Leaders of Hungary, Romania, Georgia and Azerbaijan plan to meet in Romania's capital on Saturday to conclude an agreement on an underwater electric interconnector that could become a new source of energy for the European Union.The agreement calls for laying a cable under the Black Sea that would connect Azerbaijan to Hungary via Georgia and Romania, Hungarian Prime Minister Bertalan Havasi's press attaché said.Havasi confirmed to the Associated Press that Orban intends to travel to Bucharest on Saturday to sign the agreement.Hungary's MTI news agency reported that Orban, Romanian President Klaus Iohannis, Georgian Prime Minister Irakli Garibashvili and Azerbaijani President Ilham Aliyev will attend the signing ceremony along with European Commission President Ursula von der Leyen.Hungarian Foreign Minister Peter Szijjarto said in August that Azerbaijan will soon produce "large amounts of green electricity," and Hungary will sign up for the interconnector project because two EU member states are required to obtain funding from the bloc.Szijjarto said the project could be completed within three to four years and would be an important step toward diversifying energy supplies and achieving carbon neutrality goals.
The ECOTECA Association, in partnership with the Ministry of Environment, Waters and Forests, is organizing the conference “Return & Recycle Insights – 2 Years of DRS in Romania”, which will take place on 26 November 2025, between 09:00 – 13:00, at the Bucharest University of Economic Studies (ASE). The event will bring together representatives […]
Nine years after opening its doors, Veranda Mall enters its most exciting chapter yet. What began as a project to breathe new life into the Obor neighborhood has evolved into one of Bucharest’s most beloved destinations for shopping, leisure, and connection. As it marks this anniversary, Veranda unveils a winter events lineup rich in culture, […]
Purcari Wineries (BVB: WINE), CEE’s leading wine producer, announced its financial results for the first nine months of 2025 on Friday, November 14. The company saw a decline of 1.46% in pretax EBITDA earnings from the similar period last year. Specifically, earnings decreased to RON 84.66 million from RON 85.92 million last year. Meanwhile, group […]
With a solid 35-year uninterrupted presence on the Romanian market, Darian—one of the longest-standing consultancy groups with fully Romanian capital—reaffirms its role as a strategic partner for the business environment. Darian marks this anniversary not through grand promises, but by strengthening its core working philosophy: acting as a “co-pilot” for complex decision-making. The company emphasizes […]
The National Bank of Romania (BNR) revised its inflation forecast upward, from 8.8% to 9.6%, for the end of 2025. The institution anticipates that inflation will reach 3.7% at the end of 2026, compared to 3% in the previous forecast, according to data presented on Friday, November 14, by governor Mugur Isărescu. Compared to the […]
The state-owned company Transelectrica (BVB: TEL), the operator of the Romanian national energy system, recorded a net profit of RON 183 million in the first nine months of the year, down 56% compared to the same period last year. Operating revenues fell by 2%, to RON 1.716 billion, mainly due to the decrease in revenues […]
