President Klaus Iohannis will pay an official visit to the Swiss Confederation on Thursday, at the invitation of his counterpart, Guy Parmelin, the Presidential Administration informed.According to the quoted source, the visit takes place within the constant bilateral dialogue at a high level in recent years, as well as in the context of this year's 110th anniversary of the establishment of diplomatic relations between Romania and the Swiss Confederation.During the visit, the two heads of state will have political consultations. Among the topics on the agenda of the two presidents' talks are the consolidation of the bilateral relationship, including economic cooperation, with an emphasis on investment, with Switzerland ranking 10th among the investors in Romania, as well as sectoral cooperation."From the perspective of the European agenda, cooperation to combat the effects of the COVID-19 pandemic, the framework of relations between the European Union and the Swiss Confederation, as well as the Swiss contribution to the Union's cohesion fund, respectively making operational the second Swiss financial tranche, aimed at reducing economic and social disparities in the Union, will be tackled," shows the Presidential Administration.The discussions will also include current issues of international policy, with a focus on political and security developments in the Eastern Neighborhood of the European Union, in the Western Balkans region, as well as Romanian-Swiss cooperation within international organizations.
Romanian Social Democrat leader and prime minister, also running for the presidential seat this autumn, Marcel Ciolacu, named Liberal (PNL) regional leader Ilie Bolojan as his preferred would-be prime minister. Notably, Bolojan is also being circulated as a potential prime minister in case the Liberal leader Nicolae Ciuca wins the presidential elections. In fact, the […]
Romania’s agricultural sector faces significant setbacks this year, with the European Commission revising crop yield forecasts further downward due to severe drought and heavy rainfall in key producing regions. Grain corn yields are projected to drop to 3 tonnes per hectare - a 10% reduction from last month’s forecast and a staggering 36% decrease compared […]
Romania's Ministry of Energy extended a EUR 33 million grant under the Resilience Facility to Heliomit, a firm controlled by local entrepreneur Tudor Mihăilă (24), for the development of a PV panel assembly plant with an annual capacity of 1,500MW. The photovoltaic panel factory will be developed in Bârlad, Vaslui county. "The support of almost […]
Romania's Ministry of Energy announced it cleared the disbursement of grants under the Resilience Facility in the total amount of nearly EUR 36 million for five power storage projects with a combined capacity of over 790MWh. Among the recipients, there are investment vehicles of "a Dutch billionaire and an Austrian real estate developer," according to
German insurer Signal Iduna announced the signing of the agreement for the acquisition of a majority stake in the Romanian insurance firm Garanta Asigurări from Greece's market leader – The Ethniki, Hellenic General Insurance Company. Following the success recorded in 2021 through the acquisition and integration of the two Romanian subsidiaries (life and general) of […]
Major Romanian online retailer eMAG announced plans to expand operations in the Republic of Moldova in 2025 or 2026. "We are considering an expansion in the Republic of Moldova, but I don't know if it will be in 2025 or 2026," eMAG's CEO Tudor Manea said at the press conference dedicated to the Black Friday […]
