Energy minister Virgil Popescu says that “the entire energy development strategy is thought for the passage from coal to natural gas”, and explained that after Romania will increase its capacities for natural gas extraction “there will be some reserve coal units for crisis situations.” “We must consider Romanian reality. Romania has four coal mines – I mean deep mines, because there are mines and there are quarries – there are four coal mines functioning at present, two of which are in closure procedure, according to the present law. We are having talks with the European Commission to extend the closure term until 2024. For the other two we assumed a phase out for 2030 plus two more years. These four mines are taking out coal with which Paroseni plant could function two or three days per week and produce electricity,” said Virgil Popescu at Realitatea Plus on Monday. As for the coal quarries from Oltenia Energy Complex, the minister explained there had been talks with company managers and the number of employees would grow by 600, in order to increase coal production. “Romania has gas in the Black Sea, it will not depend on Russian gas. The restructuring program is designed so that in 2016, when production capacities are ready for the passage from coal to gas, we will have the Black Sea gas for consumption. Obviously, there will be reserve coal units for crisis situations. The entire energy development strategy is thought for the passage from coal to natural gas. Obviously, renewable energy, nuclear energy, by consuming gas from our own domestic production, not based on imports,”the minister added.
NATO Secretary General Mark Rutte tried to calm security worries during his visit to Bucharest, saying the Alliance’s commitment to Romania remains strong, even after recent changes to the US troop presence. Standing next to president Nicuşor Dan on Wednesday, November 5, Rutte stressed that NATO fully understands Romania’s strategic importance on the eastern...
During the General Meetings of Shareholders of EVERGENT Investments held on October 29, 2025, all proposals submitted by the Board of Directors and included on the agenda were approved by a large majority. The main resolutions adopted were: the implementation of a share buyback program for up to 43,300,000 own shares, to be carried out […]
Vaunt, a Romanian real estate technology platform, is expanding into the United States after surpassing 80 clients and a transaction portfolio of nearly EUR 860 million. The expansion targets New York and Miami specifically. “Vaunt is a platform that helps real estate developers manage the sales process from the moment they receive the building permit until […]
IVF clinic Embryos, majority-owned by investment firm Integral Capital Group, has acquired the Oradea-based Calla Infertility Diagnostic and Treatment Center. The move is part of the development strategy of the network Embryos, which started in 2025 with the opening of a clinic in Buzău and the acquisition of Adella Clinic in Sofia, Bulgaria. The turnover […]
Romania has 56 companies included in the 17th edition of the Coface CEE Top 500 ranking, which shows how the largest companies in the region are navigating the current business landscape. The country climbed two positions from last year but remains underrepresented. The companies are ranked by turnover, analyzing additional indicators such as workforce size, business […]
Romania's Instant Factoring announced its participation in a cross-border securitization transaction valued at up to EUR 30 million. The move, the company said, "opens a new stage of growth for both Romanian fintech and the alternative financing market in Romania and Spain." The transaction involved the establishment of a securitization fund - Instant Factoring 2025-I, […]
