The National Society for Natural Gas Transport Transgaz finalised the procedure for environment evaluation for the Plan for Development of the natural gas transport system 2021 – 2030, according to a press release, sent on Friday to the Stock Exchange Bucarest.Similarly, according to the quoted source, the ministry of environment, waters and forests issued the environmental permit. The Strategic Environmental Evaluation was facilitated by the European Bank for Investments through an agreement regarding the consultancy services by means of the European Investment Advisory Hub – EIAH or Hub). EIAH is a partnership between the BEI group and the European Commission as part of the Investment Plan Europe. ‘The support offered to Transgaz for the strategic environmental evaluation relies on an existing business relation and aims at the acceleration of the transition of Transgaz to adopt a business compatible model with an economy neuter from the point of view of carbon dioxide emissions” stated Christian Kettel Thomsen, vice-chairman of BEI.In his turn, Ion Sterian, the general manager of SNTGN Transgaz SA said that the successful finalization of the Strategic Environmental Evaluation confirms the commitment of the company for the observance of the highest environment standards with a view to making investments for the development of the national system for natural gas transport.SNTGN Transgaz SA is the technical operator of the National System for Transport which is responsible for its functioning under conditions of quality, safety, economic efficiency and environment protection. The society is listed on the Stock Exchange Bucuresti.
Romania’s profit share, defined as the proportion of value added distributed by non-financial corporations to capital rather than labour, fell for the second consecutive year to 48.1% in 2024, Eurostat reported on December 7. The ratio was 40.0% on average in the European Union, with below-average ratios in more developed countries such as France (32.2%) […]
The pension law "brutally violates the independence of the judiciary" and "de facto eliminates the service pension for magistrates," according to the reasoning published by the High Court (ICCJ) along with its decision to refer the magistrates' pensions law to the Constitutional Court, Ziarul Financiar reported. ...
The Romanian state, in a document on December 5, expressed its intention to take full control of the National Airports Company of Bucharest (CNAB), which operates Otopeni Airport and Baneasa Airport, where the minority shareholder Fondul Proprietatea has a 20% stake, Ziarul Financiar reported. The...
Romania's Interministerial Committee for Supporting the Implementation of Reform 9 (CNR9), led by deputy prime minister Oana Gheorghiu, has selected 17 state-owned enterprises from a total of about 1,500 to undergo initial screening ahead of potential restructuring or liquidation. The decision marks the first stage of a wider overhaul programme announced by prime minister Ilie […]
The retail sales volume index in Romania recovered for the second consecutive month in October, when it increased by 0.9% m/m after the 1.3% m/m advance in September – but it was far from fully recovering the 4.0% m/m plunge seen in August as an effect of higher VAT rate enforcement amid already negative consumer […]
Romania’s total market production index (TMPI), a composite indicator compiled by Eurostat that combines four short-term business statistics indicators covering most of the market economy, increased by 4.2% y/y in Q3 - the sharpest rise in seven quarters (+0.3% y/y in Q2) and twice the 2.1% average advance in the European Union. The seasonally-adjusted index […]
