Govnet

Petrom considers expanding its businesses by entering the shale gas sector

While Petrom approximates its investment will reach EUR1.2 billion this year, in 2014 they're going to invest about EUR0.8 - 1 billion in the business, said Mariana Gheorghe, General Director at Petrom, during the Reuters Investment Summit held in September.

Gheorghe also talked about the possibility of Petrom expanding its business by entering the shale gas field, after Gerhard Rois, president at OMV (the group that owns Petrom) said last year that Romania should extract shale gas if geological studies indicated significant reserves.

General

Rosia Montana mining project: who are the (real) beneficiaries?  

Rosia Montana mining project has seized the public attention becoming a hot spot about three weeks ago when the Romanian Government sent to the Parliament a draft law to approve the start of mining in the area. The law in question, if voted, would have enabled the State to enforce locals living in the targeted mining area to relocate. Thousands of people throughout Romania have started a protest against this project and eventually succeeded to make their voice heard loud enough so that politicians stepped back fearing valuable voters support in the next elections. As usual, a special committee was formed to analyze and handle the issue, nnd eventually to decide in favor or against the mining project.

Economic freedom increased in Romania compared to 2012

Romania is ranked 45 among the World's freest economies, scoring 7.32 points out of 10, six places up over 2012 in a top carried out by Canadian research institute, Fraser.
According to the 'Economic Freedom of the World: 2013' annual report, the World's freest economies are: Hong Kong, Singapore, New Zealand, Switzerland, United Arab Emirates, Mauritius, Finland, Bahrain, Canada and Australia. On the other side there are Venezuela, Myanmar, Republic of Congo, Zimbabwe and Chad.

112 million euro intermodal terminal at Timisoara Airport

Timisoara Airport wants to build an intermodal terminal to ensure a connection between airport and transportation in order to possibly increase the number of passengers. The new terminal might bring 2 million more passengers according to the estimates Daniel Idolu, General Director at ‘Traian Vuia’ International Airport announced.

‘We consider building an intermodal terminal in Timisoara so that the transfer between aircraft and transportation is faster, to have an integrated system and merchants to provide tickets for public transportation.

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Petrom considers expanding its businesses by entering the shale gas sector

Rosia Montana mining project: who are the (real) beneficiaries?

Economic freedom increased in Romania compared to 2012

112 million euro intermodal terminal at Timisoara Airport