bolojan announced that he will visit Brussels next week to talk to three European commissioners about deficits, defense, and EU financing. The first meeting will be with the commissioner for economy, Valdis Dombrovskis, as Romania “must adjust the issues related to deficits to be a trustworthy country, so as not to continue […]
A large majority of Romanians, namely 85%, have heard of celebrated composer George Enescu, according to the third edition of the Informat.ro – INSCOP Research Barometer conducted earlier this month. However, the survey shows a slight decline in cultural awareness compared to 2013, particularly among younger generations. The
The volume of trade between Romania and China was almost USD 9.3 billion in 2024, according to official statistics. Trade between the two, however, is not balanced. Romania registered a USD 7.7 billion deficit with China, and a USD 2.1 billion deficit in the first quarter of 2025 as well. The People’s Republic of China […]
