The Foreign Ministry (MAE) welcomes the approval by the Senate, as a decision-making chamber, of the draft law for the ratification of the Agreement on the implementation of the technical and financial assistance program based on a non-reimbursable financial aid of 100 million euros granted by Romania to the Republic of Moldova.According to the MAE, the agreement signed by the Romanian Prime Minister Nicolae Ciuca, and the Republic of Moldova's Prime Minister Natalia Gavrilita, on February 11, in Chisinau, during the joint meeting of those two governments, will be a main instrument through which Romania will grant, during the following seven years, support to the Republic of Moldova in its efforts for sustainable development and advancement on the path of reforms and integration into the European Union.Based on the projects financed by the agreement, Romania will participate in strengthening the resilience of the Republic of Moldova in sectors essential to society such as energy, transport and transport infrastructure, environmental protection and combating climate change, public works and infrastructure, small and medium enterprises, independent media, public administration reform, home affairs, health, education, culture and heritage, research, tourism, competitiveness and industry.The MAE states that the agreement signed on February 11 will take over and amplify the functions of the agreement between the two governments on the technical and financial assistance program based on a non-reimbursable financial aid of 100 million euros granted by Romania to the Republic of Moldova, signed on April 27, 2010 and expired on March 28, 2021. The 2010 agreement allowed Romania to finance some emblematic projects, such as the rehabilitation and modernization of over 1,000 kindergartens and schools in the Republic of Moldova or to ensure a contribution to the development of the Iasi-Chisinau gas pipeline, a strategic energy interconnection project between Romania and the Republic of Moldova.
TeraPlast Group recorded a 34% increase in revenue in 2024, reaching RON 897.9 million, compared to RON 672.3 million in 2023. This growth is generated by an increase in sold volumes, the launch of operations at the Opal stretch film factory, and the consolidation of results from companies acquired in 2024. EBITDA remained at a […]
The construction of the Cluj-Napoca subway began on Tuesday, February 25, with the consolidation work on the hill located in the area of station 2 in the Florești suburb. Once completed, the subway in Cluj-Napoca will be Romania's second, after the one in Bucharest. It will be 21 km long and include 19 stations. The current […]
Electric services group Hidroelectrica, the largest company on the Bucharest Stock Exchange (BVB), reported a net profit of RON 4.1 billion in 2024, down 35%, and revenues of RON 9.1 billion, 25% lower than in 2023, according to financial data published on Wednesday, February 26. Hidroelectrica said its results were influenced by the decline in […]
Medisprof Cancer Center has received approval for the Zonal Urban Plan (PUZ) for its new integrated oncology hospital in Cluj-Napoca, marking another step in the project estimated at a total of EUR 22 million. The approval paves the way for the construction phase, which is expected to begin in 2026 and take 24 months to […]
Romania’s High Court of Cassation and Justice has definitively rejected far-right politician Călin Georgescu's appeal, through which he requested the suspension of the declassified documents that served as the basis for the annulment of the presidential elections in December 2024. The lawsuit was filed at the Bucharest Court of Appeal by the Association for the […]
Update: Prime minister Marcel Ciolacu had his first reaction after Călin Georgescu was brought in for questioning at the Prosecutor's Office. He said that, given the tense electoral context, judicial bodies are obligated to present solid and impeccable evidence in the investigation that also involves a potential candidate in the May elections. He also reiterated […]
