The amendments to the Offshore Law, expected to unlock the natural gas projects in Romania's Black Sea perimeter, are likely to climb up fast in the agenda of the lawmakers after President Klaus Iohannis mentioned the energy independence (besides larger defense spending) as a strategic medium-term target. Iohannis, indeed in his speech on March 1, mentioned the nuclear and renewables sectors as elements of energy independence, but natural gas is a key transition element, and possibly the role of coal as a "resource of last resort" will be slightly reviewed. Romanian Senate's speaker Florin Citu, who also leads the junior ruling Liberal party PNL, on March 2 expressed support for the new Offshore Law drafted by the Ministry of Energy (that his party is managing) and mentioned a 60:40 split between state and field operator, of the gains generated by the Black Sea natural gas. Florin Citu said that "PNL supports the variant already presented by the Ministry of Energy, with 60% of the revenues going to the Romanian state, 40% to the other parties," News.ro reported. He also said that this was the starting point for further negotiations. Black Se Oil and gas, a Carlyle investment fund company, is close to starting gas deliveries from the field it operates in Romania's Black Sea, but OMV Petrom has been more cautious with its investments in its Neptun Deep perimeter: the investment decision is going to be deferred for 2023 unless the lawmakers move fast with the Offshore Law, its management warned.
A street in Bucharest’s District 3 has been closed to traffic after the state-owned gas network operator Transgaz warned that it had been built over natural gas pipelines in violation of safety standards. Brățării Street was allegedly built by the District 3 City Hall in the area without proper measures in place. Vehicular traffic over […]
Paysera is strengthening its position in Romania by targeting a gap long overlooked by traditional banks: affordable, fully digital financial services for small and medium-sized businesses. In an interview with Romania Insider, Daniel Turbatu, Country Manager of Paysera Romania, says the company’s biggest advantage remains its free business account, which can be opened entirely online […]
DN Agrar Group (BVB: DN), one of the leading integrated agrifood companies in Romania and the largest dairy milk producer in Europe, reported record results for the first nine months of 2025. The company achieved a turnover of RON 158 million, a 25% increase year-on-year, while net profit doubled to RON 43 million, backed by […]
Presidential adviser Ludovic Orban is leaving his position after just six weeks in office, following a mutual agreement with president Nicușor Dan to end their collaboration, the Presidential Administration announced on Tuesday, November 18, as reported by Agerpres. Orban, a former prime...
Yellow Fresh Fruits has quickly emerged as one of Romania’s most dynamic fresh fruit importers, reshaping a market where consistency and speed increasingly define competitiveness. In an interview with Romania Insider, Fryderyk Schiller, COO of Yellow Fresh Fruits, outlines how the company expanded from its Polish origins to operating advanced ripening centers in Timișoara, Bucharest, […]
The design phase for the most difficult section of the A8 highway, namely Lot 2B Grinţieş-Pipirig, has begun, according to a statement given by Romanian transport minister Ciprian Şerban on Monday, November 18. The contract for the section, valued at RON 5.97 billion (EUR 1.17 billion), was signed at the end of October. In total, […]
