Romania will need, at the level of the years 2027-2028, 4-5 billion cubic meters of gas in addition to the production from the Black Sea, gas that will come from imports and from the LNG terminals in the Black Sea, declared, on Monday, the general director of Transgaz, Ion Sterian. “I tell you, somewhere in 4-5 years, in line with the decline in domestic production, both at OMV Petrom and at Romgaz, which is a natural decline – today Romania’s production is somewhere around 9 billion cubic meters of gas – neither the gases from the Black Sea, about 8 billion cubic meters, will not satisfy Romania’s needs”, said Sterian at the “Romanian Energy Symposium – SIREN 2023”, organized by the Romanian National Committee of the World Energy Council (CNR-CME). He explained that, currently, gas consumption is 10-11 billion cubic meters, and through the new gas connections of some localities, another 3-4 billion cubic meters will be added. Also, with the gas consumption of the Mintia plant, of 2.5 billion cubic meters, with the Iernut plant, when the works will be completed, with a consumption of about 1 billion cubic meters, and another 1, 5 billion cubic meters in Isalnita and Turceni, we will approach 20 billion cubic meters of consumption. The general director of Transgaz also emphasized that in this estimate, the fact that Azomures or Alro Slatina could resume their activity at any time, but also other investments “which are big consumers of gas” must be taken into account.
Graffiti Plus (GRF+), active in Romania's communication consulting market, has signed the contract for the National Recovery and Resilience Plan (PNRR) funding for its listing on the AeRO market of the Bucharest Stock Exchange (BVB). GRF+ is also preparing to launch the private financing round it is conducting as a first step toward its debut […]
The wooden church from the village of Oncești, one of the oldest monuments in the heritage of the Maramureș Village Museum “Mihai Dăncuș” in Sighetu Marmației, has been restored. The church has now returned to the tourist circuit through the support provided by the US Ambassadors Fund for Cultural Preservation, in a project coordinated by […]
The Bucharest Stock Exchange (BVB) announced the establishment of its Corporate Governance Committee on Thursday, December 4, to support the implementation of the revised 2025 BVB Corporate Governance Code. Romania’s capital market recently celebrated 30 years of activity and is undergoing significant corporate governance reform. The revised BVB Corporate...
Daniel Băluţă, the mayor of Bucharest's District 4, signed the order to start work on the extension of the M4 subway line on Thursday, December 4. The investment is valued at EUR 3.5 billion and the route will be 11 kilometers long, between Gara de Nord and Gara Progresul railway stations. The extension will have 14 […]
Ten entrepreneurs and executives have launched Food Angels Hub, a community of investors dedicated to the food sector. The aim of the hub is to “develop and scale functional and profitable companies in the food, hospitality and food-tech sectors” and “turn Romania into a reference point for food innovation in the CEE region.” The founders […]
Romanian developer IULIUS announced that it secured a syndicated loan facility amounting to over EUR 305 million for its Palas Iași mixed-use complex. The financing is provided by a consortium made up of Erste Group Bank Austria, BCR, Raiffeisen Bank Romania, and Raiffeisen Bank International Austria. The loan will support the remodelling of Palas Iași […]
