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.
Estonian cinema will take center stage at the 24th edition of the Transilvania International Film Festival (TIFF) in the Focus Estonia program, presenting a curated selection featuring both recent releases and rediscovered classics, screened in restored versions. Among the films to be screened is Moonika Siimets' The Black Hole (2024), a dark sci-fi comedy inspired […]
The ITH Group, which includes the portals Vola.ro, Fru.pl, and GoVola.com and operates in Romania, Poland, and Bulgaria, announced the direct integration of LOT Polish Airlines flights into its own platforms. The collaboration strengthens the group’s position as a regional leader in flight ticket distribution, according to its press release. This will be achieved through […]
In a ruling handed down on Tuesday, May 13, the Bucharest Court of Appeal rejected a request by US authorities for the extradition of a 17-year-old Romanian student. The youth is accused of sending hundreds of bomb threats and manipulating underage girls into engaging in acts of extreme violence, sexual exploitation, and self-harm. Aside from […]
Accor, a global leader in hospitality, has announced the expansion of its presence in Romania by signing a franchise agreement with Amazonia Aquapark SRL for Novotel Timișoara. The newly built hotel is scheduled to open by the end of 2027, marking the brand's first property outside Bucharest and becoming a flagship for Novotel in Eastern […]
A survey published on Wednesday, May 14, by the Open Minds Association shows that Romanians strongly support respect and mutual support in the workplace, signaling that the business environment can play a critical role in supporting social unity. According to the first data set from the “Diversity and Inclusion Barometer,” May 2025 edition, 81% of […]
Eight of the largest business organizations active in Romania have voiced their concern over the accelerating deterioration of the business climate and the erosion of Romania’s credibility. The call is signed by AmCham Romania – American Chamber of Commerce in Romania, AOAR – Association of Romanian Businessmen, AHK – Romanian-German Chamber of Commerce and Industry, […]
