Romania has not yet approved a National Energy Strategy (SEN), which defines the medium and long term objectives of the natural gas sector and the ways to achieve them, in order to ensure the sustainable development of the national economy, informs a performance audit on the implementation of strategies and policies in the field of natural gas investment and production, conducted between February 2022 and May 2023, by the Court of Accounts.During the audit engagement , which covered the period 2017-2021, the auditors found that the Ministry of Energy did not monitor the achievement of the objectives set by the old strategic document (SEN 2007-2020), which expired almost three years ago.Domestic gas production decreased by 16.81% between 2017-2021, while the amount imported more than tripled during the audited period. Due to the higher volume of imported gas, a deficit in the national trade balance of 2.056 billion euros (import of 2.335 billion euros - export of 279.5 million euros) was recorded in 2017-2021.The Court of Accounts mentions that the National Agency for Mineral Resources (ANRM) has not initiated public calls for tenders for the concession of oil operations since 2010, although it has been noted that there are free geographical areas for the concession of operations (68 perimeters).Investments in the construction of natural gas distribution networks were not completed in all cases within the agreed deadlines, nor were investments in the development of storage facilities carried out at the planned level.Among the positive aspects noted during the audit were the unblocking of the offshore gas exploitation projects in the Black Sea and the achievement of the objective to involve Romgaz SA in the Neptun Deep project, the increase in the length of the transmission pipelines by 6.81% (906.5 km), the exceeding of the drilling work programmes undertaken by Romgaz SA within the exploration programmes (141.86% completion rate).
Vaunt, a Romanian real estate technology platform, is expanding into the United States after surpassing 80 clients and a transaction portfolio of nearly EUR 860 million. The expansion targets New York and Miami specifically. “Vaunt is a platform that helps real estate developers manage the sales process from the moment they receive the building permit until […]
IVF clinic Embryos, majority-owned by investment firm Integral Capital Group, has acquired the Oradea-based Calla Infertility Diagnostic and Treatment Center. The move is part of the development strategy of the network Embryos, which started in 2025 with the opening of a clinic in Buzău and the acquisition of Adella Clinic in Sofia, Bulgaria. The turnover […]
Romania has 56 companies included in the 17th edition of the Coface CEE Top 500 ranking, which shows how the largest companies in the region are navigating the current business landscape. The country climbed two positions from last year but remains underrepresented. The companies are ranked by turnover, analyzing additional indicators such as workforce size, business […]
Romania's Instant Factoring announced its participation in a cross-border securitization transaction valued at up to EUR 30 million. The move, the company said, "opens a new stage of growth for both Romanian fintech and the alternative financing market in Romania and Spain." The transaction involved the establishment of a securitization fund - Instant Factoring 2025-I, […]
Meta Estate Trust, a holding company active in the real estate sector and listed on the Bucharest Stock Exchange (BVB) under the symbol MET, announced that it signed the mandate agreement with its new Chief Executive Officer (CEO), Dan Petrișor. The appointment decision was made by the Board of Directors on October 31, and the […]
Former star coach Emerich Jenei, one for Romania's best, passed away on November 5, 2025, at the age of 88. He achieved the greatest performance of Romanian football: winning the European Champions Cup with Steaua București on May 7, 1986, in Seville, in the famous final against F.C. Barcelona. Emeric Alexandru Ienei (Imre Sándor Jenei) […]
