President Klaus Iohannis received, on Wednesday, at the Cotroceni Palace, the minister of Foreign Affairs of the government of Bosnia and Herzegovina, Elmedin Konakovic, on the occasion of his official visit to Bucharest, the Presidential Administration reports.Iohannis welcomed the appreciation enjoyed by the Romanian soldiers participating in the EUFOR ALTHEA Operation of the European Union in Bosnia and Herzegovina, our country being one of the main contributors to ensuring a safe and stable climate in the Western Balkans.The head of state reconfirmed the constant support that Romania gives for the European and Euro-Atlantic course of the Western Balkans, as well as for ensuring the security and stability of the region.In the context of the March decision of the European Council to approve the opening of accession negotiations, Iohannis encouraged Bosnia and Herzegovina to, "through an active and determined attitude, in the spirit of European values, continue the necessary reforms, including those regarding the strengthening of the rule of law and ensuring fundamental rights".
Romania has become the EU country with the highest unemployment rate among young people under 25 (26.3%), according to official Eurostat data published in December 2024 and analyzed by the Social Monitor, a project of the Friedrich Ebert Foundation Romania. Thus, Romania surpassed states such as Spain and Greece, where youth unemployment has always been […]
In its half-year report for the second half of 2024, TikTok said it blocked 33,000 spam accounts in Romania and nearly 100,000 fake accounts. It highlighted its intense activity in blocking fraudulent activity related to Romania, particularly during the electoral campaign, indirectly admitting the...
Moldovan president Maia Sandu has acknowledged that some local entrepreneurs are transferring capital to Romania due to its stability as a European Union and NATO member state. Speaking about the country's economic stagnation in 2024, when GDP grew by only 0.1%, and the technical recession in the second half of the year, Sandu highlighted concerns […]
Battery Energy Storage Systems (BESS) are set to become a central component of Romania's power system, according to Oxford-based Aurora Energy Research, whose analysts see investments in Romania's BESS totaling several gigawatts of capacity and several billion euros over the next decade. Aurora pointed to both the opportunities and the risks and uncertainties associated with […]
Romania’s insurance market grew by 11% year-on-year in 2024, reaching a total gross written premium volume of RON 23.4bn (EUR 4.7bn), according to a report published on 1 April by the Financial Supervisory Authority (ASF). General insurance accounted for 81% of total underwritings, while life insurance represented 19%. The total value of insurance premiums for […]
Romania’s authorities are reportedly negotiating with Turkish company Desan Shipyard, which is pondering the option of taking over the activity of Damen Shipyards Mangalia, abandoned last year by its 49% strategic shareholder Damen and currently under insolvency, according to
