The Agreement between the governments of the Republic of Azerbaijan, Georgia, Romania and Hungary on the Strategic Partnership in the field of green energy development and transport was signed, on Saturday, at the Cotroceni Presidential Palace, in the presence of President of the European Commission Ursula von der Leyen. and President Klaus Iohannis.The Agreement was signed by the President of the Republic of Azerbaijan, Ilham Aliyev, Prime Minister of Georgia Irakli Garibashvili, Prime Minister of Romania Nicolae Ciuca, and Prime Minister of Hungary, Viktor Orban.The Agreement will provide the financial and technical framework for the implementation of the project of the submarine cable for the transport of electricity from renewable sources between Romania and Azerbaijan, via Georgia and the Black Sea, and, subsequently, for the transport of this energy to Hungary and the rest of Europe, through the European transport system.The Black Sea Submarine Cable Project is part of the agreements in the energy field between the EU, represented by the EC, and Azerbaijan, also being a flagship project for Georgia, as part of the EU Global Gateway strategy.
The Arts Hour on Tour, the BBC World Service arts and culture program that visits cities all over the world, will be in Bucharest next week to record a show on topics relating to the cultural life in the city and Romania. Television and radio broadcaster Nikki Bedi, who curates, writes, and presents the program, […]
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 […]
