Romanian gas producers will no longer be taxed based on the reference price of the Vienna gas market, but the Romanian market price will be take into consideration, the Acting Minister of Energy, Virgil Popescu, declared on Wednesday, during the Focus Energetic conference."We have a complicated winter as a result of market turbulence. I am convinced that we will get through it fine, the stocks are within parameters. There are gas stocks of 2.2 billion cubic meters, coal is also within limits, as well as water reserves from the lakes," Popescu said.According to him, Romgaz production has gone up by 20%, but OMV Petrom reported a drop well below the natural decline limit.According to the financial results, OMV Petrom gas production has gone down by 11% during the first 9 months."Unfortunately, the other large producer had a drop and I am asking for measures to be taken regarding the cause. It cannot drop that much. We understand that there is a natural decline, but the drop should be within limits, and OMV Petrom's production drop is well beyond the natural decline limit, even if we do understand that there are distortions in the market," Popescu continued.He showed that he does not believe it is normal for Romanian producers to pay taxes based on the gas price in Vienna and that he will change this."I talked with the Prime Minister and the Minister of Finance and we will adjust this, so that the price in Romania to be a reference price, but I want good faith from Romanian producers for stabilizing the production and increasing it," the Government official also said. (Photo:https://www.facebook.com/photo/?fbid=443522297129104&set=pb.100044140131007.-2207520000..)
The Romanian stock market benchmark – the BET Index – officially crossed the 20,000-point threshold on Tuesday, July 25, 2025, marking a major milestone in its recent surge. The BET has gained about 7.5% in the last month, setting several new record highs on its path to 20,000 points. However, the Bucharest Stock Exchange’s recent […]
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The Neuman House, a protocol residence for former communist dictator Nicolae Ceaușescu situated in the city of Arad, in western Romania, is up for sale for EUR 2.4 million, according to an online listing by an international agency specializing in luxury property brokerage cited by Agerpres. The building belonged to the noble Neuman...
During a press conference held on Tuesday, July 29, Romanian prime minister Ilie Bolojan presented the main measures from the magistrates' pension reform project, which will be included in the third fiscal package. The project includes raising the retirement age and capping pensions. The reform is urgent and necessary, said the official, who also warned […]
UNICEF has launched the Romanian-language version of the podcast On My Mind (În Mintea mea), created to support young people's mental health, with the support of global streaming platform Spotify. The Romanian-language version of the podcast complements the work carried out by UNICEF in Romania, which is currently implementing an initiative aimed at promoting the […]
