A tender for the privatization of Romanian company Cupru Min has been won officially by Canadian company Roman Copper Inc., but the whole process came to a standstill over the past several days, with Roman Copper saying it was trying to push for a deal despite the Romanian government pulling out of negotiations. But who is behind Roman Copper, about which it was only known that investment bank Bayfront Capital Partners was among its founders? According to HotNews.ro sources, Roman Copper covers another Canadian company founded by a US citizen and a Canadian citizen living in Romania since the nineties.
Belgian company Avesta Battery and Energy Engineering (ABEE) has decided to end its collaboration for the project in Romania but continues to explore other promising locations to support strategic growth, according to a company's statement dating from June surfaced in local media (
The European Commission (EC) proposes a EUR 120 million allocation from its reserves for direct payments to farmers in Bulgaria, Germany, Estonia, Italy, and Romania who were impacted by adverse weather events in the spring and early summer, the EC's Representation in Romania said in a press release. Of this grant, EUR 10.9 million is […]
The European Commission will operate the third disbursement under the Resilience Facility to Romania by the end of the year, but the disbursement will be "partial" as only 38 reforms out of the total of 55 were met, Romanian minister of investments and European funds Adrian Caciu said on September 23. Earlier this month, MEP […]
Based on the first budget revision endorsed by the government on September 23, the Fiscal Council estimates that the full-year cash deficit will reach 8% of GDP instead of the 6.9% targeted by the Executive, according to a Council’s opinion. The ongoing negotiations with the European Commission ahead of an expected medium-term fiscal consolidation...
The government of Romania approved on September 23 the budget revision that brings the deficit to 6.9% of GDP from 5% previously and revises the economic growth assumption down to 2.8% of the GDP from 3.4%. Prime minister Marcel Ciolacu said this is "a positive budget correction" because "additional resources are allocated for all major […]
Non-profit Romanian United Foundation (RUF) plans to expand the Romanian-language courses it currently offers in Chicago to five additional communities in the United States and Canada. “By expanding the Romanian language courses and applying the successful model in Chicago, we hope to offer valuable educational opportunities and strengthen the ties between Romanians in North America,” […]
