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's president Nicusor Dan invited magistrates' bodies and government officials to agree on November 12 on a compromise form for the magistrates' pensions law that would not be referred to the Constitutional Court (CCR) but would be legislated quickly, such as to meet the November 28 deadline set under the National Recovery and Resilience Plan […]
The number of positions in each of the local administration units (including those vacant at this moment) will be cut by 30% under an agreement reached by the ruling coalition on November 11, development minister Cseke Atilla announced. This would result in an overall 10% reduction in the number of employees in the local administration […]
Bucharest remains at the forefront of Romania’s real estate market, attracting the highest transaction volumes and consolidating its role as the country’s main investment hub. North Bucharest Investments reports €161 million in transactions by the end of October and expects a 25% increase by year-end. In October 2025, a total of 58,502 properties were sold […]
Nine hospitals that lost funding from Romania's National Recovery and Resilience Plan (PNRR) because they could not be completed on time will be financed through the Health Program 2021–2027 (EU4Health programme 2021-2027), which is also from European funds. The EU4Health money for Romania was initially designed to be used for additional investments in the medical […]
Banca Comercială Română (BCR), part of Austria’s Erste Group, announced it successfully completed a new local bond issue worth RON 1.125 billion (some EUR 225 million), further expanding its base of eligible liabilities. The bonds will be listed on the Bucharest Stock Exchange. It is the 13th bond issue issued by BCR, and the bank […]
French Tech Bucharest is proud to announce the fourth edition of its flagship event, Inspiring Women in Business, taking place on November 14th, 2025, at the Romanian-American University (1B Expoziției Boulevard, Bucharest), starting at 18:30, with free entrance. This renowned event will celebrate exceptional women who are shaping the businesses through transformative times, sharing their […]
