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.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
