The Ukrainian prime minister, Denys Shmyhal, appreciated, on Wednesday, the support his country received from Romania, through which 70% of the grain exported by Ukraine currently passes."We appreciate the measures taken by Romania regarding financial aspects, sanctions. Cooperation on the logistics side is particularly important, we provide a transport corridor for the export of Ukraine. Currently, 70% of our grains are exported through Romania. Thus, Ukraine continues to be a guarantor of global food security," said the Ukrainian premier, in a video message sent to the participants of the international conference "Reconstruction of Ukraine and the strategic role of Romania", organized in central Sinaia."We have hopes for Romania's participation in the reconstruction of Ukraine's economy and infrastructure. (...) Since the beginning of Russia's large-scale invasion, Ukraine has suffered unprecedented damage. Millions of people have fled abroad or moved to countryside. The enemy destroyed or damaged more than 257,000 targets (schools, hospitals and residential buildings). Possibly 30% of our territory is mined. The attacks (...) damaged 50% of the electricity network. (...) These shocking numbers could continue indefinitely. What is important is that behind every number there are people's lives, their fate and future. Therefore, everything that was destroyed must be restored. The reconstruction of Ukraine is our main priority," added the Ukrainian prime minister.The official said that there are several sectoral priorities in the reconstruction process, starting with energy, followed by the production of military equipment, agriculture, natural resources, infrastructure and digital technologies."I request the Romanian business community to invest in the economy of Ukraine, because this way capital can be increased and ambitious projects can be implemented," said Denys Shmyhal.
Romania's underground economy reached 13.1% of GDP in 2023, the highest level among European Union member states, Ziarul Financiar reported on June 20, citing data from consultancy firm EY. Despite this leading position within the EU, the figure marks a significant improvement compared to previous decades....
Homedit, a Romanian brand of premium furniture and home décor, announces the official opening of its first showroom, located in an interwar house in central Bucharest ("The Bamboo House”, located at No.3, Dumbrava Roșie St.). With a total investment of approximately EUR 12 million, the business was founded in 2016 as an online store by […]
The 32nd edition of the Sibiu International Theatre Festival (FITS) begins on Friday, June 20, bringing over 5,000 artists from 82 countries to the city. The events will take place over ten days and will transform the city into an "open-air stage, with large-scale productions, impressive installations, parades, fire shows, live music, aerial dances, and […]
The well-known science and nature channel Discovery is currently marking four decades since its global launch in 1985 with a special series titled "Discovery Changed My Life,” bringing testimonies from personalities whose vision was shaped by Discovery. Among those featured is also Romanian mountaineer and conservationist Alex Găvan. The series premieres on Sunday, June 22, […]
Meta Estate Trust (MET), a holding company operating in the real estate sector, has invested approximately EUR 2 million in a new retail park currently under development in Ciolpani, a commune located on the Bucharest–Ploiești corridor (DN1), it said. The project is scheduled to be completed and handed over to tenants this year, with an […]
Romania benefits from a series of favorable factors that facilitate the growth and expansion of data center capacity and could emerge as a developing market, according to an analysis conducted by the real estate consultancy company Cushman & Wakefield Echinox. A diversified energy mix, with over 50% of energy production coming from renewable sources, along […]
