Prime Minister Marcel Ciolacu on Monday stated, during the meeting with OMV Petrom representatives, that Romania will continue to support the Neptun Deep project, just as it will continue to support its own arguments regarding the country's accession to the Schengen area, including by presenting them in front of the European courts. He stated before this meeting that there is an offshore law in Romania and he has no intention of negotiating it.According to a press release sent on Monday by the Government, the head of the Executive expressed his hope that "the attitude of the Austrian Prime Minister, Karl Nehammer, to continue to oppose completely unjustifiably" Romania's accession to Schengen, will not affect the image of OMV Petrom in Romania, as "such a situation would be undesirable" for both parties."We will continue to support the Neptun Deep project and move forward based on the current form of the offshore law, just as Romania will continue to support its arguments regarding the conuntry's accession to the Schengen area, including with the European courts, if Austria does not change its position," stated Marcel Ciolacu.The Prime Minister showed that the Romanian state supports "with all determination" the strategic project in which OMV Petrom is associated with the state company Romgaz, a project that will bring our country energy "independence.""It is the most important energy project, an investment of about 4 billion euros, which will put us in the position of becoming an energy player at the European level, exploiting reserves estimated at a minimum of 100 billion cubic metres of gas - as much as the consumption of Romania for almost 10 years," said Ciolacu.The delegation was led by Alfred Stern, CEO of the OMV group. The president of PNL, Nicolae-Ionel Ciuca, the Deputy PM Marian Neacsu and the president of the National Agency for Mineral Resources, Alexandru Petrescu, also participated in the discussions.
Exim Banca Românească continues the savings campaign under which it pays attractive interest rates, above the market average, for new deposits in lei and euro, over 7 months: interest rates of up to 7.20% per year for lei and 2.50% per year for euro. The offer is available both for the PLUS deposit in lei, […]
In a telecom market shaped by economic pressure, fierce competition, and rapidly evolving consumer habits, Orange Romania is betting heavily on network leadership as its defining advantage. With the largest 5G spectrum investment in the country’s history - around EUR 265 million - the company is doubling down on speed, coverage, and long-term infrastructure at […]
The Romanian job market was marked by extremes in 2025, according to an analysis by employment platform BestJobs. In some sectors, job-seekers dictated the rules, while in others they fiercely competed for a limited number of positions, giving employers the upper hand. In the IT sector, the limited number of available positions led to a […]
Poiana Brașov, a popular mountain resort in central Romania, will host a new winter event format starting in 2026, as Untold Universe launches Massif Week, scheduled to take place between February 27 and March 8. The initiative is designed to diversify the resort’s winter offering and extend the tourist season through a series of indoor […]
A memorial march will take place in central Bucharest on December 21 to mark the victims of the 1989 Revolution, which led to the fall of communism in Romania. The march will follow the Victory Square – University Square – Revolution...
Cushman & Wakefield Echinox announced the completion of the sale of the Zenith Conference & Spa hotel in Mamaia, one of the top hospitality units on the Romanian seaside, to the owners of Steaua de Mare Hotels & Resorts, based in Eforie Nord. The property was previously controlled by the RC2 investment fund and Antares […]
