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.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
