Prime Minister Nicolae Ciuca reiterated on Monday that in a crisis situation, as the one Romania is going through, the only solution is investment, and the role of the Government is to support them through public policies that have as a purpose ensuring stability and economic development."It must be emphasized that Romanians had to face a health crisis, then the economic crisis and starting with February, we are also facing a security crisis, a war at our border, in the neighboring country, Ukraine, following the invasion of the Russian Armed Forces," said Nicolae Ciuca in an interview at Radio Romania News (RRA)."What I want to emphasize is that at this moment, in order to protect the economy, to protect jobs, to create mor jobs, we need the business environment, Romanian entrepreneurs to be supported and I would like for us to understand this period as being directed to ensure stability and, as much as possible, the development of our country's economy. We have had frequent meetings with Romanian and foreign investors. This relaunch, this stability and, why not, the relaunch of the economy, we can only achieve together. This is the role of the Government, to come with policies to encourage and support investments, and the business environment must continue development plans, and for this it needs predictability, it needs legislative stability and, of course, we need to maintain this permanent dialogue with them to understand the reality, to understand the opportunities and, of course, we must be able to do risk management," said Ciuca."And these publicly-announced appreciations are very good signals for investment needs. We have raised no tax, and this predictability is an important asset. This year we have the greatest investment budget in the last 30 years earmarked in the budget - 88 billion RON. Furthermore, we have taken all measures to be able to absorb, to attract as high as possible a sum from European money - we are talking about 80 billion euro -, that ensure both stability, as I was saying, but also offers the possibility of developing the economy, it offers the possibility of ensuring jobs, it offers the possibility to think that through this economic growth we may ensure for Romania a reduction of the gap between the countries in the east and those in the west," Ciuca also said.
Romania aims to add 2,500 MW of new capacity to its energy system by 2025, through investments in new energy-producing facilities and other projects co-financed with European funds. The government is eyeing facilities at Iernut, Mintia, Răstoliţa, and Năvodari for investment. “Energy is the heart of the economy. Without reliable and cheap energy, there is […]
The European Court of Human Rights ruled on Tuesday, January 7, that the Romanian state must return 17,000 hectares of land to the Borșa Landowners’ Association within 12 months of the decision becoming final. The claimants in the case are 53 Romanian citizens whose land was confiscated by the communist regime. The Court found a […]
Dacia Sandero will most likely be the best-selling car in Europe in 2024, according to preliminary data covering 97% of sales in the EU, European Free Trade Association countries, and United Kingdom. Looking at the provisional rankings, the Sandero leads the Top 10 with 247,210 units sold in the first 11 months of 2024, followed […]
NATO’s Exercise Steadfast Dart 25 is set to bring thousands of soldiers to the alliance’s eastern flank countries like Romania and Bulgaria, with the UK contributing a sizable force to the military show of strength. The exercise, taking place throughout January and February 2025 and reuniting forces from 10 NATO countries, is meant to practice […]
The first fixed speed detection devices have been installed on Romania’s A1 and A2 highways and the national road DN2 in Vrancea County as part of the e-SIGUR system. The offending drivers will have fines sent to their homes. The e-SIGUR system will monitor the main roads in Romania, aiming at higher degrees of safety. […]
A Hilton Garden Inn hotel is scheduled to open in Craiova, in southern Romania, in 2026, after local company Restaurant President signed a franchise agreement with international hotel group Hilton. The hotel will have 179 rooms, a restaurant, a fitness center, and several conference rooms, the local company announced. "Addressing both business tourists and those […]
