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)
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
