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..)
Romania's Treasury announced lower coupons for the local currency and foreign currency bonds sold to households in November under its two schemes, Tezaur and Fidelis, after it announced that the cost of borrowing (10-year) dropped under 7% for the first time this year. The Ministry of Finance carried out a successful operation to reduce the […]
Bucharest City Hall announced the opening of registrations for the “FIV3 – A Chance for Infertile Couples” program, which offers financial assistance of up to RON 15,000 (around EUR 3,000) to 150 couples or single women undergoing in vitro fertilization (IVF) treatment. The initiative, implemented through the city’s Administration of Hospitals and Medical Services (ASSMB), […]
Călin Georgescu, the far-right populist who surprisingly emerged as the first-round winner of last year's annulled presidential elections, announced on Sunday evening, November 2, that he will not get involved in the upcoming...
With the date of this year's Bucharest mayoral elections set, the list of candidates for the job is taking shape as the parties that are part of the governing coalition have announced their proposals, and several independents are also joining the race. The governing coalition has set the date for the elections to decide the […]
Every year, on the third Thursday of November, France celebrates the arrival of the Beaujolais Nouveau — the first wine of the harvest, young, fresh, and full of life. This joyful tradition has become a global symbol of conviviality, elegance, and the French art de vivre. In Bucharest, the celebration continues this year with an […]
The Romanian Football Federation (FRF) announced Bucharest’s candidacy to host the Europa League final in 2028 or 2029 at the National Arena, according to the FRF official website. The Europa League final represents a high-profile sporting event on a European scale. Istanbul will host the Europa League final in 2026, followed by Frankfurt in 2027. […]
