OMV Petrom, the largest integrated energy company in Southeastern Europe, announced Thursday, July 3, the discovery of a new natural gas reservoir in Spineni, a locality situated about 70 kilometers northeast of Craiova, southwestern Romania.
The find was confirmed following the drilling of the 1 Spineni exploration well to a depth of approximately...
Romania’s foreign minister, Oana Ţoiu, announced that Romania will adopt a legislative act to criminalize companies and individuals who attempt to circumvent the sanctions imposed on Russia at the European level. The move comes after a joint decision by EU member states on July 18 to extend the sanctions package...
The stock of deposits in Romanian banks decreased by over RON 3 billion during the first half (H1) of 2025 to RON 629.2 billion at the end of June, while the plunge was steeper for local currency deposits; residents preferred foreign currency, according to the data published by the National Bank of Romania (BNR). The […]
The management of Turkish group Otokar announced that it plans to design and produce military vehicles in Romania through its local joint venture with Automecanica, according to TechRider.ro. The two companies are...
Romania's National Salt Company, Salrom, has received an extension for its graphite exploitation license in the Ungurelașu–Polovragi area, the company announced on July 23. The project is part of a European Commission-backed initiative to strengthen the continent's supply of strategic raw materials essential for battery manufacturing. Salrom is seeking nearly EUR 200 million in European […]
The interim president of the Social Democratic Party (PSD), Sorin Grindeanu, announced on July 23 that his party is coming up with proposals in the second package of fiscal reforms, such as the supplementary taxation of capital and wealthy individuals, as well as regulations regarding profit shifting, according to News.ro. "This [profit shifting] must stop, […]
The second package of fiscal reforms will be agreed by the end of July, but it will be enacted in the first part of August, Romania’s ruling coalition agreed in a meeting on July 23, according to converging sources familiar with the negotiations quoted by Euronews. Sorin Grindeanu,...
