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.
The number of people in Romania at risk of poverty stood at 3.59 million people in 2024, 375,000 fewer than in 2023, representing a 9.4% decrease, according to data from the National Institute of Statistics, or INS. Despite the improvement, nearly one in five Romanians was affected by poverty last year. According to INS, 19% […]
The European Public Prosecutor’s Office (EPPO) in Cluj-Napoca carried out multiple searches on Tuesday, July 1, at the Sibiu International Airport and the Sibiu County Council as part of an investigation into suspected fraud involving a EUR 54 million EU-funded infrastructure project. A total of 24 locations were searched across Bucharest, Brașov, and Sibiu county, […]
A Romanian taxi driver who scammed 90-year-old Nigerian Nobel Prize laureate Wole Soyinka was detained by police on Sunday, June 29, according to media reports. On Friday, June 27, the venerable Nigerian arrived at Bucharest's Otopeni Airport. He got into a taxi and asked to be taken to a hotel downtown. At the destination, the […]
Costin Șerban, a Romanian entrepreneur, is digitalizing the construction sector in the United Kingdom with an ERP (enterprise resource planning) solution developed over 12 years and an investment of GBP 1.6 million (EUR 1.86 million). Șerban’s cloud-based ERP platform is called Abilo, was developed by the Romanian IT company Obi Systems, and is dedicated to […]
Border checks between Bulgaria and Romania have officially been lifted on July 1, as part of the implementation of the Schengen Agreement. The lifting marks the end of the transitional period of heightened control at the internal border, which had remained in place for six months following their accession to the Schengen area by land […]
Remus Vulpescu became CEO of the Bucharest Stock Exchange (BVB) on Tuesday, July 1, taking over from Adrian Tănase as the stock exchange grapples with a market dominated by government bonds. Vulpescu, 53, is a graduate in political and legal sciences from the University of Bucharest and holder of an EMBA obtained in 2017. He […]
