Minister for European Affairs, Victor Negrescu, resigns

Minister for European Affairs, Victor Negrescu, has resigned on Saturday from the Viorica Dăncilă cabinet. The decision comes after the government sitting on Friday, less than two months ahead of Romania taking over the rotating EU presidency. Victor Negrescu has coordinated the preparations for Romania to take over the presidency of the EU Council as of January 1, 2019.

Source: Romania Journal

Victor Ponta: On Tuesday we will have a resolution in the EP condemning Romania by all political groups

Victor Ponta, President of Pro Romania, claims that, against the background of the current government, which he considers „awkward” next week, all political groups in the European Parliament will adopt a resolution condemning Romania.

Source: Agerpres

Black Sea Oil & Gas and Transgaz signed a 15-year contract for the Black Sea gas transport

Black Sea Oil & Gas and Transgaz SA signed a 15-year contract for the transportation of natural gas from the Black Sea to the national transport system. The contract will be applicable only to the final decision to invest in the Midia Gas Natural Gas (MGD Project) project, says Black Sea Oil & Gas. The MGD project consists of digging five production wells, a production submarine assembly on the Doina field, which will be connected via an 18-kilometer pipeline to the production platform monitored and operated from the shore on the Ana deposit. The contract was signed on Friday, November 9, between Transgaz general manager Ion Sterian and Black Sea Oil & Gas CEO Mark Beacom.

Source: Hotnews

In the full construction of the BRUA pipeline, the Government leaves Transgaz without money

Transgaz is the third company, after Nuclearelectrica and Romgaz, announcing that it is required by the Government to distribute additional dividends at the end of the year. The shareholders of the company will discuss at the GMS meeting on December 3, at the request of the Ministry of Economy, the distribution of additional dividends, but the amount is not specified. We recall that state-owned companies are squeezed out of their reserves, and the government is trying to cover the budget deficit, even at the risk of jeopardizing companies’ investments.

Source: Hotnews, Profit