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".
Romanian Social Democrat leader and prime minister, also running for the presidential seat this autumn, Marcel Ciolacu, named Liberal (PNL) regional leader Ilie Bolojan as his preferred would-be prime minister. Notably, Bolojan is also being circulated as a potential prime minister in case the Liberal leader Nicolae Ciuca wins the presidential elections. In fact, the […]
Romania’s agricultural sector faces significant setbacks this year, with the European Commission revising crop yield forecasts further downward due to severe drought and heavy rainfall in key producing regions. Grain corn yields are projected to drop to 3 tonnes per hectare - a 10% reduction from last month’s forecast and a staggering 36% decrease compared […]
Romania's Ministry of Energy extended a EUR 33 million grant under the Resilience Facility to Heliomit, a firm controlled by local entrepreneur Tudor Mihăilă (24), for the development of a PV panel assembly plant with an annual capacity of 1,500MW. The photovoltaic panel factory will be developed in Bârlad, Vaslui county. "The support of almost […]
Romania's Ministry of Energy announced it cleared the disbursement of grants under the Resilience Facility in the total amount of nearly EUR 36 million for five power storage projects with a combined capacity of over 790MWh. Among the recipients, there are investment vehicles of "a Dutch billionaire and an Austrian real estate developer," according to
German insurer Signal Iduna announced the signing of the agreement for the acquisition of a majority stake in the Romanian insurance firm Garanta Asigurări from Greece's market leader – The Ethniki, Hellenic General Insurance Company. Following the success recorded in 2021 through the acquisition and integration of the two Romanian subsidiaries (life and general) of […]
Major Romanian online retailer eMAG announced plans to expand operations in the Republic of Moldova in 2025 or 2026. "We are considering an expansion in the Republic of Moldova, but I don't know if it will be in 2025 or 2026," eMAG's CEO Tudor Manea said at the press conference dedicated to the Black Friday […]
