Prime minister Marcel Ciolacu reiterated on Tuesday the fact that he wants the USA to be Romania's main non-EU partner in the economic area as well, stressing that on the territory of our country it is possible to create a hub for companies which will lead to the further development of the country, but also to the reconstruction of Ukraine in the future.He answered this way, in a press conference in Washington, when asked about the discussions with the representatives of the Google company."I'm going to have a meeting with Google representatives. I said yesterday: I want the US to be Romania's main non-EU partner and I want it very clearly. As long as the US has deployed over 2,000 American soldiers and statemilitary logistics last generation on the territory of Romania, I believe that we can also create a hub for American companies in the economic area, which leads, naturally, to the development of Romania, but also, we see in the future, to the reconstruction of Ukraine", declared Marcel Ciolacu.The prime minister added that following the discussions he will have with the Google representatives, he expects the creation of a "Data Center in Romania"."I think we are the most entitled to have this. I think Microsoft has almost 5,000 employees in Romania, Google, about 500. Do we all know what a Data Center means on the territory of Romania? An extraordinary amount," he said.PM Ciolacu is currently on a working visit to the United States of America.The official delegation accompanying him includes the minister of economy, Radu Oprea, minister of defense, Angel Tilvar and minister of foreign affairs, Luminita Odobescu.
Digi Communications (BVB: DIGI) has signed three loans totaling EUR 167.15 million for the development of telecommunications networks in Romania, Spain, and Portugal, according to a note to investors. The company also announced its net profit more than doubled to EUR 33 million in Q1, from EUR 14.3 million in the same period last year. The […]
CEE’s leading wine producer with operations in Moldova and Romania, Purcari Wineries - BVB: WINE, announced the group’s revenue grew by 11% in Q1 this year, reaching RON 81.6 million. EBITDA rose by 9% y/y to RON 23.1 million in Q1, marking a margin of 28%. The company’s net profit contracted by 15% y/y to […]
The current account (CA) of Romania remained roughly unchanged in nominal terms (EUR 3.95 billion) in the first quarter of the year (Q1) compared to the same period in 2023, according to data published by the National Bank of Romania (BNR). The CA deficit in 12 months to March 2024 (EUR 22.6 billion) remained roughly […]
The industrial output index in Romania contracted by 2.7% y/y in Q1 but improved by 1% q/q (seasonally adjusted) compared to the last quarter of 2023, according to data published by the statistics office INS. Based on March's robust industrial figures and possibly based on the positive quarterly dynamics, but also considering the above-neutral 51.2 […]
NASTY, the new documentary that showcases the life and career of Romanian legend Ilie Năstase, the “bad boy” of tennis, will be released on the Max streaming platform in May. Co-produced for Max by HBO Documentaries Europe and Libra Films, the documentary will be released in 23 countries in the week of the launch of the […]
Symphony of Water/Simfonia Apei, the water, music, and light show at the Urban Fountains in Unirii Square, downtown Bucharest, starts a new season this week. The fifth edition is scheduled to kick off Friday, May 17. The roughly 45-minute shows will have different themes, celebrating local stars from sports, science or art,
