The government approved, on Thursday, the amendment of the Agreement on the Strategic Partnership between the governments of the Republic of Azerbaijan, Georgia, Romania and Hungary in the field of Green Energy Development and Transport, introducing provisions according to which the law of the European Union and the obligations of Hungary and Romania, resulting from their membership of the EU, have priority over the obligations in the agreement.According to a press release from the government, the memorandum approved in this regard provides for the negotiation and signing of a Protocol for the amendment of Article 6 of the Agreement on the Strategic Partnership between the governments of the Republic of Azerbaijan, Georgia, Romania and Hungary in the Field of Green Energy Development and Transport, being clarified "some aspects regarding to the compatibility with the legislation of the European Union"."Thus, at the request of the European Commission, Article 6 of the agreement is amended, introducing provisions to ensure that EU law and the obligations of Hungary and Romania resulting from their membership of the EU take precedence over the obligations provided for in the agreement," states the quoted source.This Agreement was signed on December 17, 2022 and aims at "long-term cooperation in the field of energy, the expansion of relations in new fields for the common benefit, underlining the growing importance of new energy infrastructure initiatives, which will contribute to the diversification of energy supply and routes of transit in the regions of which they are a part," the press release reads.
Elena Oancea is the Co-CEO of Goldbach Group, a Romanian holding comprising 8 companies operating in sectors such as the development of retail parks, property management, civil and industrial construction, real estate development, architecture and urban planning, interior design, renewable energy, consultancy for projects financed by European funds. Driven by a clear vision of strategic innovation […]
Cosmin Florin Dumitrache, a shepherd from Romania’s Prahova County, notified the Prahova County Museum of History and Archaeology after he discovered a skull in the Vârful Scoruș area, at Urlați. The bones turned out to be 5,000 years old years old. A team of specialists from the museum carried out an archaeological intervention to salvage […]
Crin Antonescu, the candidate backed by the ruling coalition in Romania, raised RON 20 million (EUR 4 million) for the ongoing presidential campaign, according to data published by the Permanent Electoral Authority on Friday, April 11. Of the RON 20 million, the Social Democratic Party raised RON 15 million for Antonescu’s campaign, followed by UDMR, […]
Frequenza Festival will bring a mix of classical and contemporary chamber music to Bucharest next month. Hosted at the Auditorium Hall of the National Museum of Art of Romania between May 22 and 25, the festival will feature four evening concerts performed by a lineup of international musicians. The festival’s artistic directors are the renowned […]
Romania is set to be part of an Important Project of Common European Interest (IPCEI) on nuclear energy announced this week by Stéphane Séjourné, Vice-President of the European Commission responsible for industrial strategy. The project developed by France with Romania and Italy includes small modular reactors, advanced reactors, uranium management, supply, research on nuclear fusion, […]
Victoriabank, a subsidiary of Romania’s Banca Transilvania Group, has signed an agreement to acquire Microinvest, the leading non-bank microfinance institution in the Republic of Moldova. The deal, announced Thursday in Chișinău, marks the group’s latest expansion into the Moldovan market, following Victoriabank’s recent merger with BCR Chișinău. The transaction is subject to approval by regulatory […]
