The Government approved, on Thursday, the ratification of the Framework Agreement on the establishment of the International Solar Alliance (ISA), signed by Romania in Dubai, United Arab Emirates, on December 3, 2023.According to a press release from the Executive, the ratification of this Framework Agreement will strengthen Romania's international cooperation with the member states of the International Solar Alliance."By associating with ISA and promoting projects for the use of solar energy, Romania contributes to achieving the objectives established within the European Green Deal (Green Deal), an important initiative to combat the effects of climate change. At the same time, the Framework Agreement provides for the designation of a National Contact Point for ISA with the task of developing programs, promoting financing for innovation, research and development activities, facilitating the exchange of ideas between specialists," the press release states.Currently, 118 states have signed the ISA Accession Agreement."ISA, established in 2015, in Paris, at the initiative of India and with the support of France, is a coalition of countries rich in solar resources, designed to meet the needs of energy consumption. The organization provides a platform for global cooperation, including governments, bilateral and multilateral organizations, corporations and other interested parties, to increase the use of solar energy. In April 2022, the Ministry of Energy of the Romanian Government initiated the steps to join the International Solar Alliance, after participating as an observer in the General Assembly of ISA in October 2021," the press release mentions.The draft law approved by the Government will be sent to Parliament for debate and adoption.
Romanian tissue and sanitary paper products producer Elfi announced investments of EUR 10 million in 2025 to expand production capacity. The project involves the construction of a new production hall and the installation of a state-of-the-art production line, which will allow the company to operate three production lines and double its current capacity. In 2024, […]
With the investment fund Accession Capital Partners and the private equity fund Invenio Partners as majority shareholders since the end of 2024, the Romanian coffee chop chain 5 to go targets the Southeastern European market, according to Profit.ro and
Romanian lithium-ion battery manufacturer Prime Batteries Technology, founded and controlled by Romanian entrepreneur Adrian Polec, has entered into a collaboration with Arrow Electronics and NXP Semiconductors to launch a next-generation battery energy storage system - BESS platform, according to
Romania’s headline inflation remained steady at just under 4.9% y/y in April, in line with consensus expectations, as the average prices increased by a mere 0.07% in the month, according to the data published by the statistics office INS on May 13. Core inflation remained at 5.3% y/y as well. The National Bank of Romania […]
Moldovan president Maia Sandu voiced her support on Tuesday evening, May 13, for Nicușor Dan, the independent candidate in Romania’s presidential election, and urged Moldovans with Romanian citizenship to vote on Sunday to protect Romania’s European and democratic progress. In a video shared on social media, Sandu praised Dan’s “decency, resilience, and respect for the […]
Two Romanians were arrested during Sunday night, May 11, after robbing empty houses in the evacuated mountain village of Brienz located in the Swiss canton of Graubünden. The village had been evacuated since November due to rock falls. The locality was, however, monitored by the authorities to prevent break-ins. The would-be thieves apparently tried to […]
