The Agreement between the governments of Azerbaijan, Georgia, Romania and Hungary on the Strategic Partnership in the field of energy development and transport will connect the two shores of the Black Sea and could transport electricity to the Republic of Moldova, the Western Balkans and Ukraine, President of the European Commission, Ursula von der Leyen said, on Saturday, in Bucharest." Since the beginning of the Russian war, we have decided to abandon Russian fossil fuel and diversify our options towards reliable partners in the energy field, such as those present at this table. And it is working. The European Union has been able to offset the reductions in Russian gas. But we're not just talking about managing a new geopolitical situation. It's about creating a future for us in terms of clean, accessible and safe energy sources, and these are the forms of renewable energy," said the head of the European Commission.She said that this project will connect the two shores of the Black Sea and further to the Caspian Sea region, both in terms of digital communication as well as energy.The electric cable under the Black Sea presents multiple opportunities. This project could bring considerable benefits to Georgia, a country with a European destiny. It could turn the country into an electricity hub and integrate it into the EU electricity market . The cable under the Black Sea could transport electricity to our neighbors in Moldova and the Western Balkans and of course to Ukraine. It will help to rebuild the Ukrainian energy system and to rebuild the country, stressed Ursula von der Leyen.She concluded that, in this context, we can say that both sides of the Black Sea have never been closer.
Exim Banca Românească continues the savings campaign under which it pays attractive interest rates, above the market average, for new deposits in lei and euro, over 7 months: interest rates of up to 7.20% per year for lei and 2.50% per year for euro. The offer is available both for the PLUS deposit in lei, […]
In a telecom market shaped by economic pressure, fierce competition, and rapidly evolving consumer habits, Orange Romania is betting heavily on network leadership as its defining advantage. With the largest 5G spectrum investment in the country’s history - around EUR 265 million - the company is doubling down on speed, coverage, and long-term infrastructure at […]
The Romanian job market was marked by extremes in 2025, according to an analysis by employment platform BestJobs. In some sectors, job-seekers dictated the rules, while in others they fiercely competed for a limited number of positions, giving employers the upper hand. In the IT sector, the limited number of available positions led to a […]
Poiana Brașov, a popular mountain resort in central Romania, will host a new winter event format starting in 2026, as Untold Universe launches Massif Week, scheduled to take place between February 27 and March 8. The initiative is designed to diversify the resort’s winter offering and extend the tourist season through a series of indoor […]
A memorial march will take place in central Bucharest on December 21 to mark the victims of the 1989 Revolution, which led to the fall of communism in Romania. The march will follow the Victory Square – University Square – Revolution...
Cushman & Wakefield Echinox announced the completion of the sale of the Zenith Conference & Spa hotel in Mamaia, one of the top hospitality units on the Romanian seaside, to the owners of Steaua de Mare Hotels & Resorts, based in Eforie Nord. The property was previously controlled by the RC2 investment fund and Antares […]
