Prime Minister Nicolae Ciuca on Tuesday said that starting to exploit the natural gas in the Black Sea represents an essential objective in the process of obtaining supply independence from Russian gas.The Prime Minister had a meeting on Tuesday at the Victoria Palace with Eric Faillnet, the head of Carlyle International Energy Partners Group, which is the main shareholder of the Black Sea Oil&Gas.According to a press release of the government, on this occasion, the Prime Minister welcomed the interest of investors in starting to exploit the natural gas in the Black Sea, through the development of the Midia Project, which will cover, as of this year, ten percent of the necessary production at the national level."For Romanians, it is an essential objective to achieve in seeking independence from the Russian gas. The government encourages investments in the energy sector, and our country is among those European states that could manage with the quantity of gas that they have to cover the national consumption. The new offshore law, which we initiated at the Governing Coalition level and will soon be adopted, creates a predictable and stable framework for investors. By ensuring a balance between the state interests and the ones of the private environment, Romania has the chance of even becoming an exporter in the region, as soon as the exploitation projects in the Black Sea are developed," Nicolae Ciuca was quoted as saying in a press release.In their turn, the representatives of Black Sea Oil&Gas announced that the Midia project is ready to start in June, after the last tests, with a delivery capacity of one billion cubic metres annually.
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 […]
