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.
Salt Bank, the first 100% digital Romanian bank built entirely from scratch, has been named by Celent as the 2025 Model Bank for Digital Bank Launch. Celent is one of the world’s most prestigious research and advisory firms focused on technology for financial institutions. By receiving the title of "2025 Model Bank for Digital Bank […]
The 8th edition of the national educational program “Healthy Lifestyle, Diverse Nutrition and an Eco-Responsible Attitude” under the motto “Good for Taste, Good for Health, Good for the Planet!” has concluded. The program was organized by the Taste Celebration Association and funded by the Auchan Foundation with 100,000 euros. The program aims to convey to […]
Romania's budget deficit, meaning the gap between revenues and expenditures, reached 3.39% of GDP after the first five months of the year, while the new government grapples with balancing initiatives. The deficit increased compared to the first four months, when it stood at 2.95% of GDP, and remained roughly stable compared to the first five […]
eLog, a Balkan-based provider of reusable transport packaging systems for the retail sector, has entered the Romanian market by leasing 4,000 sqm of warehouse and office space at CTPark Bucharest North. The facility, developed by CTP, will serve as eLog’s first operational hub in Romania, supporting its expansion into local retail logistics. Specializing in Retail […]
More than three-quarters of Romanians (76%) see Artificial Intelligence as an opportunity for the economy and society, although half of them also acknowledge its risks, according to a new RoCoach and Novel Research study. Overall, over one-third of respondents (35.7%) believe that AI will primarily lead to job losses, even if new types of roles […]
Prosecutors with Romania's General Prosecutor's Office have formally changed the legal status of former presidential candidate Călin Georgescu from suspect to defendant, judicial sources told Agerpres on Friday, June 27. The decision comes after Georgescu quoted Corneliu Zelea Codreanu, the leader of...
