The Green Deal is not a poverty agenda, but brings opportunities for modernization, economic growth and innovation for all member states, including Romania, said, on Wednesday, at the Environmental & Sustainability Summit event, Ramona Chiriac, head of the European Commission Representation in Romania."The Green Deal agenda is one of the most complex, if not the most important and complex political priority of the European Commission in terms of funds. Our aim, as you know very well, is to put the EU economy on the right track to achieve a Zero carbon economy by 2050, thus reflecting our common commitment to achieve the objectives of the Paris Agreement by combating climate change and biodiversity loss. The Green Deal is not a poverty agenda, but brings opportunities for modernization, economic growth and innovation, as well as for the development of new skills, which we greatly need for a greener and more sustainable future. Despite the significant challenges we know all too well - the pandemic, Russia's illegal war against Ukraine, the ensuing energy crisis, supply chain issues and the unfair competition we are witnessing globally, Europe has maintained the course and fulfilled its ambition. At the EU level, renewable sources have made a significant leap forward, and Russia is no longer our key-supplier. Gas imports from Russia went from 45pct in 2021 to approximately 15pct until June this year," Chiriac emphasized.In the view of the official representative of the EC in Romania, REPowerEU is the solution for economic development in the energy sector, and the available funds for our country reach 1.4 billion euros."EU funding is available in Romania. We have the EU Recovery and Resilience Mechanism, the National Recovery and Resilience Plan, which is talked about every day. The total allocation for ecological transition projects is 12 billion euros, and 1.4 billions of euros are within REPowerEU, plus other significant funds from the Cohesion Policy, the Just Transition and the Modernization Fund," said Ramona Chiriac.She added that ongoing climate changes are faster than the ability of states to adapt and therefore decisive actions are needed.A new edition of the Environmental & Sustainability Summit event takes place on October 4 and 5 in Bucharest, on which occasion debates centered on climate change and solutions to reduce this phenomenon pop-up.
Gold has been one of the most sought-after assets for centuries, and in the modern era, it has become a highly popular component of investment portfolios. A preferred asset for protection against economic risks, gold has delivered attractive long-term returns, increasing by approximately 8% per year over the past two decades. Since the end of […]
JTI Romania is the Top Employer for the 12th year in a row, being ranked third amongst 44 companies locally awarded, after an assessment conducted by the Top Employers Institute. The company was rated for about 20 criteria such as leadership, talent acquisition, on-boarding, digital HR, work environment, career development, learning, ethics & integrity, diversity, […]
Romanian defense minister Angel Tîlvăr stated that the contract for the Patriot system, which will replace the one ceded by Romania to Ukraine, is expected to be signed in February. The minister commended the decision of the United State government to approve the delivery of three Patriot systems to Romania. Raytheon stated it will collaborate […]
Romanian companies are entering 2025 with cautious optimism, focusing on managing risks and controlling costs, according to the Deloitte 2025 Romania CFO Survey conducted at the end of last year among approximately 130 Chief Financial Officers (CFOs). Most of the Romanian CFOs predict an increase in revenues for this year (58%), but their share has […]
Several employees of the Romanian Senate began protesting and booing while the president of the upper Chamber was announcing that staff restructuring would be implemented to reduce public spending. Ilie Bolojan, president of the National Liberal Party and head of the Senate, announced a reduction in the organizational chart from 796 positions to 618 positions. […]
The members of the Romanian angel investor network TechAngels put EUR 2.757 million in direct investments in tech startups in the second half of 2024, almost triple the amount invested in the year's first half. The investments for the entire 2024 rose to EUR 3.777 million, a 25% year-on-year increase. The rounds backed by TechAngels […]
