The Ukrainian prime minister, Denys Shmyhal, appreciated, on Wednesday, the support his country received from Romania, through which 70% of the grain exported by Ukraine currently passes."We appreciate the measures taken by Romania regarding financial aspects, sanctions. Cooperation on the logistics side is particularly important, we provide a transport corridor for the export of Ukraine. Currently, 70% of our grains are exported through Romania. Thus, Ukraine continues to be a guarantor of global food security," said the Ukrainian premier, in a video message sent to the participants of the international conference "Reconstruction of Ukraine and the strategic role of Romania", organized in central Sinaia."We have hopes for Romania's participation in the reconstruction of Ukraine's economy and infrastructure. (...) Since the beginning of Russia's large-scale invasion, Ukraine has suffered unprecedented damage. Millions of people have fled abroad or moved to countryside. The enemy destroyed or damaged more than 257,000 targets (schools, hospitals and residential buildings). Possibly 30% of our territory is mined. The attacks (...) damaged 50% of the electricity network. (...) These shocking numbers could continue indefinitely. What is important is that behind every number there are people's lives, their fate and future. Therefore, everything that was destroyed must be restored. The reconstruction of Ukraine is our main priority," added the Ukrainian prime minister.The official said that there are several sectoral priorities in the reconstruction process, starting with energy, followed by the production of military equipment, agriculture, natural resources, infrastructure and digital technologies."I request the Romanian business community to invest in the economy of Ukraine, because this way capital can be increased and ambitious projects can be implemented," said Denys Shmyhal.
President Nicusor Dan signed on Thursday the decree appointing Prime Minister Ilie Bolojan as interim Vice Prime Minister on the areas coordinated by Dragos Anastasiu, the Presidential Administration informed.On 27 July, Dragos Anastasiu announced he was stepping down from the vice prime minister office, mentioning that he could no longer accept "being denigrated and thus […]
Prime Minister Ilie Bolojan continued consultations on Thursday with representatives of the Association of Communes of Romania, telling them there is a strong chance to overcome the current difficult period if the approach of "responsibility toward public funds" is maintained."The reform of local public administration will be part of the second package of government measures […]
Financing the National Recovery and Resilience Plan (PNRR) projects will continue for those already initiated and will stop only in case investment has not begun, where not a single euro was spent for construction, Development minister Cseke Attila explained on Thursday. “PNRR will not stop, neither will financing investments which have already been initiated, […]
The Justice Ministry announced on Thursday having developed in cooperation with the Finance Ministry and the National Tax Administration Agency a set of proposals to amend the Insolvency Law, which will be included in the second reform package.Some of the amendments provide for a higher recovery rate of the taxes and fees owed by insolvent […]
Romania is in the antechamber of recession, with the risk that its economy will decline in the third or fourth quarter, especially amid an increase in taxes, a significant drop in sales and record inflation at European level, says business consultant Adrian Negrescu."We are currently in the antechamber of recession. It is a moment […]
The Ministry of Culture announced on Thursday that is set to adapt national legislation for enforcing the European Media Freedom Act (EMFA), which supports media pluralism, editorial responsibility, protects journalists from abusive surveillance and intimidation, and provides protection for sources.According to a Culture Ministry release, the implementation in Romania of Regulation (EU) 2024/1083 of the […]
