The Ministry of Foreign Affairs (MAE) welcomes the signing, on Tuesday, of an agreement between Transgaz SA and the Three Seas Initiative Investment Fund (3SIIF), on the sidelines of the World Economic Forum in Davos.The agreement lays the foundations for the collaboration between the two parties for the development of natural gas infrastructure and connectivity in Romania, the Ministry of Foreign Affairs said in a press release sent on Tuesday."The Ministry of Foreign Affairs pays special attention to the financing of projects under the Three Seas Initiative (3SI), which contribute to increasing economic convergence and cohesion between EU states in the Baltic Sea, Black Sea and Adriatic regions.The 3SI projects proposed for funding and development are in the transport, energy and digital fields, with a focus on increasing interconnectivity in the region. Among the priority 3SI projects for Romania are Rail2Sea and Via Carpathia, which aim to modernize and develop the railway and road corridors form the north of Europe to the south, as well as between the Port of Gdansk and the Port of Constanta. The agreement, signed on Tuesday, aims to jointly develop natural gas projects for hydrogen, through joint venture companies owned by Transgaz and the Three Seas Initiative Investment Fund. The total value of the projects is estimated at 626 million euros," the cited source states.
Low-cost carrier Wizz Air has added a second aircraft to its base at Sibiu International Airport and announced a significant expansion of its operations in the Romanian city. The airline, which has been present in Sibiu for more than a decade, is now offering over one million seats to and from Sibiu, representing a 48% […]
Romania’s main trade union confederations are preparing coordinated protest actions and considering a general strike in response to the government’s new fiscal and austerity measures, Economica.net reported. The decision was made during a meeting of union leaders evaluating the impact...
The Coalition for the Digital Economy, which brings together companies such as Uber, Glovo, Wolt, Bolt, Bringo, and Lime, in response to Ziarul Financiar's claims that the drivers of the ride-hailing operators are avoiding taxes and social security contributions, assured that this is not the case. ...
Romanian energy group OMV Petrom (BVB: SNP) will decide by the end of September on the special dividend, based on the progress of the investment projects, the impact of the present and future fiscal reforms implemented by the government, and the market conditions, the company's CFO Alina Popa explained, quoted by Cursdeguvernare.ro. ...
Romania’s teachers’ unions announced on August 5 that education minister Daniel David has pledged to ask prime minister Ilie Bolojan to drop some of the most contested measures from the government’s first package of reforms, Hotnews.ro reported. The...
Although the Romanian government is preparing two additional extensive reform packages, targeting mainly the spending cuts and a higher efficiency in the public administration, the 7% of GDP target for this year will not be met, with a level above 8% of GDP more likely, according to a research report by UniCredit Romania. "Yet, we […]
