Prime Minister Nicolae Ciuca and Gallina A. Vincelette, the World Bank's Country Director for the European Union, have agreed to further talks between the government and the World Bank on issues of major interest to our country, such as education and health, energy, measures for the integration of refugees, relocation of companies from the areas affected by the conflict.According to a Government press release, during the meeting with the WB Director for the EU at Victoria Palace of Government, the Prime Minister underlined the need to address in an integrated way the financial instruments available to Romania during this period, as well as the need to coordinate efforts with European and international institutions."We are committed to implementing the necessary reforms for our citizens and our economy, using the available financial resources. Our government program grants special attention to recovering development gaps between regions. In this regard, we use public resources, but we also encourage private investors to invest in areas that have a strong development potential," Ciuca stated.At the same time, the head of the Executive presented the Government's plan for achieving energy independence, through the development of renewable energy production capacities or through nuclear reactors, as well as the diversification of gas exploitation or transportation capacities.With regard to food security, the Prime Minister pointed out that Romania is among the European countries with an agricultural production with the potential to cover other markets as well."In this regard, the Government will launch a program to develop the capacity to process and store agricultural products, in order to generate added value and be able to offer solutions to other countries as well," reads the release.In its turn, the World Bank delegation expressed its readiness to come to the aid of Romania with expertise, specialists and financing programs.
TeraPlast Group recorded a 34% increase in revenue in 2024, reaching RON 897.9 million, compared to RON 672.3 million in 2023. This growth is generated by an increase in sold volumes, the launch of operations at the Opal stretch film factory, and the consolidation of results from companies acquired in 2024. EBITDA remained at a […]
The construction of the Cluj-Napoca subway began on Tuesday, February 25, with the consolidation work on the hill located in the area of station 2 in the Florești suburb. Once completed, the subway in Cluj-Napoca will be Romania's second, after the one in Bucharest. It will be 21 km long and include 19 stations. The current […]
Electric services group Hidroelectrica, the largest company on the Bucharest Stock Exchange (BVB), reported a net profit of RON 4.1 billion in 2024, down 35%, and revenues of RON 9.1 billion, 25% lower than in 2023, according to financial data published on Wednesday, February 26. Hidroelectrica said its results were influenced by the decline in […]
Medisprof Cancer Center has received approval for the Zonal Urban Plan (PUZ) for its new integrated oncology hospital in Cluj-Napoca, marking another step in the project estimated at a total of EUR 22 million. The approval paves the way for the construction phase, which is expected to begin in 2026 and take 24 months to […]
Romania’s High Court of Cassation and Justice has definitively rejected far-right politician Călin Georgescu's appeal, through which he requested the suspension of the declassified documents that served as the basis for the annulment of the presidential elections in December 2024. The lawsuit was filed at the Bucharest Court of Appeal by the Association for the […]
Update: Prime minister Marcel Ciolacu had his first reaction after Călin Georgescu was brought in for questioning at the Prosecutor's Office. He said that, given the tense electoral context, judicial bodies are obligated to present solid and impeccable evidence in the investigation that also involves a potential candidate in the May elections. He also reiterated […]
