On Wednesday, Romanian Prime Minister Nicolae Ciuca welcomed visiting President of the Federal Republic of Germany Frank-Walter Steinmeier at the Government House to discuss Ukraine war and its regional impact.According to a government press statement, the two dignitaries underscored the importance of European and Euro-Atlantic unity in providing support to Ukraine and its citizens, as well as in managing the impact of the situation on Eastern Europe and the implementation of sanctions against Russia.Ciuca and Steinmeier agreed on the need to support Ukraine refugees, being acknowledged Romania's effort in that regard. Ciuca also underlined the importance of bilateral and Europewide co-operation in ensuring energy security and managing the problems posed by the blockage of supply chains.He added that Romania's support to Ukraine also includes facilitating exports of Ukrainian agricultural produce, currently affected by the blockade on Ukrainian Black Sea ports, to third markets. He also pointed out that Romania is making efforts to diversify its energy sources, emphasising the national steps to increase exploitation of natural gas resources.Ciuca pleaded for Germany's support in strengthening Black Sea security, thanking Germany for its participation in enhanced air policing in Romania.Ciuca and Steinmeier underscored the quality of bilateral relations, highlighting the ample potential for expanding Romanian-German economic co-operation.The Romanian official voiced interest in diversifying investment and co-operation between the two countries in strategic areas, such as energy, technology, and infrastructure.On the other hand, he added that Romania is meeting all the standards for full accession to the Schengen area, ensuring de facto and effective protection of the EU external borders amid the ongoing crisis in Ukraine.
Romanian prime minister Marcel Ciolacu recently stated during an interview that foreign minister Emil Hureaznu will be replaced if he continues to send messages to private individuals, such as those addressed to Elon Musk, without consulting him. The warning comes after Emil Hurezeanu stated on Saturday, February 22, that Elon Musk’s support for Călin Georgescu […]
Romanian state-controlled gas producer Romgaz (BVB: SNG) reported a net profit of RON 3.22 bln (EUR 647 mln) in 2024, up 14.5% compared with the previous year. The company’s revenues went down by 11.9% to RON 7.93 bln (EUR 1.6 bln) because of lower...
The Romanian Parliament rejected the no-confidence motion initiated by far-right parties AUR, SOS Romania, and POT against the government led by Social Democrat prime minister Marcel Ciolacu. The motion received 147 votes in favor and one against during the lawmakers' meeting on Friday, February 28 - a figure lower than the 155 signatures with which […]
Nuclearelectrica (BVB: SNN), the company that operates Romania’s only nuclear power plant – Cernavoda, reported a net profit of RON 1.7 bln (EUR 343 mln) in 2024, down 31% compared with the previous year. The company recorded 37.6% lower revenues from electricity sales due to lower average...
In his first press conference since becoming interim president, held on Friday, February 28, Ilie Bolojan said that discussing peacekeeping troops in Ukraine is premature, since no peace agreement was reached. He also discussed increasing Romania’s defense spending, the relationship with the United States, and the reconstruction of Ukraine. The press conference was organised after Ilie […]
Investment company Solida Capital Europe entered the Romanian real estate market with the acquisition of the Victoria Center office building from Manova Partners, formerly Macquarie Group. The purchase price has not been disclosed. Victoria Center has a landmark position on Calea Victoriei, in the heart of Bucharest’s CBD. It offers roughly 8,600 square meters of […]
