Vice President Kamala Harris will travel to Warsaw, Poland and Bucharest, Romania March 9-11. Her visit will demonstrate the strength and unity of the NATO Alliance and U.S. support for NATO’s eastern flank allies in the face of Russian aggression. It will also highlight our collective efforts to support the people of Ukraine. During her meetings with the leaders of Poland and Romania, the Vice President will advance our close coordination in response to Russia’s unprovoked and unjustified invasion of Ukraine. They will discuss our continuing support for the people of Ukraine through security, economic, and humanitarian assistance and our determination to impose severe economic consequences on Russia and those complicit in Russia’s invasion. The Vice President’s meetings will also focus on how the United States can further support Ukraine’s neighbors as they welcome and care for refugees fleeing violence. More details on the Vice President’s engagements will be forthcoming in the coming days.
The Ministry of Development proposed to the government to analyse the opportunity to develop an investment program dedicated to the economic recovery of small towns with a population of under 25,000 in non-metropolitan areas. The financial support for the development of these towns has been so far fragmented, and competition with large cities for funds proved […]
Prime minister Ilie Bolojan said on November 6 that he hopes that the ruling coalition will manage to legislate by the end of this month the rest of the second package of budgetary measures, namely the public administration streamlining law and the law on magistrates' pensions. Unless the law on the public administration is legislated, […]
Japanese group Makita announced that it will reduce production of power tools in China for the US market due to the unpredictability of US tariffs and move this production to factories in Romania and Thailand, according to Nikkei Asia, as reported by Economica.net. The Japanese group reported business of almost EUR 640 million locally...
The Competition Council has outlined a series of concerns related to the transaction through which the Schwarz group, which operates the Kaufland and Lidl store chains in Romania, intends to take over the La Cocoș stores, according to a press release quoted by
Romania’s flag carrier, Tarom, has requested the government to disburse a new tranche of restructuring state aid approved in 2024 to address the current liquidity deficit, Profit.ro reported. The company argued that, because of late payment penalties...
Retail sales volume contracted by 2.3% q/q in Q3, resulting in a 0.3% y/y decline in Romania (the second negative reading since the Covid-19 pandemic), visibly dragged down by the real wages that contracted by 3.7% y/y in July-August (latest data available) after +2.2% y/y in Q2, +4.6% y/y in Q1 and around 9%-10% y/y […]
