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.
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 […]
