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.
T2Y Capital, a financial investor specializing in growth capital with a focus on the energy sector and adjacent industries, announced it was investing in Prime Batteries Energy Holding, thus becoming the second-largest shareholder of the Romanian company with headquarters in Bucharest. T2Y Capital will take a seat on the Board of Directors and support Prime […]
More than half of Romanians (58%) are concerned about the country's economic situation, and inflation remains a central concern for one in five respondents to a survey conducted at the European level by Ipsos for ING Group in May-June 2025. The research analyzed the main concerns of Romanians in the context of the current economic […]
Vlad Micu has been appointed general manager and chairman of the Board of Directors of INNO Investments, a company of the Banca Transilvania Group specializing in the management of alternative investment funds. In his almost 30 years of experience, he has held various management positions in corporate banking, investment banking, trade finance, and business development […]
Measured in local currency, the wealth of citizens in Hungary increased the most in Europe last year, followed by Lithuania and Sweden. In Romania, the median wealth increased by 9.1%, but the long-term average wealth trend decreased, according to a recent report by the multinational investment bank UBS, cited by Euronews. Net wealth per citizen […]
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The INVL Renewable Energy Fund I, managed by INVL Asset Management, signed a EUR 29.3 million loan agreement with Kommunalkredit Austria AG (Kommunalkredit). The loan will be used to finance the construction of solar power plants with 71 megawatts (MW) of capacity in Romania. This is the second loan by Kommunalkredit to the fund. In […]
