Ambassador of the US to Romania Hans Klemm stated on Thursday at the “Food and Water Resources Security” Forum that Romania has potential as an agricultural power and the possibility to improve its productivity is great, which improvement can be accomplish by introducing technology. The US official stated that during his trips, over the past three years, throughout Romania it has become clear that Romania has potential as an agricultural power. He offered Braila as an example, which, at the middle of the 19th century represented for the international grain trade what Chicago is currently representing, giving at the end of the 19th century the price of wheat was set in Braila, just as now it is being set in Chicago. He went on saying that the Agriculture Minister was the person who knew most about the potential to improve Romania’s agricultural potential, representing a tireless advocate for the Romanian farmer, with the goal of improving productivity. He added that, when looking at the productivity of the Romanian agriculture compared to the agricultural productivity of other EU member countries or worldwide, it’s clear that there is a huge potential in Romania to improve production and productivity. The US official also said that one of the ways through which this improvement can be accomplished is by introducing technology. According to Agerpres, Hans Klemm explained that the US has a big agricultural productivity and this thing is partly due to well-educated farmers, but also to farmers who are able to apply modern technology to agricultural production. He added that one of the main challenges which the Romanian agriculture is confronted with is improving the irrigation system. On the other hand, Hans Klemm stated that, as Ambassador of the US to Romania he has three priorities that include promoting security inside the partnership and as NATO allies, promoting US values and democracy, as well as promoting prosperity. The Chamber of Commerce and Industry of Romania (CCIR), in collaboration with the US Embassy in Bucharest organised on Thursday the Forum for food and water resources security, a special event that was held within INDAGRA 2018.
Bucharest’s District 4 will soon have 50 new high-power charging stations for electric vehicles, mayor Daniel Băluță announced on Wednesday, July 2. Each station will feature two charging points, allowing up to 100 drivers to charge their vehicles simultaneously. The new infrastructure aims to support the growing adoption of electric mobility in the capital while […]
FintechOS, a leader in financial product management, appointed Sorin Mirea as Vice President of Commercial for Central and Eastern Europe (CEE), effective May. With more than 20 years of experience in the banking industry and a solid transition to the technology sector, he will lead the company’s growth strategy in key markets such as Romania, […]
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OMRO, the lending branch of the fintech Filbo, together with Filbo Pay and Easybill, listed RON 12.3 million (EUR 2.4 million) in corporate, unsecured bonds on the Bucharest Stock Exchange on July 1. This is OMRO’s fourth issue of corporate bonds. OMRO32 bonds have a nominal value of RON 100 per bond and a variable […]
The Ploiești Court found on Tuesday, July 1, that former tourism minister and influential politician Elena Udrea can be conditionally released from prison. The decision is not final and has reportedly been contested by the National Anticorruption Directorate, or DNA. Udrea is currently hospitalized at the Ploiești County Emergency Hospital, after undergoing surgery on Sunday, June […]
The foreign exchange reserves of the National Bank of Romania, or BNR, totaled EUR 58.281 billion at the end of June 2025, up by 4.71% compared to May 31, 2025. During the month of June, there were inflows of EUR 6.1 billion, representing changes in foreign currency minimum reserves established by credit institutions at the […]
