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/)
Exim Banca Romaneasca diversifies its product portfolio and launches the Mastercard World card in EURO, a tool that enhances the payment experience for people who travel or work abroad, offering premium advantages, benefits, and rewards. The new EURO card from Exim Banca Romaneasca has as its main advantage the reduction of costs associated with transactions...
A report by cybersecurity company Refute uncovered a large-scale international influence operation targeting Romanian diaspora voters on TikTok ahead of the second round of Romania’s presidential elections on May 18. The report identifies approximately 32,500 TikTok videos containing slogans promoting the populist candidate George Simion and former candidate Călin Georgescu. Many of these videos are […]
Romania's gross domestic product (GDP) remained largely unchanged in the first quarter of 2025 compared to the previous quarter, according to flash estimates published on May 15 by the National Institute of Statistics (INS). The economy recorded a growth of 0.2% in gross series and 0.5% in seasonally adjusted series compared to the same quarter of […]
Iulius Mall Suceava has officially inaugurated its EUR 40 million expansion that transformed it into “the largest retail and entertainment hub in northern Romania,” according to the official announcement. Developed by IULIUS and Atterbury Europe, the project adds 16,500 sqm of new retail space, bringing the mall's total area to 60,000 sqm. The expansion introduces […]
The European Bank for Reconstruction and Development (EBRD) announced the launch of the second edition of its Star Venture program in Romania this week, following a first edition in 2022. The program provides high-potential startups with business expertise and access to finance. After the round of applications, 10 promising startups were shortlisted to showcase their […]
Non-profit BookLand started building last year a pre-university, dual-system campus in the village of Vultureşti, in southern Romania’s Argeş county. The campus will train pupils in various specializations, allowing them to work in industries ranging from hotels & restaurants to retail and food. More on how the project got off the ground and what it […]
