The Government approved, on Thursday, the ratification of the Framework Agreement on the establishment of the International Solar Alliance (ISA), signed by Romania in Dubai, United Arab Emirates, on December 3, 2023.According to a press release from the Executive, the ratification of this Framework Agreement will strengthen Romania's international cooperation with the member states of the International Solar Alliance."By associating with ISA and promoting projects for the use of solar energy, Romania contributes to achieving the objectives established within the European Green Deal (Green Deal), an important initiative to combat the effects of climate change. At the same time, the Framework Agreement provides for the designation of a National Contact Point for ISA with the task of developing programs, promoting financing for innovation, research and development activities, facilitating the exchange of ideas between specialists," the press release states.Currently, 118 states have signed the ISA Accession Agreement."ISA, established in 2015, in Paris, at the initiative of India and with the support of France, is a coalition of countries rich in solar resources, designed to meet the needs of energy consumption. The organization provides a platform for global cooperation, including governments, bilateral and multilateral organizations, corporations and other interested parties, to increase the use of solar energy. In April 2022, the Ministry of Energy of the Romanian Government initiated the steps to join the International Solar Alliance, after participating as an observer in the General Assembly of ISA in October 2021," the press release mentions.The draft law approved by the Government will be sent to Parliament for debate and adoption.
Up Romania, one of the leading players in the fringe benefits industry in the market, launches UpMobil+ app, a digital ecosystem for fringe benefits management and access to exclusive offers, top products and services, all in one place. The new app is addressed both to those who benefit from Up Romania products, and to the […]
The three far-right nationalist parties in Romania's Parliament filed a request, drafted by the Party of Young People (POT), to initiate the procedures for the suspension from the post of president Klaus Iohannis. Six MPs more than required (one-third of the total number of lawmakers) signed the document, namely all the 161 MPs of POT, […]
A recent electoral survey conducted by Sociopol for Romania TV reveals that nationalist and far-right candidates are poised to dominate Romania’s presidential election this May. The poll suggests that radical candidates, including leading figure Călin Georgescu, will advance to the second round regardless of whether Georgescu is permitted to run. The results spotlight Georgescu, a […]
Chimcomplex, the largest industrial entrepreneurial company, controlled by Ştefan Vuza, requests reconsideration of the decision to cancel the state aid contract from the Ministry of Economy, signed at the end of 2023, and continuation of the dialogue to find viable solutions. "By winning a grant worth RON 195 million (for a RON 490 million resin […]
An International Monetary Fund (IMF) delegation will visit Bucharest from February 3 to 7 to discuss with Romania’s new government and the National Bank, according to an IMF press release quoted by Ziarul Financiar. Led by Joong Shik Kang, the mission will review recent economic and financial developments...
The average yield accepted by the Romanian Treasury in the latest auction for three-year bonds rose to 7.7% on January 15 from 7.04% one month earlier. The yield for five-year bonds increased to 7.75% from 7.22%, while the yield for 10-year bonds neared 8%. Separately, the Treasury is selling RON-denominated bonds to households with yields […]
