The crisis of natural gas is artificially created by the Russian Federation through Gazprom and I think it is necessary to have a common front of all member states to stop this energy crisis, stated on Wednesday the interim minister of energy, Virgil Popescu at the National Top of Companies 2021, event organised by the Chamber of Commerce and Industry of Romania (CCIR). " ‘After a difficult year, there followed economic growth of 2021, for the Romanian economy and the European economy, but we started to face the crisis of raw materials, prices for energy and natural gas, which are reflected in the economy. We have taken measures, so that we support, besides the citizens the small and medium enterprises so that we can survive this winter. One week ago, we injected 500 million lei in the economy to the big consumers of energy, which have tens of thousands of people employed and who need support on an aid framework which we approved at the end of 2019 and which will continue. We want to inject money in the economy, we need financial intervention in the economy to help the companies to survive during this period. Pandemics plus energy crisis is not a good thing. We have to be very careful, as the pandemics is not over yet. We need to be prudent, as the Romanians’ health is first. We have a crisis of natural gas which is an artificial crisis created by the Russian Federation through Gazprom. We saw how sensitive the market of natural gas is. The moment the German regulator announced that they will postpone the approval of the North Stream 2 pipeline, the price of natural gas automatically went up. I think it is necessary to have a common action of all member states to stop this energy crisis’ Popescu said. (Photo:https://www.facebook.com/ccir.romania/)
The presidential elections in Romania on May 18 may mark the most important political change since the fall of communism in 1989, with two scenarios radically different: a thorough radical political reform of mainstream parties, complicated by tight economic constraints, and the rise of radical political entities that increasingly resemble the hard-right movement of the […]
Romanian leading tour operator Paralela45 announced the merger with Rainbow Tours Polonia, one of the largest players in Poland, and is counting on increasing its market share in the coming years, according to Economica.net. Paralela45 signed a preliminary agreement on the merger with Rainbow Tours of Poland on May 15. ...
Romania’s average net wage increased by 9.8% y/y to RON 5,457 (EUR 1,097) in the first quarter of 2025, according to data published by the statistics office INS. In real terms, the annual growth rate was 4.8% – significant in absolute terms but the weakest in seven quarters. The net wage in Romania leaped up […]
The European Commission could trigger the formal procedure of temporarily suspending European funds for Romania, including money from the Resilience Facility, in June, according to sources consulted by G4media.ro. The...
Hollywood actor Sebastian Stan and swimming champion David Popovici, two of Romania’s most prominent international figures, have called on Romanians to vote in Sunday’s presidential runoff, where independent candidate and Bucharest mayor Nicușor Dan faces George Simion, the leader of the far-right party AUR. Sebastian Stan, who won a Golden Globe for...
Exim Banca Romaneasca diversifies its product portfolio and launches the Mastercard World card in EURO, a tool that enhances the payment experience for people who travel or work abroad, offering premium advantages, benefits, and rewards. The new EURO card from Exim Banca Romaneasca has as its main advantage the reduction of costs associated with transactions...
