Florentina Cernat

Repatriating Romania's gold reserve would cost 10-20 times more than storing it (BNR)

Repatriating Romania's gold reserve would cost 10-20 times more than the commission paid to the Bank of England for storing it there, said, on Tuesday, the Governor of the National Bank of Romania (BNR), Mugur Isarescu, in a press conference. "We will respect the law, the vote of the Parliament.

Romania's Transgaz signs MoU on development of natural gas networks in Eastern Europe

Romania's Transgaz national natural gas transmission corporation signed on January 28 a Memorandum of Understanding (MoU) on the Partnership for the Development of Natural Gas Networks in Eastern Europe (EE-NGP), according to a press statement released on Friday to the Bucharest Stock Exchange (BVB). The memorandum was signed by all the entities that are members of the project.

Electricity transmission tariffs, down 1.96pct in Romania as of January 16

Transelectrica reduced its electricity transmission tariffs by 1.96pct as of January 16, 2020, as a result of a cut in the contribution paid to the National Energy Regulatory Authority (ANRE) from 2pct to 0.2pct of the business turnover, according to a report submitted on Friday to the Bucharest Stock Exchange (BVB).

Romania readies for go-live on Nov 19 of second wave of Single Intraday Coupling project

The Regulatory Committee of the National Energy Regulatory Authority (ANRE) approved on Monday two orders required for the coupling of Romania's intraday electricity market to the markets of the neighboring countries, ANRE said in a release.

PM-designate Orban: 330 km of the 479 km of BRUA gas pipeline already completed

Transgaz has already completed 330 kilometers of the National Gas Transmission System on the Bulgaria-Romania-Hungary-Austria corridor (BRUA) gas pipeline, a strategic project for the Romanian economy, said on Thursday Prime Minister-designate Ludovic Orban, who attended the inauguration of the gas compressor station in Podisor.

Greenlight for Lukoil Overseas drilling operations in Romanian Black Sea waters

The Competent Authority for Regulation of Offshore Oil Operations in the Black Sea (ACROPO) has sent Lukoil Overseas its greenlight so the latter may start oil drilling operations in the Trident perimeter of the Romanian Black Sea territorial waters, according to a Facebook post of the institution. "In accordance with the provisions of Law no.

Acting ForMin Manescu advocates East - West cooperation, as new global order is about to set in

Eastern and Western European states need to cooperate, and the EU should tighten the relationship with the US, because a new global order is about to set in, acting Foreign Affairs Minister Ramona Manescu on Thursday told the Bucharest Forum, an event organized by the Aspen Institute and the Bucharest Office of the German Marshall Fund of the US.

Acting CommMin calls discarding ministry totally uninspired decision as much European funds would be lost

Discarding the Ministry of Communications would be a mistake, given that it would lead to delays in the digitisation programmes and the loss of a large amount of European funds, said the acting Communications Minister Alexandru Petrescu told AGERPRES on Thursday.

Pages