Total hydrocarbon production of Romanian state-controlled natural gas company Romgaz rose by 11.2% YoY to 32.5 mln barrels of oil equivalent (boe) in 2021, and the volume of gas from domestic production delivered to the market increased even more (by 12.7% YoY) to 4.97 bln cubic meters. The company's output still lags behind the 2019 level when it reported 34.07 mln boe total hydrocarbon production. Romgaz has, however, managed to increase its deliveries from domestic production slightly more, by 12.7% YoY to 4.97 bln cubic meters - just above the 4.90 bln delivered in 2019. Romgaz, 70% controlled by the Romanian state, has a capitalization of RON 14.6 bln (EUR 2.9 bln). Since the beginning of 2021, its shares have decreased by 2.5% amid transactions of RON 46 mln.The company announced in October 2021 that it had completed negotiations with ExxonMobil Corporations and Production Romania Limited to take over the 50% stake in the Neptun Deep perimeter in the Black Sea, becoming a partner with OMV Petrom in the largest offshore energy project local.
The fourth edition of the Romanian Creative Week (RCW), will take place in Iași, eastern Romania, between May 15-26. The event brings together over 1,000 Romanian and foreign artists, 200 events, 350 volunteers, dozens of exhibitions, film festivals, theater and dance performances, three days of fashion shows, as well as visual arts exhibitions, concerts, conferences, […]
Kenyan Alex Nzioka Matata won the Bucharest Half Marathon held last Sunday, May 12, with a time of one hour, one minute, and four seconds. Second place was taken by another Kenyan, Chebor Elvis Tabarach, with a time of one hour, four minutes, and three seconds, while third place went to another Kenyan athlete, Kibet […]
Systematic, a leading Danish provider of software solutions for digitalization that also has a development center in Bucharest with more than 150 skilled IT specialists, has been selected by NATO to provide Command and Control software. SitaWare Headquarters, the software chosen by the international organization, is also developed in Romania by the local team. Signing […]
Romania’s health minister, Alexandru Rafila, announced the initiation of a market study for the construction of the first National Proton Therapy Center in Southeast Europe at the Bucharest Oncology Institute. The project is valued at EUR 70 million. Proton therapy involves using protons to deliver a dose of radiation that kills tumor cells. "Proton therapy will […]
The investment funds active in Romania are more optimistic about the evolution of the local market in 2024 compared to the previous year, according to Roland Berger’s Private Equity Outlook 2024. More than 70% of the respondents in the survey anticipate an increase in the number of transactions made by investment funds in Romania, after 2023 […]
The success rate of requests for bank loans registered on the 123credit.ro platform was approximately 4%, in the first quarter of the year, according to 123credit.ro, the main online credit platform in Romania. White Image together with 123credit.ro contributed to the efficiency of the process of obtaining a bank loan by automating the communications of […]
