The Romgaz branch in Chisinau was registered on Thursday with the Public Services Agency of the Republic of Moldova, in the State Register of Legal Entities, the company informs through a release ."The process of registering the Romgaz Branch in Chisinau falls within the scope of the company's actions in order to expand its gas supply activity at the regional level, an objective foreseen in the company's strategy for the period 2021 - 2030. Romgaz wants to contribute to ensuring the security of gas supply natural resources in the Republic of Moldova, and the step taken today ensures the prerequisites for achieving this goal," stated Razvan Popescu, general director of Romgaz, quoted in the press release.For his part, Aristotel Jude, deputy general director of Romgaz, stated that in the next period the company will take the necessary steps to obtain the natural gas supply license on the territory of the Republic of Moldova."We are convinced that the presence of Romgaz in the Republic of Moldova and the trading of natural gas on the centralized market of the Republic of Moldova will effectively contribute to the liberalization of the natural gas market in this country and the creation of the premises necessary to establish a real price for the benefit of consumers", Jude pointed out.The Romgaz National Gas Company is the largest producer and main supplier of natural gas in Romania. The company is admitted to trading on the market of the Bucharest Stock Exchange (BVB) and the London Stock Exchange (LSE). The main shareholder is the Romanian state with a 70% stake. The company has a vast experience in the field of natural gas exploration and production, its history starting more than 100 years ago, in 1909.Romgaz carries out geological exploration in order to discover new gas deposits, produces methane gas by exploiting deposits from the company's portfolio, stores natural gas underground, performs interventions, capital repairs and special operations at wells and provides professional technological transport services. In 2013, Romgaz expanded its field of activity by assimilating the thermal power plant in Iernut, thus becoming a producer and supplier of electricity.On August 1, 2022, Romgaz became the sole shareholder of Romgaz Black Sea Limited (established ExxonMobil Exploration and Production Romania Limited), following the completion of the acquisition transaction and the transfer of all shares issued by (representing 100% of the share capital of) ExxonMobil Exploration and Production Romania Limited, which holds 50% of the rights acquired and the obligations assumed by the Oil Agreement for the deep water area of the XIX Neptun offshore perimeter in the Black Sea.
East Grain Group and Poultry Investment SA have acquired the 45% stake previously held by UBM Group in UBM Feed Romania, thus becoming equal shareholders in one of Romania's largest feed producers, which will now operate under the brand Protena. East Grain is controlled by Czech agri-food group Agrofert, one of the largest agribusiness groups […]
The Foreign Investors Council (FIC) has appointed Ruxandra Băndilă as its executive director. Băndilă will coordinate FIC's activity and "will contribute to strengthening the dialogue with authorities, consolidating the organization's positioning as a reliable partner in promoting a stable and predictable business environment, as well as supporting Romania's becoming a competitive and attractive destination for […]
Romania’s European projects and investments minister, Dragoș Pîslaru, announced that he will notify the European Public Prosecutor’s Office (EPPO) regarding the purchase of electric minibuses for students with EU funds. The minister said that “multiple dysfunctions” were noted in how the EU funds were used in the project. Aside from notifying the EPPO, the minister […]
Only about 44% of employees in Romania say they have used AI in the past year, while the average usage rate in the 48 countries included in the report was 57%, according to the PwC Workforce Hopes and Fears Survey 2025 report. India and Vietnam are at the top, with 84%, followed by China (78%). […]
A new four-star hotel is set to rise next to Bucharest’s Henri Coandă International Airport, following a EUR 45.5 million investment announced by real estate developer D. GROUP. The Wyndham Garden Bucharest Airport Hotel, scheduled to open in July 2027, will introduce the Wyndham Garden brand to Romania for the first time. Located 150 metres […]
Romania ranks 3rd in a European heatwave vulnerability ranking and will experience 3 heatwave events annually, lasting 17 cumulative days with average temperatures of 36.82°C, placing it ahead of all Mediterranean countries, according to new research from climate system experts at Reinders Corporation. The study analysed climate modelling data, heatwave frequency, and average temperatures across […]
