The Ministry of Foreign Affairs (MAE) welcomes the signing, on Tuesday, of an agreement between Transgaz SA and the Three Seas Initiative Investment Fund (3SIIF), on the sidelines of the World Economic Forum in Davos.The agreement lays the foundations for the collaboration between the two parties for the development of natural gas infrastructure and connectivity in Romania, the Ministry of Foreign Affairs said in a press release sent on Tuesday."The Ministry of Foreign Affairs pays special attention to the financing of projects under the Three Seas Initiative (3SI), which contribute to increasing economic convergence and cohesion between EU states in the Baltic Sea, Black Sea and Adriatic regions.The 3SI projects proposed for funding and development are in the transport, energy and digital fields, with a focus on increasing interconnectivity in the region. Among the priority 3SI projects for Romania are Rail2Sea and Via Carpathia, which aim to modernize and develop the railway and road corridors form the north of Europe to the south, as well as between the Port of Gdansk and the Port of Constanta. The agreement, signed on Tuesday, aims to jointly develop natural gas projects for hydrogen, through joint venture companies owned by Transgaz and the Three Seas Initiative Investment Fund. The total value of the projects is estimated at 626 million euros," the cited source states.
The Atlantic Council will honor Romanian president Klaus Iohannis with the Distinguished International Leadership Award for his remarkable career, exemplary leadership of Romania, and his transatlantic and European leadership role. The Atlantic Council’s Distinguished Leadership Awards are often referred to by media as “the Washington Oscars.” Among the honorees are a European head of state, […]
The colorful rapeseed fields in the southern part of Romania have been photographed by NASA from a satellite and featured in an accompanying article titled “Golden Fields in Romania.” The spectacular images were taken last month above the area where the Olt River intersects with the Danube. According to the article, NASA personnel were impressed […]
UiPath, an AI-based company founded by Romanian entrepreneurs and listed on the New York Stock Exchange in 2021, has recruited Raghu Malpani as Chief Technology Officer. Malpani, who was Corporate Vice President at Microsoft for the Microsoft 365 Application and Data Platform will report to the Director of Innovation and the Executive President of UiPath, […]
Production and new orders rise after nine straight months of decline Business confidence picks up, while hiring is back on the agenda Cost inflation eases and selling prices rise only fractionally An improvement in the health of the Romanian manufacturing sector was signalled for the first time in the survey's history, according to the latest […]
Raiffeisen Bank Romania continues its growth strategy in personal financial planning, up 50% in the first quarter of the year in the segment of investment plans, voluntary pensions and life insurance with a savings component. At the same time, it continued to support SMEs and accelerated investments to launch new functionalities in the mobile banking […]
Road crews have begun snow removal on Romania’s spectacular mountain road known as Transfăgărășan. Since there is less snow than in other years, the road could be opened much earlier than the usual date of July 1, according to authorities. Transfăgărășan, Romania’s second-highest road after Transalpina, is being cleared of snow so it can be […]
