Bucharest needs to raise its comfort and prosperity level to match that of other European capitals, and on the transport side, an integrated approach of infrastructure, mobility and logistics needs is absolutely necessary, the European Commissioner for Transport, Adina Valean, declared on last Friday."Infrastructure, not only transport, in general, but looking towards matters tied to transportation, an integrated approach, of both infrastructure needs, as well as for mobility and logistics in the Capital City, is absolutely necessary. That is the trend actually. Things that we should start kick off with a strategy, an integrated vision on mobility and logistics in the city, that then unfolds into projects, which together represent, as a puzzle, piece by piece, what mobility and logistics mean for the city. The needs are huge. Of course that everything that means zero-emission transportation, the metropolitan train and tram, are means that the European Union places at the center of transport policies for urban strategies so that, of course, it encourages many projects," Valean said, after meeting with the mayor of Bucharest, Nicusor Dan.She highlighted that all member states, Romania included, are facing a financing opportunity from several possible sources."We glossed over (with mayor Nicusor Dan, ed. n) a few of the challenges in regards to financing those investments, financing, on one hand, but also the cobwebs of an administrative nature that are tied to various legislative acts or regulations that can delay those investments. It is a first visit, a first discussion. I am prepared, along with my colleagues from the European Commission, the Transport Directorate, to support all European cities in their strategy for sustainable development strategy for mobility and logistics, and of course, even more when discussing about Bucharest," the European commissioner pointed out.Adina Valean mentioned that there is a European platform for big cities, where there are also Romanian cities and where is a constant exchange of ideas and projects that support urban sustainable mobility.
Romanian prime minister Ilie Bolojan met on June 25 with representatives of the international credit rating agency Fitch Ratings ahead of the agency’s upcoming assessment of Romania’s fiscal and economic outlook, the government announced. The meeting in Bucharest was also attended by finance minister Alexandru Nazare, deputy prime minister Tánczos Barna - who previously held […]
Romania's fiscal consolidation efforts cut the growth stimuli exactly at a time when the growth model in Central and Eastern Europe (CEE) turns to one driven by internal factors, which will result in the country displaying one of the lowest growth rates in the region, according to UniCredit Bank economist Anca Negrescu. Romania's economy will increase […]
Former US First Lady Michelle Obama will visit Romania for the first time this September to speak at the second edition of Impact Bucharest, the largest business and tech event in Southeastern Europe. Scheduled for September 17–18, the event will bring together business leaders, government officials, tech innovators, and media representatives from across the region, […]
Romanian president Nicușor Dan emphasized NATO unity, increased defense spending, and the strategic importance of the Black Sea region following his participation in the NATO Summit held in The Hague. In a press statement delivered after the event, he underscored Romania’s full support for the Summit Declaration, while also outlining the country’s specific contributions and […]
Agra Asigurări, the national leader in agricultural insurance, announces record claims in the first 6 months of this year. As of June 20, 2025, more than 3,300 damage notices have been registered due to extreme weather events nationwide, marking an increase of nearly 50% compared to the entire period of 2024. In total, amid the […]
In a significant recognition of Romania's financial market progress, MSCI, one of the major global index providers, has upgraded Romania's capital market classification to an Advanced Frontier Market. The decision follows MSCI's 2025 Global Market Accessibility Review published earlier this month and represents...
