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.
Romania’s National Company for Road Infrastructure Administration (CNAIR) has announced plans to equip highways A1, A2, and A3, as well as national road DN1 with surveillance cameras, with the investment valued at RON 220 million (EUR 44.2 million) excluding VAT. The cameras will allow authorities to penalize drivers who exceed speed limits and detect other […]
Accor, a global leader in hospitality, proudly announces the opening of Swissôtel Poiana Brașov, introducing the Swissôtel brand to Romania for the first time. Located in the heart of Poiana Brașov, Romania’s most popular ski resort, the hotel is surrounded by the lush landscapes of the Postăvarul Massif, making it an ideal escape for skiers, […]
Romanian MEP Siegfried Mureșan (EPP/PNL) has been appointed by the political groups of the European Parliament as the chief negotiator for the future Multiannual Financial Framework (MFF) of the European Union post-2027. Mureșan, who was chief negotiator for the EUR 800 billion European Recovery and Resilience Mechanism and the 2018 and 2024 EU annual budgets, […]
Romania is failing to capitalize on strong positive private consumption and investments because of rising imports, which weigh visibly on economic growth, ING Bank analysts wrote in a note as they lowered their 2024 growth forecast from 2.0% to 1.3% on Friday, September 6. The detailed economic...
Romanian prime minister Marcel Ciolacu had a meeting with Israeli counterpart Benjamin Netanyahu in Jerusalem on Thursday, September 5. During the meeting, Ciolacu highlighted the importance of peace in the Middle East. The Romanian and Israeli prime ministers discussed economic cooperation projects, focusing on the defense industry, tourism, and Romania's agri-food exports. "We have dynamic […]
Romania’s gross domestic product (GDP) increased by 0.8% in the second quarter of 2024 compared with the same quarter of last year, based on both unadjusted data series and seasonally adjusted data series, the National Statistics Office (INS) announced on Friday, September 6. For the first half of 2024, Romania’s GDP recorded an annual growth […]
