The development of upstream projects in the Black Sea could require total investments of EUR 16 billion, said on Monday Ionut Ciobotaru, vice-president of Business Development at OMV Petrom.Ciobotaru participated in the Romanian International Gas Conference, organized by the Romanian Oil and Gas Federation of Romania and the Energy Policy Group."At the moment, we are the second largest producer of gas in the EU and we hope to reach the first place, because we have the gas from the Black Sea and we have a history of gas," Ciobotaru said.The improvement of gas interconnections with other countries is also essential."The Neptun Deep project represents a huge opportunity for Romania, not only for energy security. Such a project (...) will create many jobs and will bring a lot of gas and taxes to the state, and we as a country can use these resources not only to become the largest gas supplier in the EU, but also to finance the energy transition in the coming period," said OMV Petrom official.In his opinion, Romania has the potential to become the first gas producer in Europe.Regarding Neptune Deep, he said: "If the final investment decision is 2023, we estimate that production will start in 2027. If everything is prepared faster, we can move faster. The project will generate other horizontal investments and other jobs."Last week, company officials said the reserves in Neptune Deep amounted to 100 billion cubic meters of gas.
In the absence of current negative influences, Romania’s economy could have an annual growth potential of 3-4%. Political instability and global geopolitical risks are dampening growth. Economic growth in 2024 was driven by wage increases and accelerating consumption, satisfied however largely through imports. Due to a decline in domestic economic competitiveness, net exports contributed negatively […]
The Bucharest Stock Exchange (BVB) announced on Thursday, March 13, the launch of a new financial education section on the BVB Research Hub platform, dedicated to retail investors. The capital market operator said that it started this project out of the need to increase the level of financial education and promote the investment culture. It […]
The Romanian governing coalition's presidential candidate, Crin Antonescu, announced on Thursday, March 13, that he is launching a podcast designed to popularize his candidacy before the May elections. Antonescu, who is backed by the alliance made up of the Liberals (PNL), Social Democrats (PSD), the Democratic Alliance of Hungarians (UDMR), and the minorities, stated that he will […]
Some 4,500 teachers will learn about rights and responsibilities online, accessibility, inclusion, online well-being, and ethics as part of Incubatorul Civic Digital (ICD - The Civic Digital Incubator), a digital citizenship and democratic culture project implemented by Institutul Intercultural Timișoara, Asociația TechSoup and Școala de Valori. The project, which offers free training, is aimed at […]
Mihaela Murariu, Attorney at Law at Grecu Partners Business Law Firm, analyzes the impact of Artificial Intelligence on personal data protection. Artificial intelligence (AI) has become a ubiquitous technology, used in more and more fields, from marketing and healthcare to recruitment and financial services. However, the widespread use of AI raises numerous questions about privacy […]
Starting next week, the gardens and interior of the presidential Cotroceni Palace in Bucharest will be open to visitors every weekend, from Friday to Sunday. Interim president Ilie Bolojan announced the initiative, emphasizing it as a gesture of respect and openness from the Presidential Administration. “Every weekend, from Friday to Sunday, this entire area, including […]
