Romania is interested in materializing the initiatives and projects on the Romanian-Chinese bilateral agenda, particularly the projects on energy, transport infrastructure and information technology, that should better capitalize on the creative potential, Romanian Minister of Economy, Trade and the Relations with the Business Climate, Costin Borc told the China - Central and Eastern Europe Cooperation Summit, according to a ministry release sent on Tuesday. Borc, also a Vice Prime Minister and Foreign Minister Lazar Comanescu took part in the 4th edition of the Summit held in Suzhou, China on Tuesday, the release added. The host of the event was Chinese Premier Li Keqiang who, alongside the representatives of 16 Central and East European states set the priorities for the development of the cooperation, on the economy chiefly during the next four years and examined the developments in the implementation of the already agreed projects. On this occasion, Borc and Comanescu had a bilateral meeting with Li Keqiang, whom they handed in a letter from Romanian counterpart Dacian Ciolos. Borc called for more intense bilateral cooperation on agriculture, so as to allow more efficient evolution of the Romanian exports to China as well as for the diversification of the initiatives on tourism. The Chinese premier appreciated both Prime Minister Ciolos's message and the proposals unveiled by Vice Premier Borc during the bilateral meeting. Borc, in an address to the plenary gathering, underlined the preoccupation of the new Romanian Government for seeing the ambitious agenda of the China - Central and Eastern Europe cooperation materialize, especially by including Romania's potential of a regional hub in the future routes of the multi-modal goods transport between China and Europe. Specifically highlighted were the possibilities for the development of the infrastructure in the Black Sea port of Constanta and the Danube River area. Borc also supported the initiative of Romania's taking up the coordination of the Sectorial Group on the energy cooperation between China and the 16 countries in the region. He underscored the need to attract regional resources, resources from the European Union and from China in order to capitalize on the creative potential in the information technology sector and on the new technologies in communications, information society and energy, by using already launched capacities or capacities that are undergoing consolidation in Romania.
President Nicusor Dan signed on Thursday the decree appointing Prime Minister Ilie Bolojan as interim Vice Prime Minister on the areas coordinated by Dragos Anastasiu, the Presidential Administration informed.On 27 July, Dragos Anastasiu announced he was stepping down from the vice prime minister office, mentioning that he could no longer accept "being denigrated and thus […]
Prime Minister Ilie Bolojan continued consultations on Thursday with representatives of the Association of Communes of Romania, telling them there is a strong chance to overcome the current difficult period if the approach of "responsibility toward public funds" is maintained."The reform of local public administration will be part of the second package of government measures […]
Financing the National Recovery and Resilience Plan (PNRR) projects will continue for those already initiated and will stop only in case investment has not begun, where not a single euro was spent for construction, Development minister Cseke Attila explained on Thursday. “PNRR will not stop, neither will financing investments which have already been initiated, […]
The Justice Ministry announced on Thursday having developed in cooperation with the Finance Ministry and the National Tax Administration Agency a set of proposals to amend the Insolvency Law, which will be included in the second reform package.Some of the amendments provide for a higher recovery rate of the taxes and fees owed by insolvent […]
Romania is in the antechamber of recession, with the risk that its economy will decline in the third or fourth quarter, especially amid an increase in taxes, a significant drop in sales and record inflation at European level, says business consultant Adrian Negrescu."We are currently in the antechamber of recession. It is a moment […]
The Ministry of Culture announced on Thursday that is set to adapt national legislation for enforcing the European Media Freedom Act (EMFA), which supports media pluralism, editorial responsibility, protects journalists from abusive surveillance and intimidation, and provides protection for sources.According to a Culture Ministry release, the implementation in Romania of Regulation (EU) 2024/1083 of the […]
