The auto industry has signalled blockages in importing parts that are essential for the production of vehicles which, up to now, had been acquired from the market of Russia, but also Ukraine, but we will act in an applied manner and come to the support of companies in the sector, said Economy Minister Florin Spataru, after a meeting with representatives of industrial sectors with a significant share of the GDP of Romania."Romania has exited the state of alert, yet it continues to face an economic crisis created by the military conflict between Ukraine and the Russian Federation, which came on top of a pressure already felt by the industry due to price increases in energy. As part of the task force organized at the Economy Ministry which saw the attendance of the main industrial branches directly affected by the start of the military conflict on our border, we have managed to sketch an image based on the real needs in the market, so that we may act in an applied manner and come to their support," said Spataru, according to a release of the Ministry of Economy, sent on Friday ."Furthermore, the representatives of the industry also signalled blockages in freight transport in Constanta Harbor. In this context, we believed it opportune, at one of the future meetings of the task force, to have the Romanian Customs Authority attend for applied discussions on the import conditions from EU and non-EU states," Florin Spataru said.
The first poll after Romania’s ruling coalition changed its strategy and came up with separate candidates shows that Bucharest opposition mayor Nicusor Dan (United Right Alliance - ADU) is expected to get another term. The poll was carried out by Avangarde for the Social Democratic Party (PSD). PSD and PNL on April 22/23 abandoned the […]
The Cyprus-based Starlock Limited plans to invest EUR 1 million in Romania to open a franchise chain of 15 convenience stores by the end of this year under the brand Good2Go. The investor aims to develop a national network of 200 stores in the next 5 years. It targets a turnover of EUR 37 million […]
Both the current situation and the outlook for the 12-month horizon have deteriorated, according to a survey conducted by the German-Romanian Chamber of Commerce and Industry (AHK). However, a high share of the companies surveyed plan to increase employment and investments, while 88% would still choose Romania as a destination for investments. Only 33% of […]
The Cluj Court of Appeal permanently canceled the environmental permit for the Rovina gold project operated by Euro Sun Mining of Canada on the grounds that the license lacks important chapters and experts not certified were found among the signatories. Several NGOs spotted failures in the evaluation of the assessment of the environmental impact and […]
The European Commission (EC) approved on April 29 the restructuring plan for the Romanian flag carrier Tarom, in a total amount of EUR 95 million now, updated by Romania in line with the Commission recommendations. Under the plan, Tarom will be written off the state aid received in 2020 and will get funds to renew its […]
Premier Energy, a supplier and distributor of natural gas in Romania owned by Jiří Šmejc’s Emma Capital, announced it took over from Iberdrola an 80MW wind farm for the price of EUR 88 million. The transaction is expected to be completed in the summer of 2024, subject to standard regulatory approvals, including the approval of […]
