On Tuesday, July 23, 2024, through Wednesday, July 24, 2024, U.S. Secretary of Energy Jennifer M. Granholm will travel to Romania to convene the 5th Ministerial Meeting of the Partnership for Transatlantic Energy and Climate Cooperation (P-TECC) , a platform for energy security and clean energy cooperation, created by the United States and including 24 central and eastern European countries. During the visit, the Secretary will promote U.S. industrial policy, including the Inflation Reduction Act, and highlight how the Biden-Harris Administration is working with global partners in the clean energy transition. On Tuesday, Secretary Granholm will offer keynote remarks at the P-TECC Business Forum. Following her remarks, she and Minister Sebastian Burduja of Romania will witness the signing of a Memorandum of Understanding between Sage, a company specializing in geothermal energy and storage solutions, and Electrocentrale Bucuresti (ELCEN), Romania’s state-owned supplier of heat for Bucharest. On Wednesday, the Secretary will give keynote remarks at the P-TECC Ministerial, highlighting the shared benefits of industrial policy for energy security and the energy transition. Secretary Granholm will also applaud significant milestones on several key U.S.-Romania projects that aim to advance Romania’s strategic efforts to advance the country’s civil nuclear program. These projects include plans to modernize the Cernavoda nuclear power plant with U.S. companies Fluor and Sargent & Lundy, and the signing of engineering contracts to advance a Small Modular Reactor project. Secretary Granholm will conclude her trip with a media availability alongside Minister Burduja. Throughout the visit, Secretary Granholm will hold several bilateral meetings to discuss a variety of clean energy cooperation programs on-going and proposed with her ministerial counterparts from the European Union, Bosnia and Herzegovina, Iceland, Moldova, Poland, Romania, and Ukraine. (Source: U.S. Mission Romania)
Romania’s National Company for Road Infrastructure Administration (CNAIR) has announced plans to equip highways A1, A2, and A3, as well as national road DN1 with surveillance cameras, with the investment valued at RON 220 million (EUR 44.2 million) excluding VAT. The cameras will allow authorities to penalize drivers who exceed speed limits and detect other […]
Accor, a global leader in hospitality, proudly announces the opening of Swissôtel Poiana Brașov, introducing the Swissôtel brand to Romania for the first time. Located in the heart of Poiana Brașov, Romania’s most popular ski resort, the hotel is surrounded by the lush landscapes of the Postăvarul Massif, making it an ideal escape for skiers, […]
Romanian MEP Siegfried Mureșan (EPP/PNL) has been appointed by the political groups of the European Parliament as the chief negotiator for the future Multiannual Financial Framework (MFF) of the European Union post-2027. Mureșan, who was chief negotiator for the EUR 800 billion European Recovery and Resilience Mechanism and the 2018 and 2024 EU annual budgets, […]
Romania is failing to capitalize on strong positive private consumption and investments because of rising imports, which weigh visibly on economic growth, ING Bank analysts wrote in a note as they lowered their 2024 growth forecast from 2.0% to 1.3% on Friday, September 6. The detailed economic...
Romanian prime minister Marcel Ciolacu had a meeting with Israeli counterpart Benjamin Netanyahu in Jerusalem on Thursday, September 5. During the meeting, Ciolacu highlighted the importance of peace in the Middle East. The Romanian and Israeli prime ministers discussed economic cooperation projects, focusing on the defense industry, tourism, and Romania's agri-food exports. "We have dynamic […]
Romania’s gross domestic product (GDP) increased by 0.8% in the second quarter of 2024 compared with the same quarter of last year, based on both unadjusted data series and seasonally adjusted data series, the National Statistics Office (INS) announced on Friday, September 6. For the first half of 2024, Romania’s GDP recorded an annual growth […]
