Prime Minister Marcel Ciolacu met on Friday at the Victoria Palace of Government with Italy's ambassador to Romania Alfredo Maria Durante Magnoni, in the run-up to the upcoming joint sitting of the governments of Romania and Italy, scheduled on February 14 and 15 in Rome."The sitting of the two governments is yet another excellent opportunity for us to work together for our citizens and provide new levers of collaboration to Romanian and Italian investors. Deepening economic cooperation and attracting Italian investments to Romania are priorities of our bilateral relationship," Ciolacu said as cited in a release of the Executive.Talks tackled the bilateral agenda, European topics and regional security, with particular focus on economic cooperation between the two states, the cited source said.The Romanian-Italian Economic Forum will take place on the sidelines of the joint government meeting, with the participation of over 100 companies from sectors like energy, large infrastructure and defense."Italy is Romania's second largest trading partner, the second destination market for Romanian exports, and the second most important source country for imports to Romania. In 2023, bilateral trade hit an all-time record high of over 20 billion euros. Also in 2023, Italy ranked 6th of the list of foreign investors to Romania. More than 70 percent of the share capital of Italian companies is invested in Romanian industrial and energy companies," the release shows.
Romania’s green startup ecosystem is gaining more and more momentum, driven by a skilled workforce, reforms aligned with EU policies, and the climate emergency, according to a report prepared by Startarium and Impact Hub Bucharest. In 2024, there were over 2,300 startups in Romania, with a total estimated value of approximately EUR 19 billion. Romania […]
The global IT hub established by JTI in Romania has expanded from 140 employees at the beginning of the year to 170 currently, and is set to exceed 200 by the end of 2025. Located in Bucharest, the hub is one of JTI's six technology centers worldwide. The experts in Bucharest provide Digital and IT […]
French-born virtual reality esports center EVA VR has recently opened its Bucharest location, promising a realistic and immersive combat esports experience suitable for corporate team-building events, birthday parties, and various other events. Inaugurated on June 7, the new location is part of an international network, Esports Virtual Arenas, which was established roughly 5 years ago. […]
Investment group ROCA acquired a 20% minority stake in the Adrem energy group, following approval from the Romanian Competition Council. Announced on Tuesday, August 12, the transaction will support Adrem’s strategic development and scaling plans. The investments will be primarily directed towards the expansion and diversification of EPC (Engineering, Procurement, and Construction) projects, the development […]
Romanian students spend an average of 13 hours a week on homework, almost twice as much as their peers in Nordic countries, according to data from the OECD’s PISA 2022 study, quoted by ParentED. Finland ranks at the bottom in Europe with just six hours per week, while countries such as Switzerland, Denmark, and the […]
Three foreign citizens suspected of stealing jewelry and other goods during the Untold Festival in Cluj-Napoca were caught by Romanian police officers at the airport. The three, two men and one woman, all between the ages of 30 and 46, were detained while attempting to fly to Barcelona. Police from the Cluj-Napoca Criminal Investigations Bureau […]
