On a working visit to the United Arab Emirates (UAE), Romania's Prime Minister Nicolae Ciuca met UAE President Sheikh Mohamed bin Zayed Al Nahyan to discuss diversifying oil and gas supply resources amidst ongoing tensions in the Black Sea region.According to a press statement released by the government on Wednesday, Prime Minister Nicolae Ciuca paid a working visit to the United Arab Emirates on June 20 and 21 to meet in Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan and UAE Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum.Talks focused on the development and consolidation of bilateral dialogue at the political, economic and sectoral levels between the two countries. During the meeting, important and priority issues for the United Arab Emirates and Romania were addressed, as well as regional and international affairs.The main subjects were projects in the field of energy, port infrastructure, agriculture and IT.According to the government, the dialogue set "concrete benchmarks" for solutions to diversify oil and gas supply resources amidst ongoing tensions in the Black Sea region and the European embargo on Russian oil and oil supplies. At the same time, investment opportunities in Romania in the field of renewable energy were addressed, both offshore and on-shore.The visit preceded a second session of the Co-operation Commission between the Government of Romania and the Government of the United Arab Emirates, scheduled for June 21-22.The official retinue that accompanied Prime Minister Nicolae Ciuca to the United Arab Emirates included Minister of Transport and Infrastructure Sorin Grindeanu, Minister of Energy Virgil Popescu, Minister of Agriculture and Rural Development Adrian Chesnoiu, representatives of the Prime Minister's Chancellery Paula Cristea, Iulian Chifu, and Dan Carbunaru.
German company Henkel, with over 500 employees in Romania, has opened a new headquarters in Bucharest, marking a fresh chapter in its three-decade presence in the local market. The space blends Henkel’s “Smart Work” concept with Romanian cultural design elements inspired by Constantin Brâncuși and traditional motifs, while a dedicated quiet zone pays tribute to […]
Ruling on the draft law on the disbursement of privately-managed pensions, namely 2nd and 3rd Pillars, inked by the Financial Supervisory Authority (ASF), promoted by the Romanian government and approved with amendments by the Parliament, the Constitutional Court (CCR) concluded that the capping the single payment granted before the start of the monthly payments to […]
The revised bill that bans the cumulation of the public pension of a special (non-contributive) nature with a wage paid in the budgetary sector, currently available for public debate, will be amended so as to restrict the exceptions provisioned in the original form, labor minister Florin Manole said, according to
The Romanian business community reiterated its firm call to decision-makers to eliminate the minimum turnover tax (IMCA), in view of the discussions on the construction of the state budget for 2026, according to a statement signed by more than 100 employers' federations, business associations, and chambers of commerce in Romania. The Romanian government will address […]
Romanian president Nicusor Dan reiterated in a speech at the 2025 Digital Governance Summit organised by Edge Institute at Cotroceni Palace and published on the Presidency's webpage, thus making it somewhat official, an invitation addressed to the "private community" to draft regulations and sectoral policies that the state is unfortunately unable to design, such as […]
Premier Energy Group (BVB: PE), a leading vertically integrated utility company in Southeastern Europe listed on the Bucharest Stock Exchange, reported its normalized revenue grew 40% y/y to EUR 1.17 billion, while normalized EBITDA rose by 36% y/y to EUR 94 million in the first nine months of 2025. On a reported IFRS basis, revenue […]
