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.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
