Senior representatives from the public and private energy sector are meeting on Tuesday at the Palace of Parliament in Bucharest at the Partnership for Transatlantic Energy and Climate Cooperation (P-TECC) Business Forum and the Green Cities Alliance event to discuss energy security, energy transition, infrastructure projects and how cities are implementing strategies to accelerate clean paths.The events take place during the fifth meeting of the P-TECC, organized by the U.S. Department of Energy, the Romanian Ministry of Energy and the Atlantic Council, and will continue on Wednesday with a ministerial meeting, which will focus on the role of industrial policy in achieving our transatlantic energy security and climate goals.Among the speakers who confirmed their presence, there are prime minister Marcel Ciolacu, the secretary of Energy at the U.S. Department of Energy, Jennifer Granholm, Romanian minister of Energy, Sebastian Burduja, the undersecretary of state for Arms Control and International Security, U.S. Department of State, Bonnie Jenkins, the undersecretary for International Trade, U.S. Department of Commerce, Marisa Lago, the Polish minister of Industry, Marzena Czarnecka, the Ukrainian minister of Energy, German Galushchenko, the Moldovan minister of Energy, Victor Parlicov, Kamil Sasko, the Slovakian first secretary of state at the Ministry of Economy, Kamil Sasko, the Greek minister of Environment and Energy, Theodoros Skylakakis, etc.
Romania has become the EU country with the highest unemployment rate among young people under 25 (26.3%), according to official Eurostat data published in December 2024 and analyzed by the Social Monitor, a project of the Friedrich Ebert Foundation Romania. Thus, Romania surpassed states such as Spain and Greece, where youth unemployment has always been […]
In its half-year report for the second half of 2024, TikTok said it blocked 33,000 spam accounts in Romania and nearly 100,000 fake accounts. It highlighted its intense activity in blocking fraudulent activity related to Romania, particularly during the electoral campaign, indirectly admitting the...
Moldovan president Maia Sandu has acknowledged that some local entrepreneurs are transferring capital to Romania due to its stability as a European Union and NATO member state. Speaking about the country's economic stagnation in 2024, when GDP grew by only 0.1%, and the technical recession in the second half of the year, Sandu highlighted concerns […]
Battery Energy Storage Systems (BESS) are set to become a central component of Romania's power system, according to Oxford-based Aurora Energy Research, whose analysts see investments in Romania's BESS totaling several gigawatts of capacity and several billion euros over the next decade. Aurora pointed to both the opportunities and the risks and uncertainties associated with […]
Romania’s insurance market grew by 11% year-on-year in 2024, reaching a total gross written premium volume of RON 23.4bn (EUR 4.7bn), according to a report published on 1 April by the Financial Supervisory Authority (ASF). General insurance accounted for 81% of total underwritings, while life insurance represented 19%. The total value of insurance premiums for […]
Romania’s authorities are reportedly negotiating with Turkish company Desan Shipyard, which is pondering the option of taking over the activity of Damen Shipyards Mangalia, abandoned last year by its 49% strategic shareholder Damen and currently under insolvency, according to
