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..)
Homedit, a Romanian brand of premium furniture and home décor, announces the official opening of its first showroom, located in an interwar house in central Bucharest ("The Bamboo House”, located at No.3, Dumbrava Roșie St.). With a total investment of approximately EUR 12 million, the business was founded in 2016 as an online store by […]
The 32nd edition of the Sibiu International Theatre Festival (FITS) begins on Friday, June 20, bringing over 5,000 artists from 82 countries to the city. The events will take place over ten days and will transform the city into an "open-air stage, with large-scale productions, impressive installations, parades, fire shows, live music, aerial dances, and […]
The well-known science and nature channel Discovery is currently marking four decades since its global launch in 1985 with a special series titled "Discovery Changed My Life,” bringing testimonies from personalities whose vision was shaped by Discovery. Among those featured is also Romanian mountaineer and conservationist Alex Găvan. The series premieres on Sunday, June 22, […]
Meta Estate Trust (MET), a holding company operating in the real estate sector, has invested approximately EUR 2 million in a new retail park currently under development in Ciolpani, a commune located on the Bucharest–Ploiești corridor (DN1), it said. The project is scheduled to be completed and handed over to tenants this year, with an […]
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The German company DEHN, a manufacturer of electrical engineering solutions for critical infrastructure, including lightning and surge protection, as well as safety equipment, will open a production site in Piteşti, southern Romania. The facility, the company's first in the country, will expand its capacities to serve customers in Europe. It fits seamlessly into the company's […]
