On Thursday, President Klaus Iohannis promulgated the law on the ratification of the agreement by which Romania grants 100 million euros, in non-reimbursable funds, to the Republic of Moldova.The agreement between the Government of Romania and the Government of the Republic of Moldova concerns the implementation of the technical and financial assistance programme based on the non-reimbursable financial aid amounting to 100 million euros.Signed in Chisinau on February 11, the agreement is the main instrument by which Romania will provide support to the Moldovan authorities in their efforts for sustainable development, advancement through reforms and rapprochement with the European Union.The document allows the granting by the Romanian Government of a non-reimbursable contribution amounting to 100 million euros to the benefit of the Republic of Moldova, a contribution that will be payable within 7 years from the date when the agreement comes into force. It shall cease at the moment of full absorption by the Republic of Moldova of the funds made available through it. The implementation of the agreement may be extended for a maximum period of 3 years.
Romanian prime minister Marcel Ciolacu recently stated during an interview that foreign minister Emil Hureaznu will be replaced if he continues to send messages to private individuals, such as those addressed to Elon Musk, without consulting him. The warning comes after Emil Hurezeanu stated on Saturday, February 22, that Elon Musk’s support for Călin Georgescu […]
Romanian state-controlled gas producer Romgaz (BVB: SNG) reported a net profit of RON 3.22 bln (EUR 647 mln) in 2024, up 14.5% compared with the previous year. The company’s revenues went down by 11.9% to RON 7.93 bln (EUR 1.6 bln) because of lower...
The Romanian Parliament rejected the no-confidence motion initiated by far-right parties AUR, SOS Romania, and POT against the government led by Social Democrat prime minister Marcel Ciolacu. The motion received 147 votes in favor and one against during the lawmakers' meeting on Friday, February 28 - a figure lower than the 155 signatures with which […]
Nuclearelectrica (BVB: SNN), the company that operates Romania’s only nuclear power plant – Cernavoda, reported a net profit of RON 1.7 bln (EUR 343 mln) in 2024, down 31% compared with the previous year. The company recorded 37.6% lower revenues from electricity sales due to lower average...
In his first press conference since becoming interim president, held on Friday, February 28, Ilie Bolojan said that discussing peacekeeping troops in Ukraine is premature, since no peace agreement was reached. He also discussed increasing Romania’s defense spending, the relationship with the United States, and the reconstruction of Ukraine. The press conference was organised after Ilie […]
Investment company Solida Capital Europe entered the Romanian real estate market with the acquisition of the Victoria Center office building from Manova Partners, formerly Macquarie Group. The purchase price has not been disclosed. Victoria Center has a landmark position on Calea Victoriei, in the heart of Bucharest’s CBD. It offers roughly 8,600 square meters of […]
