Romania loosens surplus tax on OMV Petrom

2 min read Romania, Ciuca, Iohannis, oil

Romanian President Klaus Iohannis promulgated the revised law that lays down a “solidarity contribution” from the “excessive profits” of energy companies, on Friday 12 May. The new provisions were much softened compared to the initial version, which was deemed “unconstitutional” by a furious OMV Petrom, the Romanian integrated oil company

Romanian investments up in 2022 - PM

1 min read Economy, Romania, Ciuca, investment

Net investments in the Romanian economy were 150.1 billion leu (EUR 3.06bn) in 2022, up 8.5% on the previous year, according to National Institute of Statistics data, Romanian Prime Minister Nicolae Ciuca announced on Friday 10 March. “This demonstrates the confidence of investors in the Romanian economy,

Moscow warns against getting involved in the conflict, while allies ponder loaning MIGs to Ukraine

1 min read Poland, Romania, Ukraine, Blinken, Ciuca, Kamala Harris, NATO

Russia has issued a veiled threat to Poland and Romania not to get involved in its operation against Ukraine, writes Romania Insider, quoting a Russian Defence Ministry spokesman Igor Konashenkov who told Reuters that any country allowing Ukraine to access airports or airfields would be considered participants in the war.