Romania will participate on May 5, in Sofia, in the first regional working group, part of the European Union's Energy Platform for natural gas procurement, in which security solutions will be discussed in the energy supply, the Minister of Energy, Virgil Popescu announced on Monday."Romania will participate in the first regional working group, as part of the EU Energy Platform for Joint Gas Procurement, which will take place in Sofia on May 5, to discuss solutions with Bulgaria and our partners in the region for security of energy supply," the minister wrote on his Facebook page.While in Brussels, the minister had a working meeting on the sidelines of the Energy Council meeting with Ditte Juul Jorgensen, Director General of DG ENER within the European Commission, with whom he discussed concrete energy infrastructure projects, prospects for putting into operation deep onshore natural gas exploitation as well as offshore in the Black Sea that can bring energy security benefits to Romania and the region.Earlier, Virgil Popescu had a working meeting with Kadri Simson, the European Commissioner for Energy. The topics addressed focused on the situation of energy security at EU level, diversification of sources and supply routes, investments planned by Romania in the sector, including from the perspective of capitalizing on the potential of offshore reserves in the Black Sea."Also, in the context of the current discussions on reducing energy dependence on Russia, we discussed concrete ways of coordinating future action at European level and, in parallel, launching regional projects aimed at identifying alternative energy supply solutions," the energy minister stressed.
In the day when the opening of Arges Mall in Pitesti (April 25) brought the third Mcdonald's and also the third KFC fast food restaurant in the city, as well as a long array of fashion outlets such as Zara, Pull&Bear, Bershka, Stradivarius, Reserved, House, Cropp, Sinsay,...
Romania’s leading financial group Banca Transilvania (BVB: TLV) announced that its shareholders endorsed the disbursement of RON 1 billion (EUR 200 million) as dividends, out of last year’s RON 2.5 billion net profit, at a gross yield of 4.4% based on the most recent trading price. The shareholders also approved a capital increase by the […]
One United Properties (BVB: ONE), the leading Romanian green developer of residential, mixed-use and office real estate, held, on April 25th, 2024, the General Meeting of Shareholders (GMS). During the GMS, the shareholders approved, among other items, the distribution of the second tranche of...
Net subscriptions in Romanian mutual funds reached RON 578 million (EUR 116 million) in March, the highest value since January 2021, when inflows totaled RON 621 million, according to data from the Association of Fund Managers (AAF) quoted by Ziarul Financiar. The net assets of the 247...
Romanian independent petroleum products distribution firm JT Grup Oil, controlled and managed by local entrepreneur Jean Paul Tucan, confirmed the initial public offering of 10 million new shares with a face value of RON 1 to both retail and institutional investors as per the decision approved by the company’s shareholders. The new shares would account […]
Romania’s greenhouse gas (GHG) emissions dropped by 56% in 2022 compared to 1990 – vs a 55% overall target set by the European Union for 2030, according to a report compiled by Alpha Bank Romania and quoted by Bursa.ro. The intermediary 2030 reduction target may be increased to 57%, and by 2050, Europe plans to […]
