President Klaus Iohannis will participate, from Wednesday to Friday, in Brussels, in the European Union - Western Balkans Summit and in the European Council, in which context he will support the taking of decisions regarding the opening of EU accession negotiations with Ukraine and the Republic of Moldova, "the substantial progress made by the two states in terms of reforms should be adequately recognized by the European Union".Also, according to the Presidential Administration, Klaus Iohannis will support the granting of candidate status for Georgia, as well as the opening of accession negotiations with Bosnia and Herzegovina, when the necessary progress is made to meet the accession criteria. He will also insist on accelerating the accession process of the Western Balkan states.Klaus Iohannis will reiterate Romania's firm support for the European perspective of the Western Balkans region, respecting the principles of own merits and meeting the accession criteria.As regards the review of the Multiannual Financial Framework for the period 2021 - 2027, president Iohannis will plead for an approach that promotes the financing balance between the commitments already assumed and the new priorities on the European agenda and that does not involve reductions of funds for the Cohesion Policy and the Common Agricultural Policy, the source reads.As for the discussions regarding support measures for Ukraine, in the context of the war, the president of Romania will speak for the need to adopt a comprehensive package of support.Regarding the situation in the Middle East, Klaus Iohannis will insist on the need for increased involvement of the European Union in the region in order to protect civilians, de-escalate the conflict and resume the two-state peace process solution.Moreover, regarding the future Strategic Agenda, president Iohannis will speak for the continuation of the reflection and debates with a view to the adoption, until the summer of 2024, of the future Strategic Agenda of the Union and will reiterate the need to formulate priorities for the next institutional cycle, which must reflect the strengthening of EU unity and trust between EU member states.
Low-cost carrier Wizz Air announced six new routes from Timișoara and Brașov, two major cities in western and central Romania, respectively, as well as a third aircraft allocated to its Timișoara base. The additional aircraft will support the launch of five new international routes from Timișoara to Larnaca, Nuremberg, Basel, Frankfurt Hahn, and Naples, with […]
The Ploiești Court of Appeal reinstated the status of protected natural reserve for the Crâng Forest, a remnant of the famous Vlăsiei Woods, in a ruling made public on Tuesday, May 13. In 2024, the Buzău County Council approved the revision of a 1995 decision concerning the protection of natural areas and monuments, removing Crâng […]
Cristina Uruc, interim manager of Romania’s Artexim - the organizer of the George Enescu International Festival and Competition, has been unanimously elected president of the European Association of Artist Managers (AEAA). The decision was made during the organization’s General Assembly held recently in Istanbul, hosted in partnership with Borusan Sanat, one of Turkey’s leading cultural […]
Marriott International announced plans to expand its presence in Romania with five new hotels and more than 550 additional rooms expected by the end of 2028. The expansion will also mark the debut of two Marriott brands in the country, Residence Inn by Marriott and Four Points by Sheraton, as the company strengthens its portfolio […]
Bucharest City Hall (PMB) listed a new bond issue (PMB31) on the Bucharest Stock Exchange (BVB) on Wednesday, May 14, with a total value of RON 555 million (EUR 108.7 million). It is the eighth issue of the Municipality of Bucharest listed on the stock exchange in the last 10 years, and was subscribed by 26 […]
Romania's state-controlled hydropower group Hidroelectrica (BVB: H2O), the largest energy producer in the country, registered a net profit decrease of 56% in the first quarter, dropping from RON 1.32 billion (EUR 258.5 million) to RON 589 million (EUR 115.3 million). Net electricity production was 2,654 GWh, down 38% compared to the same period last year, […]
