Prime minister Marcel Ciolacu on Tuesday had a meeting at the Victoria Palace with the OMV Petrom delegation led by Alfred Stern, CEO of OMV, during which they discussed the current status of the gas exploitation at the Black Sea - Neptun Deep, as well as about other investment projects in the field of energy, according to a press release of the Government."The close collaboration between the government authorities, OMV Petrom and Romgaz makes Neptun Deep move forward according to the schedule. The government will continue to firmly support this project, considering the benefits brought to Romania and the Romanians. In the amount of 4 billion euros, this investment will ensure the necessary energy for the citizens and the national economy and will make Romania an important player on the European market," said prime minister Marcel Ciolacu, quoted in the press release.Deputy PM Marian Neacsu, the head of the Prime Minister's Chancellery, Alexandru Ghigiu, the president of the National Regulatory Authority in the Mining, Oil and Geological Storage of Carbon Dioxide, Adriana Petcu also participated in the meeting.On behalf of OMV, Alfred Stern, CEO of the OMV supervisory board, Cristina Verchere, CEO of OMV Petrom, and Alexandru Maximescu, vice-president of OMV Petrom, were present at the meeting. (Photo:https://gov.ro/)
OMV Petrom, the second largest company listed on the Bucharest Stock Exchange, announced on September 16 that the Board of Directors proposes to shareholders the distribution of a special dividend in a gross value of RON 0.0200 per share, equivalent to approximately RON 1.246 billion (EUR 250 million). The company’s market capitalisation reached RON 53 […]
However, prices and lack of information discourage Romanians from making such purchases. More than half of Romanians (52%) say they adopt sustainable behavior in their daily lives and 53% frequently buy sustainable products, according to a study conducted by the BUCHAREST CENTER FOR ECONOMY & SOCIETY (CES Bucharest). The most sought-after sustainable products are food, […]
Romanian telecommunications group Digi Communications said on September 16 that it does not intend to cede control of any of its subsidiaries, including Digi Spain, amid reports that it is preparing the Spanish unit for a stock market debut in 2026, Profit.ro...
Dragged down by the Dacia factory, Romania's car production fell by 2.7% y/y to 346,800 units after the first eight months of this year. Ford Otosan surpassed Renault's subsidiary in both July and August, marking the largest output this year. The report of the Romanian Automobile Manufacturers Association (ACAROM) on the car production of the […]
Tanczos Barna, deputy prime minister of Romania and former minister of finance, announced that the government will soon come up with tax credit solutions for entrepreneurs who invest in research and development and, moreover, is considering granting facilities to all those who come with new investments, especially in the area of technology and industrial production. […]
Finance minister Alexandru Nazare said on September 16 that Romania will end 2025 with a fiscal deficit that will exceed 8% of GDP, but assured that the new target is currently being negotiated and discussed with the European Commission. The EC is expected to review Romania's budgetary conduct under the Excessive Deficit Procedure on October […]
