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By Andra Beltz
Kazakhstan's KazMunayGas, owners of the Rompetrol oil company based in Romania, will continue to invest in the Romanian energy sector and it has voiced its commitment to respect the obligations pledged under a memorandum signed with Romania, according a statement released under the newest name of the Rompetrol group, KMGI, on Wednesday.
KazMunayGas Chairman and CEO Sauat Mynbayev met Romania's Energy Minister Anton Anton in Bucharest on Tuesday to discuss ways to synchronise KMGI's regional development efforts with Romania's plans to become an energy hub in the Black Sea area.
'Romania and Romanians a ... Read more »
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Date: Yesterday |

By Edwig Ban
Romania ranks fourth in Europe in terms of both gas production in 2017 and gas reserves, according to BP's report on the global energy market this year.
Last year, Romania extracted 10.3 billion cubic meters. Norway ranked first in Europe with 123.2 billion cubic meters, followed by the UK (41.9 billion cubic meters) and the Netherlands (36.6 billion cubic meters).
Worldwide, production was 3.680 billion cubic meters, up by 131 billion cubic meters or 4%.
The United States remains the world's largest producer, with 734 billion cubic meters followed by Russia with 635 billion cubic meters.
... Read more »
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Date: 17 June 2018 |

By Jerom Bolt
The Ministry of National Defense has sent to Parliament a letter approving the funding of about EUR 230 million for research, development and homologation in Romania of the armored and amphibious carrier AGILIS 8X8 by Romanian Military Vehicle Systems.
In November 2016, the Moreni Automechanical Plant, subordinated to the Ministry of Economy, signed with the Germans from Rheinmetall an agreement to establish Romanian Military Vehicle Systems (RMVS), which was formally formed on June 14, 2017.
RMVS would develop a new product at Moreni - an amphibian-armored conveyor - called Agilis 8X8.
MApN sent a ... Read more »
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Date: 15 June 2018 |

By Emea Riga
EU Affairs Director of the International Association of Oil & Gas producers (IOGP) Francois-Regis Mouton, who attended in Bucharest the annual conference called Gas Infrastructure Europe, stated on Thursday that with the extraction of resources from the Black Sea, Romania could become Europe's third largest producer of natural gas.
Mouton stated that Romania could become the third gas producer of Europe, giving that the potential of the Black Sea exceeds 200 billion cubic meters.
In addition, these resources of Ro ... Read more »
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Date: 14 June 2018 |

>>>The investment will support the expansion of BAT’s innovative tobacco heating product - glo

By R.Constantin
The members of the Government of Bucharest and BAT representatives have today inaugurated one of the largest foreign direct investments in Romania.
British American Tobacco (BAT), the largest tobacco company in Romania, announces it will invest €800 million (about $1billion) over the next 5 years in its factory in Ploiești. The investment, which will generate 200 new jobs in Romania, will support the expansion of BAT’s innovative ... Read more »
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Date: 11 June 2018 |

>>>FSDI will have two billion lei working capital and a nine billion lei (about 2 bln euros) social product, from 33 state-owned companies

By Edwig Ban
The Chamber of Deputies, acting as decision-making forum, adopted on Wednesday by a vote of 174 to 98 and three abstentions the bill on the creation of the Sovereign Development and Investment Fund (FSDI), after the Economic Policy Committee made several amendments to the piece of legislation, that include the increase of the contribution in cash to 9 billion lei (about 2 billion euros) and the ... Read more »
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Date: 06 June 2018 |

>>> The supplier is Biodeck, a Romanian brand that offers sustainable packaging, the herbal products that are 100% biodegradable and compostable

By Emea Riga
The Carrefour Group is the first Romanian retailer to introduce at national level 100% biodegradable bags, available from June 5th in all hypermarkets in Bucharest, the representatives of the company said on the occasion of the World Environment Day.
"The introduction of the biodegradable bag is a major step in our vision of promoting a better life and becoming a le ... Read more »
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Date: 05 June 2018 |

By Jerom Bolt
Transgaz SA Romania has started the construction of BRUA pipeline (Bulgaria-Romania-Hungary-Austria) today, a project of national and regional interest for the gas market of Central and South Europe. The BRUA - Phase 1 project involves the construction of a 479 km natural gas pipeline with a diameter of 32 "(Dn 800) and a design pressure of 63 bar across Romania. The estimated total Phase I value is € 478.6 million.
In BRUA - Phase I, Transgaz is already working on April 3 at the 3 gas compressing stations at Podişor, Jupa and Bibeşti. 40% of the estimated eligible costs are covered by ... Read more »
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Date: 04 June 2018 |

By Edwig Ban
For the first time in the history of the European Union, Cohesion Policy will have the most important allocation of 374 billion euros for the period 2021-2027.
"... For the first time in the history of the European Union, the Cohesion Policy will have the most significant allocation of € 374 billion for the period 2021-2027 for the 27 Member States (unfortunately the UK will leave the European project in March 2019).There were no easy negotiations, given the departure of the second net contributor to the EU Budget and the need to introduce new priorities. The allocation for ... Read more »
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Date: 31 May 2018 |

>>>The stock exchanges from Bucharest, Warsaw and Prague met with US investors during the ‘CEE Investor Days’ conference dedicated to promoting their countries’ investment opportunities

By Andra Beltz
The ‘CEE Investor Days’ conference took place in New York on May 23-24 and was organized by the Stock Exchanges from Bucharest, Warsaw and Prague in cooperation with independent brokerage firm Wood & Company. During the two days of the event, 34 companies from Poland, Czech Republic and Romania met with 84 institutional investors ... Read more »
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Date: 30 May 2018 |

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The Romanian Business Journal
Constantin Radut
Editor in Chief
031726 Bucharest, Romania

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