Prime Minister Ilie Bolojan announced that the Oil Law has been amended by the Government to clarify international sanctions in the area of exploitation and exploration of resources, as well as the legal aspects in the event of unilateral termination of agreements in the field in which there are multiple holders."The second important ordinance adopted is the one amending Oil Law 238/2004, which clarifies two important aspects. On the one hand, how international sanctions are applied in the area of exploitation and exploration of petroleum resources, in such a way that the interests of our country are protected, and also clarifies the legal aspects in the event of unilateral termination of petroleum agreements in which there are multiple holders, in such a way that the interests of our country are protected", Bolojan specified.He mentioned that, on the sanctions component, an extension was agreed until the spring of next year."So there is no longer, let's say, immediate pressure, but this project is very important because it clarifies all these aspects and creates a legal framework in which our interests are protected in this field of exploitation, for example in the Black Sea area and in what means gas or oil resource exploitation," the prime minister emphasized.
The fund Cultura Face Bine, a national funding mechanism for cultural projects backed by private-sector financing, will begin supporting local cultural organizations in 2026. The fund aims to support grassroots cultural initiatives with a proven impact in their communities and which need resources to continue, develop, or transform their activities. The funding mechanism has been […]
The European Commission (EC) announced on Thursday, December 11, that it is referring Romania to the Court of Justice of the European Union (CJEU) for failing to meet obligations under Ambient Air Quality Directives. According to the Commission, Romania has not ensured that its national air quality monitoring network complies with legally required standards on […]
The Bucharest Court of Appeal (CAB) held an unprecedented press conference on Thursday, December 11, in response to allegations raised in a recent media investigation published by Recorder, with court president Liana Arsenie firmly rejecting the claims. However, at the start of the press event, a judge from within the institution publicly stated that the […]
Romania’s Superior Council of Magistracy (CSM) issued its first response to the Recorder documentary alleging systemic manipulation within the justice system, calling the investigation an amplification of a “campaign to destabilize judicial authority.” The council said on Thursday, December 11, that it will evaluate what measures need to be taken following the report. In a […]
MedLife, Romania’s largest private medical services network, announced on Wednesday, December 10, that it reached a market capitalization of EUR 1 billion on the Bucharest Stock Exchange (BVB). The milestone secures its position as “the most valuable healthcare company” in the country. The achievement came nine years after MedLife’s listing on BVB in December 2016, […]