Premier Nicolae Ciuca stated on Sunday, at Digi 24 that Romania does not have any risk to remain without gas and that we have as first objective to open the interconnector between Greece and Bulgaria, so that starting with the autumn we can use American liquified gas. About the offshore law, the head of the executive said that the leaders of the coalition committed to bring it into the parliament. ‘We have no risk to be left without gas. Romania imports approximately 20% of the necessary, we had meetings and discussions with the premiers of the countries in the region, that of Greece, that of Bulgaria, we had phone conversations. (…) We are connected and our first objective is to open the interconnector between Greece and Bulgaria, it will happen in June’ the premier said, in autumn, or at the end of the year we will have gas injected through this interconnector and we will use liquefied gas through the terminal in Alexandroupoli’. Asked if Romania manages to use American liquified gas, the premier said :’ of course, yes, in the autumn, or at most at the end of the year’. About the moment when Romania can get gas from the Black Sea, the premier reminded that the commitment of the leaders of the coalition had is that, during the period to come, the offshore law gets into the parliament, and said that ‘ it is not more than one month, maximum two’. The head of the government confirmed that, the discussion at this moment concerning the offshore law is 60% of the revenue for the Romanian state and 40% for the other parties: ‘ it is win-win (…) The figures are the ones you mentioned ‘ he said. ‘Those who support and present the draft must be satisfied, I don’t know much about energy and I can’t say if I need to be satisfied. There is need for a law which could ensure the exploitation of gas and Romania be the beneficiary of this draft’ the premier said.
The union at the Automobile Dacia automobile factory in Mioveni expressed concern about the administration's proposal to reduce production, starting in January 2026. The production is reportedly planned to be reduced to 55 units per hour, from 65 units currently, according to the company's employees speaking for Europa FM, as reported by
Romanian prime minister Ilie Bolojan announced on November 21 that a decision will be taken in December regarding the minimum turnover tax (IMCA) applied to companies with a turnover of EUR 50 million or more, whose 16% profit tax falls below 1% of turnover, Economica.net...
Prime minister Ilie Bolojan, in a press conference on November 21, said that Romania took steps to protect the interests of state company Romgaz, which holds 12.2% in the Trident Black Sea offshore perimeter operated by Russia's Lukoil. He said that the authorities in Bucharest "collaborated" with the Office of Foreign Assets Control (OFAC) within […]
Kazakhstan's national oil and gas company, KazMunayGas, is set to partially divest its European assets, which include KMG International (KMGI, formerly Rompetrol Group) with Romania's largest refinery, Petromidia (4.8 million tonnes refining capacity), in its portfolio. KazMunayGas plans to sell up to 50% of its European holdings, according to
Romania's public debt increased by RON 30.3 billion (EUR 6 billion) in July after the new government of prime minister Ilie Bolojan returned to the international market following a period of absence due to the political turmoil caused by the presidential elections and the formation of a new ruling majority. Romania's public debt hit RON […]
The Romanian Environment Ministry has proposed new legislation that would make the illegal cutting of trees in urban green spaces a criminal offense punishable by prison. The move aims to close what officials describe as a legal loophole that has hindered environmental protection in cities. The draft emergency ordinance
