Romania can become a “Blue hydrogen valley”in EU, as it has gas resources, carbon storage capacities and varied industry which can use this resource, said Ionut Ciubotaru, vicepresident for business development, OMV Petrom, at a conference on Tuesday. “At present we are the second gas producers in EU after the Netherlands and we have a big opportunity to become the first largest natural gas producer in EU, if we access gas resources in the Black Sea, with all advantages this investment can bring along in point of jobs, state budget incomes and Romania's independence from imports. If we do not have these resources, Price Waterhouse Coopers foresees that 50% of the necessary has consumption will come from import in 2030,” Ciubotaru said at the conference “Hydrogen Project- first steps in Romania,” organized by Energynomics.ro. Moreover, Romania can store carbon dioxide in empty crude and gas reservoirs. “Obviously, tests must be done and the law adjusted, but there is this possibility, we should take it into account and have in view that we may become one of the largest carbon dioxide stock owners in EU,” the OMV Petrom official continued. At the same time, Romania has a varied industry where hydrogen can be used. “Romania has a very good industrial diversity, which leads us to the idea that maybe we will have local hydrogen consumers in the future. I am mentioning all these three arguments for a concept we are trying to promote, that Romania can become a “Blue hydrogen valley in EU,” Ciubotaru added. In his turn, Ioan Iordache, the CEO of the Association for Hydrogen Energy, said that hydrogen can be stored in salt mines on a long run. “We are talking about storing hydrogen in underground salt caves. Storing on a long run, in large quantities. In Romania we have this potential and we are among the first to have studied and written about it,”Iordache showed at the same conference.
Vaunt, a Romanian real estate technology platform, is expanding into the United States after surpassing 80 clients and a transaction portfolio of nearly EUR 860 million. The expansion targets New York and Miami specifically. “Vaunt is a platform that helps real estate developers manage the sales process from the moment they receive the building permit until […]
IVF clinic Embryos, majority-owned by investment firm Integral Capital Group, has acquired the Oradea-based Calla Infertility Diagnostic and Treatment Center. The move is part of the development strategy of the network Embryos, which started in 2025 with the opening of a clinic in Buzău and the acquisition of Adella Clinic in Sofia, Bulgaria. The turnover […]
Romania has 56 companies included in the 17th edition of the Coface CEE Top 500 ranking, which shows how the largest companies in the region are navigating the current business landscape. The country climbed two positions from last year but remains underrepresented. The companies are ranked by turnover, analyzing additional indicators such as workforce size, business […]
Romania's Instant Factoring announced its participation in a cross-border securitization transaction valued at up to EUR 30 million. The move, the company said, "opens a new stage of growth for both Romanian fintech and the alternative financing market in Romania and Spain." The transaction involved the establishment of a securitization fund - Instant Factoring 2025-I, […]
Meta Estate Trust, a holding company active in the real estate sector and listed on the Bucharest Stock Exchange (BVB) under the symbol MET, announced that it signed the mandate agreement with its new Chief Executive Officer (CEO), Dan Petrișor. The appointment decision was made by the Board of Directors on October 31, and the […]
Former star coach Emerich Jenei, one for Romania's best, passed away on November 5, 2025, at the age of 88. He achieved the greatest performance of Romanian football: winning the European Champions Cup with Steaua București on May 7, 1986, in Seville, in the famous final against F.C. Barcelona. Emeric Alexandru Ienei (Imre Sándor Jenei) […]
