Romania and Portugal will cooperate within a Work Group in the field of energy, after a Memorandum of Understanding was signed in Lisbon on Monday between the Ministry of the Environment and Climate Action from the Portuguese Republic and the Ministry of Energy from Romania, informs the Ministry of Energy, in a press release quoted by Agerpres. According to the cited source, the Memorandum was signed in the presence of President Klaus Iohannis and Portuguese Prime Minister Antonio Costa. The Minister of Energy, Sebastian Burduja, mentioned that the establishment of this Working Group “represents an excellent opportunity to exchange expertise and experiences between the two states”. “Our goals are similar in terms of the energy transition and we addressed several topics of common interest: pumped storage hydropower projects, including Tarni?a-L?pu?te?ti; offshore wind energy in the Black Sea and the Atlantic Ocean; contracts for difference to stimulate investments in green energy and the predictability of the long-term market. There are just as many concrete opportunities for collaboration, starting from the same understanding of the moment we are going through and for which we need safe, affordable and green energy – in that order,” emphasized Klaus Iohannis. The Minister of Energy participated, between October 8 and 9, 2023, in an official visit to the Portuguese Republic, together with the delegation of the President of Romania, Klaus Iohannis. “The memorandum provides for the establishment of a Working Group, with the role of monitoring and implementing the activities agreed by the signatories. Also, being constituted at a technical level, the Working Group will identify other topics of mutual interest and cooperation. Both Romania and Portugal are at the forefront of the current energy policy, in addition to ensuring security and capitalizing on the potential for solar, wind and other renewable energy, leading to a high potential for bilateral cooperation,” the press release states.
Wizz Air will add a route connecting Brașov, in central Romania, to Katowice, in Poland, beginning next year, the Brașov International Airport announced. The route will become operational on March 31, 2026, with flights operating every Tuesday, Thursday, and Saturday. In the upcoming winter season, the airline will operate seven routes to five countries from […]
IT Genetics, a company specializing in digitalizing services, aims to have its shares tradable at the Bucharest Stock Exchange by the end of this year, with the amount to be raised estimated at approximately EUR 2 million. The ITG group will be listed, not just IT Genetics, which is nevertheless the main pillar of the […]
Romania’s current transport minister, the Social Democrat Ciprian Șerban, offered bribes to representatives of a forest district in Iași County as a young businessman in 2012, according to recently surfaced documents and recordings. Șerban gave bribes at least six times before reporting the offense to the National Anticorruption Directorate. He did so only after being […]
David Popovici has won the gold medal in the 100-meter freestyle final at the World Championships in Singapore. It is his second win at the event, after the gold medal in the 200-meter freestyle race two days ago. The Romanian swimmer finished the race with a time of 46.51 seconds, ahead of Jack Alexy, who […]
PPF Real Estate, a global developer and investor with a real estate portfolio exceeding EUR 2 billion, announces the completion of infrastructure works for ARC, its new state-of-the-art office project in the Basarab area. The construction progresses on schedule. Reaching ground level marks, a key milestone in the development timeline. The project is moving forward […]
BRD Groupe Societe Generale, the fifth largest bank in Romania by assets, registered a net profit of RON 764 million (EUR 150 million), up 10% compared to the same period in 2024. The net loan portfolio, including leasing financing, increased by 17.4% during the mentioned period, marking a significant growth in corporate lending by 23.8% […]
