It is vital for the Government to support the automotive industry, which contributes significantly to our country's GDP and plays a crucial role in Romania's exports, Prime Minister Marcel Ciolacu told the Sustainable and Accessible Mobility Forum on Thursday, an event organised by the Association of Automobile Manufacturers and Importers of Romania."Over the years, the Romanian automotive industry has demonstrated an extraordinary capacity for adaptation and innovation. And today we are here to celebrate these achievements and to discuss the sustainable future of mobility. In this context, I believe that our 'Reindustrialisation of the Economy' plan, which we are about to launch, comes to support this strategic industry of the country. This plan aims to transform Romania into a technology and innovation hub in South East Europe within the next 10 years. We aim to attract significant investment in the automotive sector, develop the necessary infrastructure and support research and development in electric and autonomous vehicles. It is vital to support our automotive industry, which contributes significantly to our country's GDP and plays a crucial role in the volume of Romania's exports," said Marcel Ciolacu.He highlighted that automobile production increased spectacularly this year, with "over 600,000 units produced annually by the Dacia and Ford Otosan plants," achievements which not only support national economy, but also place Romania as an important player on the European car market.He went on detailing the government commitment to modernise the automotive industry sector, mentioning the 'Rabla' car scrappage scheme or the incentives for hybrid or electric cars.At the same time, he pointed out the need of dedicated programmes to support the car industry from the European Commission, stressing that, without intervention and support from the EC, the automotive industry in Romania and the EU could face massive layoffs in the coming years.In conclusion, the prime minister reiterated Romania's commitment to green projects and to decarbonising the economy."However, we must be aware that the transition to a green economy must not become a brake on the economic development of our country and the automotive industry in particular. It is essential to strike a balance between environmental protection and economic growth, so as to ensure a prosperous and sustainable future for all our citizens," said Prime Minister Ciolacu.
Young people aged between 16 and 18 in Romania will be able to establish and manage a new type of limited liability company (S.R.L.), which will be called a "firmă de exercițiu" (practice firm) and will have the abbreviation "S.R.L.-F.E.", according to a new project. A young person will be able to establish or acquire […]
Developer Skanska has signed an agreement to sell the first phase of the Bucharest office complex Equilibrium to Gordiusz Private Equity Fund, managed by Gránit Asset Management. The transaction value amounts to EUR 52 million. The Equilibrium office complex consists of two buildings in the business district Floreasca – Barbu Vacarescu. The first phase, which […]
This year's edition of the George Enescu International Festival, the largest classical music event in the country, will feature performances from some of the top sopranos and mezzo-sopranos of the moment. Among them are Asmik Grigorian, Sonya Yoncheva, Kristine Opolais, Magdalena Kožená, Julia Lezhneva, Sarah Aristidou, Jennifer Holloway, Aylin Perez, Elsa Dreisig, Rachel Willis-Sørensen, Ruxandra […]
Globinvest, an asset management company from Cluj-Napoca, is set to launch an exchange-traded fund, or ETF, grouping together companies in the energy sector and several financial companies. Globinvest, a company with 30 years of experience on the Romanian capital market, will list the new entity on April 28 under the symbol GIBEFETF. Ilie Cenan, Chairman […]
Cyberhaven, an AI-powered data security provider founded by three Romanians and two Ukrainian citizens, recently announced that it has attracted a USD 100 million Series D funding led by StepStone Group along with new investors Schroders and Industry Ventures, to further accelerate its rapid growth. The funding pushes the valuation of the company to USD […]
The electoral campaign for the presidential elections began on Friday, April 4, at midnight, with most of the candidates posting on social media within the first minutes. Far-right candidate George Simion, credited with the first shot at winning the first round according to the latest surveys, began the election campaign alongside his wife and supporters, […]
