Romania will have enough natural gas in its national storage facilities to meet its energy demand for the winter, Prime Minister Nicolae Ciuca said on Tuesday.He said that on Tuesday a record percentage of 70% of domestic natural gas output was sent to the national storage facilities."At the moment, the country's methane gas storage facilities are 47% full, which means that our country has acted much faster than the timetable set by the European Commission for the member states. The target for August 1 is 46%, and Romania has already surpassed it in the first half of July. We are ahead of the European timetable for the stockpiling of winter reserves due to the fact that a large part of the methane gas extracted in Romania is stored. Today, a record percentage of 70% of domestic gas output was sent to the national storage facilities," Ciuca wrote on Facebook.According to Ciuca, Romania will be able to achieve before the November 1 deadline the goal set at European level for the storage facilities of all the member states to be at least 80% full."By keeping up the pace, we will be able to reach the percentage just ahead of schedule," said Ciuca.
Romanians are preparing to spend more this Christmas compared with last year, according to a new Raiffeisen Bank study conducted in partnership with research platform Appinio. The survey showed that 65% of respondents expect higher holiday expenses in 2025, while 26% anticipate spending similar amounts to 2024. Half of those surveyed allocate between 25% and […]
Romania’s Electric Castle was named ‘International Festival of the Year’ at the 20th edition of the UK Festival Awards. The Romanian event triumphed over major international contenders, including Afro Nation (Portugal), Beyond The Valley (Australia), Open’er Festival (Poland), Sziget Festival (Hungary), and Way Out West (Sweden),
President Nicuşor Dan, on December 4, returned to Parliament amendments tightening Romania’s law against extremism, arguing that several provisions are vague and risk enabling abuses, according to a statement released by the Presidency. The Constitutional Court had previously upheld the amendments after the Presidency challenged them, prompting criticism from organisations within the Jewish community. By […]
Fitch Ratings on December 4 affirmed the long-term Issuer Default Rating (IDR) for Romania's largest lender, Banca Transilvania (BVB: TlV), at BBB- with a negative outlook, in line with the country's sovereign rating. The price of the bank's shares rose 1.2% on the day the rating agency announced its decision, bringing the bank's market capitalisation […]
The Romanian authorities will only supervise the operations at Lukoil’s Petrotel refinery and not be involved in its management until a new owner is found, according to an emergency ordinance approved by the government in Bucharest this week, as reported by Hotnews.ro. Russian group Lukoil is seeking buyers for its...
The ‘5 to go’ coffee shop chain announced the signing of a partnership with the national gas station network RO concept OSCAR, owned by businessman Alin Niculae, according to Economica.net. The gas station network has reached 120 strategically distributed stations nationwide, of which more than 90 are franchised under the RO concept...
