President Klaus Iohannis called for talks in the European Council, "as soon as possible", on the rise of energy prices, the Presidential Administration reported on Thursday, after the head of state attended a meeting in video conferencing format with European Council President Charles Michel and other European leaders.The meeting was organized in preparation for the informal meeting of the European Council and the EU-Western Balkans Summit to be held on 5 and 6 October in Brdo, Slovenia.At the meeting, Klaus Iohannis drew attention to the need for a joint effort by all EU Member States to identify measures aimed primarily at protecting the population affected by rising energy prices as well as the economic environment.According to the Presidential Administration, the President stressed "the need to identify common, well-prepared European solutions, based on proposals to be made by the European Commission and the contribution of specialized ministers from the Member States of the European Union, so that the effects of energy price hikes for European citizens can be mitigated".
The state cargo railway company CFR Marfa, which entered insolvency in April after five years of pre-insolvency status, plans to diminish its dues by 32% to RON 3.1 billion (EUR 620 million) during this year by the transfer of RON 1.5 billion (EUR 300 million) of assets to the newly set up company Carpatica Feroviar, […]
Taiwanese group DDK, one of the world's largest manufacturers of bicycle saddles and components, has registered in Romania the company DDK Europe Bicycle Components, based in Timisoara, Romania, marking a new stage in the group's plan to open a production facility in the country, according to
The Romanian state, through the company that manages the Port of Constanta, submitted a non-binding offer to take over the operator of Moldova's sole maritime port Giurgiulesti (PILG), namely the company Danube Logistics (Moldova), from the European Bank for Reconstruction and Development (EBRD), according to
The European Commission reportedly refused Romania's plan to re-allocate Resilience Facility money from infrastructure projects that are delayed and can not be implemented within the deadline to projects that are in a more advanced stage but were developed under national schemes (hence contracted under different, generally less restrictive, procedures). Even if the formation of a […]
In line with broad consensus, Romania's central bank (BNR) decided to keep interest rates unchanged at 6.5% in the May 16 meeting. Amid persistent inflation (5.3% y/y CORE2 inflation in March-April) and fiscal uncertainties, analysts expect the first rate cut no sooner than this autumn. Disappointing growth and monetary policy stance of the ECB and […]
Pro-EU independent candidate Nicușor Dan, the mayor of Bucharest, has won Romania’s presidential election on May 18, drawing congratulations from leaders across Europe. Among them, Moldovan president Maia Sandu, EU leaders Ursula von der Leyen, Antonio Costa and Roberta Metsola, French president Emmanuel...
