Bucharest intends to ask the European Commission to revise the proposed legislation to reduce methane emissions because Romania would face high costs compared to other member states, as Energy Minister Sebastian Burduja announced on Tuesday, www.euractiv.com informs. The new proposal will result in over €1 billion expenses for Romania, impacting both industries and consumers. “We will fight for the final version of the regulation to take into account Romania’s unique circumstances”, Burduja said at the Romanian International Gas Conference 2023, adding that he is going to discuss with all member states and institutional actors. In December 2022, the Council reached an agreement (general approach) on a proposal to track and reduce methane emissions in the energy sector, as methane is a powerful greenhouse gas responsible for about 30% of current global warming. The proposal introduces new requirements for the oil, gas and coal sectors to measure, report and verify methane emissions (MRV) at the highest standard. Operators must carefully document all wells and mines, trace their emissions and take appropriate mitigation measures to prevent and minimise methane emissions in their operations. Burduja said Romania has to monitor over 60,000 wells. Maintaining the current form of the Regulation would adversely affect the competitiveness of the Romanian economy and burden its citizens. The second-largest producer of oil and gas in the EU, Romania is among the Union countries with the highest reported annual methane emissions from the energy sector, according to a scientific study coordinated by UNEP’s International Methane Emissions Observatory, Utrecht University and Environmental Defense Fund.
The famous show "Ovo" ("egg" in Portuguese), created in 2009 by Cirque du Soleil, is scheduled for April 23–26, 2026, at BT Arena in Cluj-Napoca. So far, the classic Cirque du Soleil show has delighted over 7 million spectators in 40 different countries. Despite its age, it has been reimaged, with a new set, acrobatic […]
The state-owned group Electrica is set to list the largest green corporate bond issuance in Romania, worth EUR 500 million, on the Luxembourg and Bucharest stock exchanges. According to the company's press release, the European Investment Bank is one of the key participants in the issuance. Overall investor demand at the final price exceeded the […]
Low-cost airline Wizz Air announced a major expansion of its operations in Bucharest, adding a second aircraft to its base at Băneasa Airport starting this October. The airline will relocate nine routes from Otopeni to Băneasa, five of which will be operated exclusively from the secondary airport. At the same time, six new routes will […]
The annual inflation rate in Romania rose to 5.7% in June, up from 5.45% in May, according to data published on Friday, July 11, by the National Institute of Statistics. It is the highest level this year. The consumer price index, compared to May, was 0.45%. The inflation rate from the beginning of the year, […]
A taxi driver who refused to pick up a passenger at Bucharest’s Henri Coandă International Airport on Thursday night, citing the rule that prohibits the second car in line from leaving the queue, was fined and had his professional license suspended, according to the Romanian Police. Local news channel Digi24...
Local authorities in Buzău County, in the south-east of Romania, announced the opening for traffic of the new bridge over the Buzău River on Friday, July 11. At over 1.3 km in length, it is the second-longest road bridge in the country and is part of the Lot 1 Buzău – Vadu Pașii of the […]
