The success of Romania’s presidency of the European Union’s Council will be the success of the 27 Member States, and our country will act as an impartial mediator, on Thursday said Prime Minister Viorica Dancila at a meeting with a delegations of German MPs and MEPs, the Gov’t informs in a press release. “The success of Romania’s presidency of the Council of the European Union will be the success of the 27 Member States, that has to give a good sign for the EU’s future. In our mandate, we will act as an impartial mediator, because it is essential to enhance consensus at European level,” the Bucharest Gov’t’s head asserted. During the meeting at the Victoria Palace, talks addressed the bilateral cooperation and its strengthening, in the context of Romania’s taking over the presidency of the EU Council as of 1 January 2019. Prime minister stressed that Romania is ready to take over and exercise this mandate, wherein challenges such as the Brexit, the future of Europe, the finalisation of a consensus on the future multiannual framework, will be approached and traditional European policies’ files such as the Cohesion Policy and the Common Agricultural Policy, alongside those regarding the migration, the defence and terrorism policy, will be taken care of. The head of the Executive also said that the strengthening of the bilateral cooperation between Romania and Germany is important, at the political and governmental level, by establishing faster dialogue mechanisms and jointly sustaining certain initiatives, the release adds. “The German delegation’s officials appreciated the preparations’ stage of Romania to taking over and exercising the EU Council’s rotating presidency, stressing that they have all openness to granting support to our country,” the source mentions. Minister Delegate for European Affairs Victor Negrescu, the MEPs Dan Nica and Victor Bostinaru and MP Florin Manole were attending the meeting on behalf of Romania, alongside Axel Schafer, Jens Geier, Matthias Keil and Stephan Meuser, on Germany’s behalf.
BCR achieved a net profit of RON 1,473 million (EUR 294 million) in H1 2025, up by 12.0% against RON 1,314 million (EUR 264 million) in H1 2024, driven by improved operating result underpinned by advance in customer business. The operating result improved by 11.9% to RON 2,084 million (EUR 417 million) in H1 2025, […]
Prices for an array of goods and services will rise in August after the Romanian government increased VAT and excise duties. Train tickets, communications, retail goods, and health contributions for previously exempted categories are set to take effect. To tackle an out-of-control deficit, the government decided to increase the standard VAT rate from 19% to […]
US Secretary of State Marco Rubio, on July 31, had a conversation with Romanian Foreign Minister Oana Țoiu about the most important aspects of bilateral relations. In a post on X, Țoiu said her visit to the US, planned for September, would prepare President Nicușor Dan's official visit to Washington early next year. I had […]
Romanian technology group Visual Fan, best known for its consumer electronics brand Allview, announced that it has signed a partnership with Trina Storage, the energy storage division of the Chinese company Trina Solar, for the development of a battery energy storage system in Topliţa, with a capacity of 65 MWh. This is the first project […]
Romanian energy group OMV Petrom (BVB: SNP) announced its sales revenues dropped by 7% y/y in Q2, resulting in a 1% y/y contraction to RON 17.0 billion (EUR 3.4 billion) in the whole H1, while its net profit plunged by 17% y/y in Q2 and 21% y/y to RON 2.1 billion in H1, according to […]
The volume of building permits for retail spaces in Romania, measured in square meters, surged by 53% y/y to 303 thousand square meters in H1, according to data published by the statistics office INS. The number of projects rose by 42% y/y to 261. The residential construction segment, driven by the individual (as opposed to collective) […]
