Most companies in Romania are at risk, because of changes in the green agenda, which generate about 40% of gross VAT in economy and hold about 50% of shares in economy, said Florian Neagu, deputy manager in the Financial Stability Department of the National Bank of Romania (BNR) at a conference on Thursday. “Romanian economy has not adapted and authorities have not had an outlook to enter this new European green agenda. We lack an industrial policy for more than a decade. There is no industrial polocy which should focus the authorities' outlook and boost certain development domains. Finally there is the risk of not benefiting from these new opportunities and paying especially costs that come associated with changes of climate agenda. Another vulnerability is that in Romanian economy most companies are at risk, following changes coming from the green agenda. According to our calculations , those companies generate about 40% of gross VAT in economy and hold about 50% of all shares in economy. So this transition should take place in orderly fashion,” Neagu said. The BNR specialist considers that authorities should be aware of the fact that carrying out the transition process to green economy can bring positive results and development opportunities. “That is why, if we draw a line between opportunities and challenges, this green transition process should normally bring a positive result. In case we are not aware of opportunities, or vulnerabilities, there is the risk of paying the price without significantly benefiting from opportunities,” Neagu pointed out. CFA Association Romania, in partnership with the Association of Financial Banking Analysts in Romania, the Treasurers' Association in Romania and ACI Romania, organized on Thursday the conference “Sustainable Finances: how to finance change”.
The third edition of Taifas Balkan Film and Culture Festival, set to take place in Timișoara between October 13 and October 19, will include a retrospective dedicated to Romanian director Radu Jude. The public will be able to see the director's short films, in addition to a preview of his latest production, Dracula, presented at […]
Sursa International Light Art Festival, an event featuring immersive installations, projections, and light structures, will take place at the National Library of Romania from October 13 to October 19. The event brings together international and Romanian artists “in a visual dialogue about technology, architecture and sensitivity,” the organizers announced. “We wanted to build the opportunity […]
Romania’s Defense Ministry has signed a contract worth RON 50.4 million with Rheinnmetall Automecanica, a subsidiary of the German defense industry giant Rheinmetall, for the delivery of drone detection systems, Economedia.ro reported. The radar system will be delivered within 18 months at most and will reportedly be...
The former Steaua Roșie cinema in Cluj-Napoca will reopen as Edison-House of Music, a cultural hub dedicated to music and community, the organizers of the Jazz in the Park festival announced. Built in the early 1900s, the Edison building became, after World War II, the Steaua Roșie cinema. After 1989, the venue underwent several changes […]
Unprecedented amounts of precipitation have been recorded in Romania as cyclone Barbara hit the country on October 5-8, according to the authorities. At the same time, Bucharest exceeded the absolute maximum levels of rain for October. “Between October 5–8, 2025, Romania was affected by the Mediterranean cyclone Barbara, which formed over the Ionian Sea and […]
Romania is one of six European countries recently selected to develop a new artificial intelligence and supercomputing center under the EuroHPC – AI Factories program. The project, known as the AI Factory, will be Romania’s first national AI infrastructure, marking a major step toward strengthening its digital and research capabilities. The initiative will be led […]
