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.
Romanians are worse off now compared to 6 months ago, and 2026 will also be difficult, but from 2027 and then on, there is hope, said president Nicusor Dan during an interview with Romania TV. The government targets a deficit of 8.4% of GDP this year, marginally below 8.65% of GDP in 2024. To tackle […]
Imran Vilcassim, Chief Commercial Officer, Digital Platforms at BPC, explores how Romania’s booming digital payments outpace merchant readiness and why mobile POS is emerging as the practical solution. Romania’s digital payments volumes are rising fast, but merchant infrastructure isn’t keeping up. Independent market models estimate total digital payments will reach nearly
The attributes needed to reach the top of the business hierarchy, how to motivate and support the teams one works with, and how to tackle the unavoidable challenges that arise along the way were among the topics discussed at the event Inspiring Women in Business, organized by La French Tech Bucharest. Making it to a […]
More than half of the elderly people in urban areas in Romania face loneliness, and almost 310,000 of them experience it at a high level, according to a study conducted by the Association Never Alone, Friends of the Elderly, in partnership with Kantar Romania. The study, carried out in August 2025 on a representative sample […]
Square 7, part of retail park investor M Core, officially inaugurated its new Bucharest office last week, marking an important milestone for the company. More than 150 guests joined the event, including partners, collaborators, and team members. M Core is a family of property investment and management companies comprising LCP, Sheet Anchor, Proudreed, and Sheet […]
Real estate developer Hagag Europe Development has expanded its Romanian operations into the energy sector with the acquisition of BTD Distribuție și Furnizare, a local company specializing in natural gas infrastructure, distribution, and supply. The company has opened a new local division - Hagag Energy - and announced plans to invest more than EUR 400 […]
