Prime Minister Nicolae Ciuca and Gallina A. Vincelette, the World Bank's Country Director for the European Union, have agreed to further talks between the government and the World Bank on issues of major interest to our country, such as education and health, energy, measures for the integration of refugees, relocation of companies from the areas affected by the conflict.According to a Government press release, during the meeting with the WB Director for the EU at Victoria Palace of Government, the Prime Minister underlined the need to address in an integrated way the financial instruments available to Romania during this period, as well as the need to coordinate efforts with European and international institutions."We are committed to implementing the necessary reforms for our citizens and our economy, using the available financial resources. Our government program grants special attention to recovering development gaps between regions. In this regard, we use public resources, but we also encourage private investors to invest in areas that have a strong development potential," Ciuca stated.At the same time, the head of the Executive presented the Government's plan for achieving energy independence, through the development of renewable energy production capacities or through nuclear reactors, as well as the diversification of gas exploitation or transportation capacities.With regard to food security, the Prime Minister pointed out that Romania is among the European countries with an agricultural production with the potential to cover other markets as well."In this regard, the Government will launch a program to develop the capacity to process and store agricultural products, in order to generate added value and be able to offer solutions to other countries as well," reads the release.In its turn, the World Bank delegation expressed its readiness to come to the aid of Romania with expertise, specialists and financing programs.
The leader of the Romanian far-right party AUR (Alliance for the Union of Romanians), George Simion, has reportedly cleared the signing of a USD 1.5 million contract with BGD Legal & Consulting to buy lobby services in the US aimed at resulting in interviews and meetings with American officials, according to
Evomag, the only online store in Romania active on all major marketplace platforms (eMAG, Trendyol, Glovo, Bringo, Tazz, and Decathlon), will soon complete its listing on Skroutz, the most important marketplace in Greece, and estimates an additional increase of at least 10% in sales achieved through this channel for 2025,
German industrial manufacturer Ebm-papst will invest EUR 30 million in a new production facility and research and development center in Oradea, northwest Romania, Ziarul Financiar reported. The investment will expand the company’s existing operations and mark a new phase of growth for its local subsidiary, Ebm-papst...
OMV Petrom and Romgaz, which own 50% of Neptun Deep, will drill a new exploration well in the offshore perimeter under the commitments included in the concession contract, according to Profit.ro quoting preparatory documents. The...
Romanian state-controlled hydropower group Hidroelectrica (BVB: H2O) is hiring consultants to assist it in the acquisition, over a three-year time horizon, of four project companies that develop photovoltaic parks with a cumulative capacity of a maximum of 360 MW, according to
DVI Production, a Romanian company controlled by local entrepreneurs, so far specialising in the manufacture of masonry elements, has opened the largest autoclaved aerated concrete (AAC) blocks production capacity in Europe in Iernut (Mureș County) following an investment of EUR 40 million including a EUR 10 million grant, according to
