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.
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 […]
