The Minister of Energy, Virgil Popescu, announced in a press release that the EU member states are analyzing the technical conditions for achieving an emergency synchronization of the energy system in Ukraine and the Republic of Moldova with the European one. Currently, the power systems of Ukraine and the Republic of Moldova operate in isolation from other neighboring energy systems and are disconnected from Russia, Virgil Popescu recalled after the extraordinary meeting of the Energy Council. According to him, both in Romania and in the Member States, the supply situation is stable, without risks for the current winter, and the EU is ready to activate emergency plans as the situation requires. The Minister of Energy pointed out, in the context, that a priority is the preparation for next winter, stating that he supports maximizing the efficiency of storage capacities and exploring alternative supply routes. “Romania supports the strategic partnership between the EU and Azerbaijan and the operationalization of the Southern Gas Corridor, including the BRUA project. […] In the medium and long term, it is important to diversify sources of supply in order to reduce dependence on imports from Russia, to continue investing in new low-carbon energy capabilities, to increase energy efficiency and interconnections at EU level” the minister also transmitted.
A coalition of eleven Romanian business associations, including Concordia, the Foreign Investors Council, Romanian Business Leaders, and various bilateral chambers of commerce, has issued a joint appeal calling on political parties to maintain the country's current tax framework and prioritise structural reform over immediate tax increases. The business groups argue that the focus should be […]
President Nicușor Dan announced Wednesday evening, June 11, that Romania's Supreme Council of National Defense (CSAT) will discuss how to tackle the rapid spread of disinformation online, emphasizing the need for swift responses to false narratives that circulate widely in just a matter of hours,
The largest film festival in the country kicks off this weekend in Cluj, while Bucharest has numerous music festivals going on.
The Confident Group, a corporate and brand communications cluster present in Bucharest and Barcelona, launches Confident Impact, its new sustainability-focused business line. The move marks a strategic expansion into comprehensive Sustainability services, including ESG and CSR specific solutions, tailored for both corporations and SMEs. Confident Impact is a growing one stop shop delivering a comprehensive,...
Bucharest’s five-star Radisson Blu Hotel launched “Art in Motion,” a pop-up exhibition developed in partnership with Art Safari, the largest organizer of art exhibitions in Eastern Europe. The exhibition can be viewed from early June to July 31 in public areas of the hotel. According to the hotel press release, the initiative underscores Bucharest’s role […]
Leading retail park owner M Core has invested more than EUR 150 million in the Romanian market over the past six months, significantly expanding its presence through a series of acquisitions and new developments. The company acquired Focșani Shopping Centre from KBC, Suceava Shopping City, and seven fully leased retail parks previously owned by MAS. […]
