U.S. first lady Jill Biden will visit Romania and Slovakia from May 5 to May 9 to meet U.S. service members and embassy personnel, Ukrainian refugees, humanitarian aid workers, and teachers, her office said on May 2, quoted by https://www.rferl.org/. NATO and EU members Romania and Slovakia have taken in hundreds of thousands of Ukrainian refugees fleeing the Russian invasion. Biden's trip follows U.S. House Speaker Nancy Pelosi's trip to Kyiv at the weekend. Pelosi met with President Volodymyr Zelensky on April 30. During her trip, Biden will visit U.S. service members in Romania on May 6 before heading to Bucharest, where on May 7 she will meet with members of the Romanian government, U.S. Embassy staff, and teachers working with displaced Ukrainian children, the statement from her office said. Her trip also includes a visit to the Slovak capital, Bratislava, to meet with government official and U.S. Embassy staff. Almost 5.5 million people have fled Ukraine since Russia's invasion on February 24, according to the UN refugee agency, the UNHCR.Just over 3 million have fled to Poland, while Romania has taken in 817,000, and Slovakia nearly 372,000, as of April 29. U.S. President Joe Biden has proposed a huge $33 billion package for arming and supporting Ukraine.
T2Y Capital, a financial investor specializing in growth capital with a focus on the energy sector and adjacent industries, announced it was investing in Prime Batteries Energy Holding, thus becoming the second-largest shareholder of the Romanian company with headquarters in Bucharest. T2Y Capital will take a seat on the Board of Directors and support Prime […]
More than half of Romanians (58%) are concerned about the country's economic situation, and inflation remains a central concern for one in five respondents to a survey conducted at the European level by Ipsos for ING Group in May-June 2025. The research analyzed the main concerns of Romanians in the context of the current economic […]
Vlad Micu has been appointed general manager and chairman of the Board of Directors of INNO Investments, a company of the Banca Transilvania Group specializing in the management of alternative investment funds. In his almost 30 years of experience, he has held various management positions in corporate banking, investment banking, trade finance, and business development […]
Measured in local currency, the wealth of citizens in Hungary increased the most in Europe last year, followed by Lithuania and Sweden. In Romania, the median wealth increased by 9.1%, but the long-term average wealth trend decreased, according to a recent report by the multinational investment bank UBS, cited by Euronews. Net wealth per citizen […]
Picture your ideal event - a special gathering that’s personal, elegant, and deeply memorable. Now imagine achieving this effortlessly, in a location meaningful to you, anywhere in Bucharest. JW Marriott Bucharest Grand Hotel brings its celebrated five-star hospitality beyond traditional boundaries, making truly refined occasions possible wherever your imagination takes you. At the heart of […]
The INVL Renewable Energy Fund I, managed by INVL Asset Management, signed a EUR 29.3 million loan agreement with Kommunalkredit Austria AG (Kommunalkredit). The loan will be used to finance the construction of solar power plants with 71 megawatts (MW) of capacity in Romania. This is the second loan by Kommunalkredit to the fund. In […]
