The government approved, on Thursday, the amendment of the Agreement on the Strategic Partnership between the governments of the Republic of Azerbaijan, Georgia, Romania and Hungary in the field of Green Energy Development and Transport, introducing provisions according to which the law of the European Union and the obligations of Hungary and Romania, resulting from their membership of the EU, have priority over the obligations in the agreement.According to a press release from the government, the memorandum approved in this regard provides for the negotiation and signing of a Protocol for the amendment of Article 6 of the Agreement on the Strategic Partnership between the governments of the Republic of Azerbaijan, Georgia, Romania and Hungary in the Field of Green Energy Development and Transport, being clarified "some aspects regarding to the compatibility with the legislation of the European Union"."Thus, at the request of the European Commission, Article 6 of the agreement is amended, introducing provisions to ensure that EU law and the obligations of Hungary and Romania resulting from their membership of the EU take precedence over the obligations provided for in the agreement," states the quoted source.This Agreement was signed on December 17, 2022 and aims at "long-term cooperation in the field of energy, the expansion of relations in new fields for the common benefit, underlining the growing importance of new energy infrastructure initiatives, which will contribute to the diversification of energy supply and routes of transit in the regions of which they are a part," the press release reads.
Ireland can be seen as one of the most important business hubs in Europe and the European Union, as many international companies have established regional headquarters there. If you are looking for a country to expand your enterprise, you should definitely consider Ireland for several reasons that are presented below. Location and language The first […]
Cyprus is mostly known as a tourist destination. However, there is also a business side to it, as many investors choose it to open companies because of the favorable taxation system. Apart from its low corporate tax rate, there are a few more reasons why you should choose it if you are looking for a […]
The Romanian Commercial Code provides for various types of entities that can be created by natural persons and companies, local or foreign. Each of them has its own particularities, which can give it various advantages. How do you choose among them? We will review the main types of companies and their pros to help you […]
A new alley named after Romanian diplomat Nicolae Titulescu was inaugurated on Tuesday, December 9, in Paris’s Parc Monceau during a ceremony attended by Romania’s president Nicușor Dan and Paris mayor Anne Hidalgo. “I expressed my appreciation for the decision to name an alley in the beautiful Parc Monceau in Paris after the great Romanian […]
Oxygen Resort, a development located in central Romania’s Harghita county, has inaugurated its first bungalows. The first 18 bungalows are already functional, with another 17 units to be completed in the next stage, bringing the total to 35. The inauguration of the bungalows “marks the transition from a center dedicated predominantly to recreational activities to […]
Romania carried out a new medical evacuation mission for civilians from Gaza on Monday, December 8, transporting eight Palestinian patients and 29 accompanying relatives to Bucharest for treatment, according to the Department for Emergency Situations (DSU). The patients were evacuated aboard a Romanian Air Force C-130 Hercules aircraft after lacking access to adequate medical care. […]
