The Minister of Foreign Affairs, Luminita Odobescu, signed the Law of the Sea on the conservation and sustainable use of marine biological diversity of areas beyond national jurisdiction, also known as the Treaty of the High Seas, as part of her participation in the high-level segment of the 78th session of the UN General Assembly.According to a press release from the Ministry of Foreign Affairs (MAE), sent on Thursday, the political significance of the treaty is special, demonstrating the current level of ambition of the international community, the interest in environmental protection and ocean protection."The treaty, adopted on June 19, 2023, by consensus, after approximately 20 years of negotiations, applies the Montego Bay Convention on the Law of the Sea and regulates aspects regarding the conservation and sustainable use of marine biodiversity in areas outside national jurisdiction, such as : the conservation of marine genetic resources and the protection of biodiversity, including through the establishment of marine protected areas, the way of carrying out the assessment of the impact on the environment, the way of sharing the benefits, the transfer of technology and the strengthening of the capacities of developing states," states the Ministry of Foreign Affairs.
T2Y Capital, a financial investor specializing in growth capital with a focus on the energy sector and adjacent industries, announced it was investing in Prime Batteries Energy Holding, thus becoming the second-largest shareholder of the Romanian company with headquarters in Bucharest. T2Y Capital will take a seat on the Board of Directors and support Prime […]
More than half of Romanians (58%) are concerned about the country's economic situation, and inflation remains a central concern for one in five respondents to a survey conducted at the European level by Ipsos for ING Group in May-June 2025. The research analyzed the main concerns of Romanians in the context of the current economic […]
Vlad Micu has been appointed general manager and chairman of the Board of Directors of INNO Investments, a company of the Banca Transilvania Group specializing in the management of alternative investment funds. In his almost 30 years of experience, he has held various management positions in corporate banking, investment banking, trade finance, and business development […]
Measured in local currency, the wealth of citizens in Hungary increased the most in Europe last year, followed by Lithuania and Sweden. In Romania, the median wealth increased by 9.1%, but the long-term average wealth trend decreased, according to a recent report by the multinational investment bank UBS, cited by Euronews. Net wealth per citizen […]
Picture your ideal event - a special gathering that’s personal, elegant, and deeply memorable. Now imagine achieving this effortlessly, in a location meaningful to you, anywhere in Bucharest. JW Marriott Bucharest Grand Hotel brings its celebrated five-star hospitality beyond traditional boundaries, making truly refined occasions possible wherever your imagination takes you. At the heart of […]
The INVL Renewable Energy Fund I, managed by INVL Asset Management, signed a EUR 29.3 million loan agreement with Kommunalkredit Austria AG (Kommunalkredit). The loan will be used to finance the construction of solar power plants with 71 megawatts (MW) of capacity in Romania. This is the second loan by Kommunalkredit to the fund. In […]
