Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5.   "Climate Change and Development: perspectives for Romania" at...

  "Climate Change and Development: perspectives for Romania" at Cotroceni Palace

November 23, 2023

The effects of climate change are becoming increasingly acute for Romania's citizens, President Klaus Iohannis said on Tuesday at the Cotroceni Presidential Palace, at the event "Climate Change and Development: perspectives for Romania"."The effects of climate change are becoming more and more evident and acute for the citizens of Romania, whether it is heat waves that have an impact on health, droughts with a negative impact on the economy or violent storms that destroy goods and endanger people's lives," the president said.Klaus Iohannis stressed that "it is essential to ensure that the climate transition will be fair, inclusive and compatible with economic growth".He recalled that the World Bank's Country Climate and Development Report, prepared in collaboration with the Romanian Government and the Presidential Administration is being presented at the event."One of the key conclusions of the report shows that Romania has the potential to significantly improve the quality of life of our citizens and, at the same time, to go through the process of decarbonisation, which is necessary to achieve climate neutrality," said the head of state.Iohannis added that the report puts forward a series of recommendations that are in line with the directions he has also supported and promoted at national and international level in terms of addressing climate change."For example, the report highlights that people who are already socio-economically disadvantaged are more exposed to climate risks and less resilient to them, both in Romania and internationally. Measures targeting climate change are in everyone's interest and the costs of inaction or delayed action are enormous. Therefore, we need to create new financial and social instruments that focus more effectively on citizens with a high degree of vulnerability in the context of climate change," said Klaus Iohannis.According to him, strengthening human resources through education and skills development becomes essential for a successful green transition that will benefit the whole society."The report shows the ways in which we can reconcile climate action with the social and economic development of our country through investment, the development of green industries and integration into global green value chains. Areas in which Romania has a competitive advantage are also highlighted, thus expanding national expertise and knowledge in these areas," said the head of state.Klaus Iohannis said that in order to effectively manage climate change, "a cross-party pact is needed to ensure commitment and continuity in achieving medium and long-term climate objectives".A partnership for climate transition between state institutions, civil society, the private sector and academia, research and innovation is also needed, the president went on to say.  (Photo:https://www.presidency.ro/)

Read in full - click here
Romanians to also face economic difficulties next year but 2027 more hopeful, president says

Romanians are worse off now compared to 6 months ago, and 2026 will also be difficult, but from 2027 and then on, there is hope, said president Nicusor Dan during an interview with Romania TV. The government targets a deficit of 8.4% of GDP this year, marginally below 8.65% of GDP in 2024. To tackle […]

Romania’s Digital Payments Growth is Outpacing Merchant Infrastructure

Imran Vilcassim, Chief Commercial Officer, Digital Platforms at BPC, explores how Romania’s booming digital payments outpace merchant readiness and why mobile POS is emerging as the practical solution. Romania’s digital payments volumes are rising fast, but merchant infrastructure isn’t keeping up. Independent market models estimate total digital payments will reach nearly

Being daring, learning, and supporting others: Women executives share leadership perspectives at Bucharest event

The attributes needed to reach the top of the business hierarchy, how to motivate and support the teams one works with, and how to tackle the unavoidable challenges that arise along the way were among the topics discussed at the event Inspiring Women in Business, organized by La French Tech Bucharest. Making it to a […]

Three-fifths of the Romanian elderly face loneliness, study shows

More than half of the elderly people in urban areas in Romania face loneliness, and almost 310,000 of them experience it at a high level, according to a study conducted by the Association Never Alone, Friends of the Elderly, in partnership with Kantar Romania.  The study, carried out in August 2025 on a representative sample […]

Property investor M Core inaugurates new office in Bucharest through Square 7

Square 7, part of retail park investor M Core, officially inaugurated its new Bucharest office last week, marking an important milestone for the company. More than 150 guests joined the event, including partners, collaborators, and team members. M Core is a family of property investment and management companies comprising LCP, Sheet Anchor, Proudreed, and Sheet […]

Hagag Europe Development enters Romanian energy sector via acquisition, plans major investment

Real estate developer Hagag Europe Development has expanded its Romanian operations into the energy sector with the acquisition of BTD Distribuție și Furnizare, a local company specializing in natural gas infrastructure, distribution, and supply. The company has opened a new local division - Hagag Energy - and announced plans to invest more than EUR 400 […]