Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Agreement signed in Bucharest: 221 million Swiss francs...

Agreement signed in Bucharest: 221 million Swiss francs for economic growth, energy efficiency

January 5, 2023

Romania will benefit from 221 million Swiss francs, based on a framework agreement, signed on Monday at the Cotroceni Palace, which will operationalize the second Swiss financial contribution to reduce economic and social disparities in the Union European.The President of the Swiss Confederation, Ignazio Cassis, declared that the amount offered is "at the same time a lot and a little", but that these funds will allow the deepening of bilateral relations and the financing of some projects in favor of the population of Romania. The money can be used until 2029.The partnership aims at five areas: economic growth and reduction of unemployment, thanks to professional training programs; improving public safety by strengthening the neighborhood police, the judicial system and the fight against organized crime; energy efficiency and renewable energies; ensuring basic medical services in isolated areas and social inclusion of disadvantaged groups; transparency and the fight against corruption."Our countries already collaborate, very successfully, on these topics and this is the starting point for the second contribution. The fact that we worked together between 2009 and 2019 allowed us to improve our mutual knowledge and collaborate better. So the ground is prepared. My visit today reminds us that our countries maintain excellent bilateral relations," said Ignazio Cassis.President Klaus Iohannis declared that Monday's bilateral discussions reconfirmed the solidity of the relationship between Romania and the Swiss Confederation, in a "difficult period, marked by multiple challenges". At the same time, he highlighted that the volume of trade has more than doubled in recent years, reaching 1.76 billion euros in 2021."Also, after the first 9 months of the current year we are already approaching 1.5 billion euros, which means we have an increase of almost 24% compared to last year. At the same time, Switzerland remains an important investor in Romania, ranked 10th in top of the countries of origin of foreign investments. In the future, we will focus on concrete projects of common interest, in areas such as: research and innovation, energy, cyber security, education and professional training, health and medicine," said Iohannis.He appreciated the support that Switzerland gives to Romania's goal of integration into the OECD. The Romanian president also welcomed the recent election of Switzerland for its first mandate as a non-permanent member of the UN Security Council, in the period 2023-2024."During today's discussions, we also addressed the topic of energy security at the European level, especially in the current extremely complicated security context. Romania and Switzerland have common interests in implementing concrete solutions at the level of the European energy market, in order to ensure both prices correct, as well as predictability for citizens and companies in the supply of energy. We will continue the exchange of opinions in the future, including in order to identify concrete opportunities for cooperation, especially with regard to the energy transition," Iohannis added.    President Klaus Iohannis welcomed President of the Swiss Confederation Ignazio Cassis, at the Cotroceni Palace on Monday.The official was received with military honors on the ceremony stage.The two heads of state are going to address the status and proposals for strengthening the bilateral relationship and economic and sectoral cooperation, with an emphasis on stimulating investments and identifying new areas of collaboration.

Read in full - click here
SIGNAL IDUNA companies recorded an aggregated growth of 16% in 2024 and continue to expand on the Romanian market through strategic development

The SIGNAL IDUNA companies concluded 2024 with a total gross written premium volume of approximately RON 424 million, marking an aggregated growth of 16% compared to the previous year. These financial results reflect the consolidation of a sustainable development strategy, supported by portfolio expansion, digitalization, the launch of new solutions for both individual and corporate […]

Champions of trust in Romania. Results and challenges for brands in the post-truth era

Kantar Romania launched, during an event dedicated to their clients, "The Trust Factor – Building Brands That Endure Uncertainty", the top 20 brands that manage to inspire the greatest confidence among the Romanian consumers, based on the analysis of 162 brands from 12 sectors*. In a period marked by uncertainty and skepticism, trust becomes the […]

“They will notice when you walk in – not because you’re loud, but grounded” – Lin Holmquist, bringing ancient wisdom and modern science in Bucharest, at DiFine your Essence

Balancing career success with personal growth is a challenge many professionals face today. As the pressure to achieve and perform increases, many begin to crave more than just success: they want clarity, alignment, and a deeper sense of purpose. For Lin Holmquist, business coach and one of Europe’s most acclaimed experts in Tantra, Yoga, and […]

Romanian railway company CFR announces new PNRR-modernized train on Bucharest-Constanța route

CFR Călători, the state-owned railway company for passengers, announced that the first train entirely made up of rolling stock modernized with funds from the EU-backed Recovery and Resilience Fund (PNRR) was introduced on the Bucharest North – Constanța route. The train, which is already running, consists of a locomotive delivered by the Softronic factory in […]

Bucharest festival explores sustainable habits, urban future

The first edition of Urban Habits (nUH), a festival aiming to be “a space for ideas, debates, co-creation, and experimentation,” takes place between April 26 and April 27 at Lokal and on Erou Ion Călin Street, which will be temporarily transformed into a pedestrian space. The program will address themes ranging from innovation, design, and […]

Eastern Romania: Largest shopping center in Moldova region opens its doors

Mall Moldova, the largest shopping center in the Moldova region, officially opened on April 17 in Iași, covering 110,000 sqm. Developed by Prime Kapital, in partnership with MAS P.L.C., Mall Moldova is part of a large-scale investment plan carried out by the two investors in Iași, worth approximately half a billion euros, which also includes […]