The Chamber of Deputies on Wednesday adopted a draft law ratifying the Agreement between the Governments of Romania and the Republic of Moldova regarding the coordinated control on Romanian territory at the Galati (Romania) - Giurgiulesti (Republic of Moldova) road state border crossing point, on the way into our country.There were 293 votes cast in favour of the draft, 2 against and one abstention.The agreement was signed on November 20, 2024, in Bucharest.The normative act aims to facilitate the transit of persons and speed up the movement of goods, as part of the process of integrating the Republic of Moldova into the European Union and also as part of the support provided to the Ukrainian economy, seriously affected by the war, in cooperation with the European Union and the United States of America, the Defence Committee report states.According to the same source, the Agreement provides for the implementation of coordinated control at the Galati - Giurgiulesti crossing point, establishing the bilateral legal framework, the way of organizing the control, the responsibilities of the staff involved, the protection of personal data, the implementation procedures.This agreement applies for a period of 12 months starting from the date on which the coordinated control becomes operational. Any extension of the validity of the Agreement for new periods of 12 months is decided by agreement of the parties, based on the joint evaluation of the results of the control system, the extension being carried out through diplomatic channels.The Chamber of Deputies is the first to be notified, and the Senate is the decision-making body in this case.
Economy minister Radu Miruţă (USR) announced on October 18, after the conclusions of the report of the prime minister's control body regarding the disaster at Praid salt mine, which was flooded earlier this year, that he asked the Salrom management to resign but they refused, he asked for a meeting and they refused again, and […]
The individual investors placed orders for RON 47.4 million (EUR 9.5 million) worth of shares put up for sale by cold cuts producer Cris-Tim (BVB: CHF) under the Bucharest Exchange IPO, according to Ziarul Financiar reporting after the first day of the public offering. Some 67% of the tranche for individual investors...
Electricity supplier and provider Electrica (BVB: EL), with the Romanian state as the largest shareholder, began the procedure for obtaining the necessary permits for the construction of 15 electricity storage battery parks, with a capacity of approximately 1 GWh. The project is scheduled for completion by 2030. Electrica will thus capitalise on land it already […]
GE Vernova announced that it has entered into an agreement with Portugal's Greenvolt International Power to supply, install, and commission 42 onshore wind turbines with a capacity of 6.1 MW each to power a wind farm in southern Romania (Ialomița County), according to Economica.net. ...
The general government budget deficit in Romania increased by 7% y/y and reached RON 103 billion (EUR 20 billion) in January-September, according to data published by
Romanian gas producer Romgaz (BVB: SNG) has filed an action with the European Court of Justice against the European Commission, requesting the annulment of certain regulations that impose CO2 storage quotas on oil and gas companies. The company considers the quotas disproportionate. It is the first time that Romgaz has initiated a direct action against […]
