President Klaus Iohannis is attending a European Council meeting in Brussels on Thursday and Friday.According to the Presidential Administration, the main topics on the agenda of the meeting are European coordination in the context of the COVID-19 pandemic, the EU digital agenda, the recent rise in energy prices, migration, European trade policy and foreign relations, with a focus on the preparation of the EU-Asia Summit (ASEM), the Eastern Partnership Summit, as well as the COP 26 meetings on climate change and the COP 15 on biodiversity.In preparation for the meeting, President Iohannis attended a videoconference meeting on Monday with European Council President Charles Michel, his Lithuanian counterpart and prime ministers in Poland, Slovakia and Slovenia.After this videoconference, the Presidential Administration reported that the head of state highlighted the crisis in Romania regarding the incidence of COVID-19 cases, showing that the low vaccination rate contributed significantly to this situation. He mentioned that Romania had activated the European Civil Protection Mechanism and thanked the member states that have already offered support to Romania.As to the energy situation, the President stressed that the significant increase in energy prices is a major concern for Romania, given the impact it has on citizens, businesses and, in particular, on vulnerable consumers.The head of state stressed the need to quickly identify efficient solutions in the short term, because the current energy crisis will have serious effects in all EU countries, with profound socio-economic impact, both in household consumers, population and economies in general, affecting the competitiveness of industries. The President pointed out that a medium- and long-term approach was also needed to address the structural problems of the energy sector, but also of the common market in the field of energy.In the perspective of the Eastern Partnership Summit in Brussels in December, Iohannis emphasized the need to support, through concrete measures, the three partner countries that want to strengthen relations with the EU. In the context of the current energy crisis, the head of state requested the support for the Republic of Moldova for the supply of natural gas and electricity.
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 […]
Autonom Services, a mobility services company with bonds listed at the Bucharest Exchange, has entered into a credit facility agreement with a total value of EUR 300 million, with an option to subsequently increase the facility by up to EUR 50 million. The financing was attracted from a syndicate of banks that included Banca Transilvania, […]
