Romania's Prime Minister Nicolae Ciuca said on Thursday that the Greece-Bulgaria natural gas interconnector is extremely important to the transmission network to Europe.He was on a working visit to Greece to attend the commissioning of the Greece-Bulgaria natural gas interconnector."It is a very important interconnector to everything that means natural gas transmission network to Europe. Basically, this interconnector will ensure the connection between the network that passes through Anatolia and the Adriatic and also connects through the BRUA pipeline, thus giving consistency to the vertical corridor and securing the supply of gas to both Bulgaria and Romania. And, of course, we can secure the gas supply to our eastern partners, Ukraine and the Republic of Moldova, and of course of other countries that are on the distribution diagram of this gas network," Ciuca said at a joint news conference with his Greek counterpart Kyriakos Mitsotakis.He added that the energy ministers of Romania and Greece were to sign a memorandum on joint medium and long-term projects."This is the second meeting we have in a short period of time. The day before the invasion of Ukraine began I had an official visit to Bucharest, where together we signed a joint statement to strengthen political, economic and sectoral co-operation. Today, we were able to have a coherent continuation of the decisions we took together in Bucharest. In today's delegation we had representatives from the ministries of energy of Greece and Romania, we had representatives of companies that are the ones who put into practice the political decisions we make and I can say that it was a very dynamic and practical meeting that has short-term objectives and medium- and long-term objectives. The signing of a memorandum at the level of the ministers of energy will follow, to secure our joint projects in the medium and long term," added Ciuca.
Romanian tissue and sanitary paper products producer Elfi announced investments of EUR 10 million in 2025 to expand production capacity. The project involves the construction of a new production hall and the installation of a state-of-the-art production line, which will allow the company to operate three production lines and double its current capacity. In 2024, […]
With the investment fund Accession Capital Partners and the private equity fund Invenio Partners as majority shareholders since the end of 2024, the Romanian coffee chop chain 5 to go targets the Southeastern European market, according to Profit.ro and
Romanian lithium-ion battery manufacturer Prime Batteries Technology, founded and controlled by Romanian entrepreneur Adrian Polec, has entered into a collaboration with Arrow Electronics and NXP Semiconductors to launch a next-generation battery energy storage system - BESS platform, according to
Romania’s headline inflation remained steady at just under 4.9% y/y in April, in line with consensus expectations, as the average prices increased by a mere 0.07% in the month, according to the data published by the statistics office INS on May 13. Core inflation remained at 5.3% y/y as well. The National Bank of Romania […]
Moldovan president Maia Sandu voiced her support on Tuesday evening, May 13, for Nicușor Dan, the independent candidate in Romania’s presidential election, and urged Moldovans with Romanian citizenship to vote on Sunday to protect Romania’s European and democratic progress. In a video shared on social media, Sandu praised Dan’s “decency, resilience, and respect for the […]
Two Romanians were arrested during Sunday night, May 11, after robbing empty houses in the evacuated mountain village of Brienz located in the Swiss canton of Graubünden. The village had been evacuated since November due to rock falls. The locality was, however, monitored by the authorities to prevent break-ins. The would-be thieves apparently tried to […]
