Romania will play a vital role in strengthening energy security and diversifying supply sources in the region by developing offshore gas resources in the Black Sea and participating in regional initiatives in the field, US Ambassador to Romania Kathleen A. Kavalec, told the US - Romania Economic Forum: Innovation for Prosperity, a satellite event of the Three Seas Initiative (3SI) Business Forum in Bucharest, hosted by our country this year.Kavalec welcomed Romania's "recent efforts" to improve transport connections and mobility in the region by upgrading its road and rail networks and modernising its ports.The US diplomat stressed that, similarly, Romania can promote digital transformation and innovation in the region by expanding broadband connectivity, developing e-government services and supporting regional initiatives such as the Three Seas Digital Highway.The US stands ready to support Romania and its partners in pursuing these and other projects that promote common interests and values. That is why we have pledged up to 300 million US dollars in funding for projects under the Three Seas Initiative through the U.S. International Development Finance Corporation, said Kathleen A. Kavalec.Referring to the economic partnership between the US and Romania, Ambassador Kavalec said that an important step is Romania's inclusion in the Visa Waiver program, which will allow Romanian citizens to travel to the US without a visa. One of the criteria for the Visa Waiver program is a low visa refusal rate, so we want as many qualified applicants as possible, and I encourage all Romanians to update their US visa any time after October 1, Kathleen A. Kavalec added.The US - Romania Economic Forum: Innovation for Prosperity brings together high-level government officials from Romania and the US, as well as leaders of major companies in the Three Seas region and was opened by Cristian Sporis, President of AmCham Romania, and Kathleen A. Kavalec, US Ambassador to Romania, Honorary President of AmCham Romania.
Romania’s green startup ecosystem is gaining more and more momentum, driven by a skilled workforce, reforms aligned with EU policies, and the climate emergency, according to a report prepared by Startarium and Impact Hub Bucharest. In 2024, there were over 2,300 startups in Romania, with a total estimated value of approximately EUR 19 billion. Romania […]
The global IT hub established by JTI in Romania has expanded from 140 employees at the beginning of the year to 170 currently, and is set to exceed 200 by the end of 2025. Located in Bucharest, the hub is one of JTI's six technology centers worldwide. The experts in Bucharest provide Digital and IT […]
French-born virtual reality esports center EVA VR has recently opened its Bucharest location, promising a realistic and immersive combat esports experience suitable for corporate team-building events, birthday parties, and various other events. Inaugurated on June 7, the new location is part of an international network, Esports Virtual Arenas, which was established roughly 5 years ago. […]
Investment group ROCA acquired a 20% minority stake in the Adrem energy group, following approval from the Romanian Competition Council. Announced on Tuesday, August 12, the transaction will support Adrem’s strategic development and scaling plans. The investments will be primarily directed towards the expansion and diversification of EPC (Engineering, Procurement, and Construction) projects, the development […]
Romanian students spend an average of 13 hours a week on homework, almost twice as much as their peers in Nordic countries, according to data from the OECD’s PISA 2022 study, quoted by ParentED. Finland ranks at the bottom in Europe with just six hours per week, while countries such as Switzerland, Denmark, and the […]
Three foreign citizens suspected of stealing jewelry and other goods during the Untold Festival in Cluj-Napoca were caught by Romanian police officers at the airport. The three, two men and one woman, all between the ages of 30 and 46, were detained while attempting to fly to Barcelona. Police from the Cluj-Napoca Criminal Investigations Bureau […]
