The Government has established, on Friday, through an emergency ordinance, the National Regulatory Authority for Mining, Petroleum and Geological Storage of Carbon Dioxide (ANRMPSG), a specialized body of the central public administration, with legal personality, fully financed from its own revenues, subordinated to the Government and coordinated by the Prime Minister, through the Chancellery of the Prime Minister, through the reorganization by transformation of the National Agency for Mineral Resources (ANRM), which is being abolished. ANRMPSG will have several general objectives, among which the development and systematization of the National Geological Fund and National Resources and Reserves Fund; exploitation and rational development of mineral resources reserves and oil reserves, in accordance with the strategies in the domain and the reduction of the impact on environment. Similarly, the identification of new uses of the national transport systems for oil and the development of the mining voids. It will also aim to promote a secure, competitive and environmentally sustainable European internal market for the exploitation of mineral resources, oil and gas and its effective opening for the benefit of all customers and suppliers in the European Union, and to ensure adequate conditions for sustainable exploitation, taking into account long-term objectives, in line with the provisions of the relevant European Union directives. ANRMPSG manages the oil resources, mineral resources and the national geological fund, which are public property of the State, as defined by the Law on Petroleum No 238/2004, as amended and supplemented, and by the Law on Mining No 85/2003, as amended and supplemented. The tasks also include the elaboration and promotion of draft normative acts, norms, instructions and procedures, in accordance with the provisions of the legislation on the geological storage of carbon dioxide. The legal regime for exploitation licenses is also completed.
Homedit, a Romanian brand of premium furniture and home décor, announces the official opening of its first showroom, located in an interwar house in central Bucharest ("The Bamboo House”, located at No.3, Dumbrava Roșie St.). With a total investment of approximately EUR 12 million, the business was founded in 2016 as an online store by […]
The 32nd edition of the Sibiu International Theatre Festival (FITS) begins on Friday, June 20, bringing over 5,000 artists from 82 countries to the city. The events will take place over ten days and will transform the city into an "open-air stage, with large-scale productions, impressive installations, parades, fire shows, live music, aerial dances, and […]
The well-known science and nature channel Discovery is currently marking four decades since its global launch in 1985 with a special series titled "Discovery Changed My Life,” bringing testimonies from personalities whose vision was shaped by Discovery. Among those featured is also Romanian mountaineer and conservationist Alex Găvan. The series premieres on Sunday, June 22, […]
Meta Estate Trust (MET), a holding company operating in the real estate sector, has invested approximately EUR 2 million in a new retail park currently under development in Ciolpani, a commune located on the Bucharest–Ploiești corridor (DN1), it said. The project is scheduled to be completed and handed over to tenants this year, with an […]
Romania benefits from a series of favorable factors that facilitate the growth and expansion of data center capacity and could emerge as a developing market, according to an analysis conducted by the real estate consultancy company Cushman & Wakefield Echinox. A diversified energy mix, with over 50% of energy production coming from renewable sources, along […]
The German company DEHN, a manufacturer of electrical engineering solutions for critical infrastructure, including lightning and surge protection, as well as safety equipment, will open a production site in Piteşti, southern Romania. The facility, the company's first in the country, will expand its capacities to serve customers in Europe. It fits seamlessly into the company's […]
