The Presidents of Romania and Bulgaria Klaus Iohannis and Rumen Radev discussed on Tuesday the diversification of energy sources and transport routes amid efforts to reduce energy reliance on the Russian Federation."With the mounting need to reduce energy reliance on the Russian Federation, we discussed the diversification of energy sources and transport routes. We also emphasized the importance of the speedy commissioning of the Bulgaria-Greece interconnector. Once completed, this can be connected to the already operational BRUA pipeline for the key important Vertical Gas Corridor to become operational," President Iohannis told a joint press conference delivered with his Bulgarian counterpart at the Cotroceni Palace.Klaus Iohannis brought to mind that he had also discussed the matter with Greek Prime Minister Kyriakos Mitsotakis, and there are promises for the interconnector to be switched on by the end of this year."And then we can benefit via Bulgaria from liquefied natural gas that will be unloaded off the Greek port [of Alexandroupolis]. On the other hand, work is underway on other alternative gas supply routes and we are in advanced negotiations with several sources. It is obvious that by the beginning of the winter of 2022 - 2023 we must have viable gas supply alternatives in place," Iohannis added.President Radev noted that the Bulgaria-Greece interconnector is several years behind, but stressed that effort is put in to recover the delay. According to the Bulgarian President, the company in charge of the project has promised that works will be completed in July.The initial transmission capacity is 3 billion cubic meters per year, this is in fact the annual consumption of Bulgaria, and it can be increased to 5 billion, and as far as I know Romania's gas output is of over 11 billion cubic meters per year, said the Bulgarian President.
Romania, which for years ranked last in the EU for packaging waste recycling, now stands at the forefront of Europe’s circular economy, proving that a country with initially fragile infrastructure can implement, in record time, one of the most effective collection and recycling systems in Europe. This rapid transformation is taking place in a European […]
Tucked inside Radisson Blu Hotel, Bucharest, Ginger Sushi Bar & Lounge marks the turn of the year with an intimate New Year’s Eve dining experience built around a multi-course tasting menu. From 19:00 onwards, guests are welcomed to a carefully paced evening that blends Japanese inspiration with premium ingredients, from scallops and Wagyu to Chilean […]
Romanian non-profit Dăruiește Viață has completed a new renovation project at the “Louis Țurcanu” Emergency Children’s Hospital in Timișoara, upgrading the Pediatric Onco-Hematology Transplant Unit to modern medical standards. The investment, worth approximately EUR 150,000, was funded by Linde Gaz Romania and Atos Global Delivery Center. The organisation has been working with the Timișoara hospital […]
The multimedia exhibition Aici Se Vede Jazz (Here You Can See Jazz), set to open at SAC Berthelot in Bucharest, explores how jazz found its way in the pre-1990 Bucharest and “the contemporary ways to listen, visualize, perform and relate artistically to its world of sounds and ideas.” Bucharest had improvised studios, rehearsals with the […]
Aon Romania, part of the global group Aon plc, draws attention to the urgent need for structured solutions to protect trade receivables in an economic context characterized by high volatility and geopolitical uncertainty. The subject was central to the discussions at TRADE CREDIT TALKS - Receivable Protection in the Age of Volatility, where business leaders […]
Bucharest’s shopping centres posted mixed financial results in 2024, with major discrepancies between the city’s largest malls and mid-sized retail centres, according to financial analysis platform RisCo.ro. The data shows contrasts in profitability and turnover, as well as significant losses among some of the capital’s biggest retail projects. AFI Cotroceni recorded the highest turnover of […]
