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The Minister of Energy, Sebastian Burduja, emphasized that this plan reflects Romania's commitment to contribute to a safer and greener future, integrating innovative technologies and massive investments in renewable energy.

Ambitious project, climate neutrality by 2045

Climate change is sending shivers down the spines of governments around the world. Things are no different at the Victoria Palace either. Romania has set ambitious goals in the fight against climate change, aiming to achieve climate neutrality...

AHK Romania: Massive investments are needed in the development of networks and energy storage capacities

The modernization and development of the energy transport and distribution networks for which an estimated financing of between 9.2 and 11.5 billion euros is needed and the achievement of storage capacities of at least 1.2 Gigawatts (GW) by 2030,...

Nicu Ştefănuţă specified: "There were funds, but the results were seen too little or not at all. There have been plans to modernize the railway network for a very long time now, but they remain at the level of plans. Now is the time for the Government to accelerate the rehabilitation and electrification of the railway lines". (Photo source: facebook / Nicu Ştefănuţă)

Nicu Ştefănuţă: "The modernization of the railway, held back by the lack of will and political vision"

The modernization of the railway infrastructure in our country is slow, because the political will and vision are lacking, although we have allocated the necessary European funds, said yesterday, Nicu Ştefănuţă, vice-president of the European...

Istvan Sarkany, candidate for a seat in the FP Representative Committee: "The state seems to want to block the listing of companies from the fund's portfolio"

Fondului Proprietatea must have a clear management strategy that will benefit all shareholders, says Istvan Sarkany, investor and candidate for a seat in the FP Representative Committee in the September 27 elections.

The Energy Minister pointed out that prices in our region are much higher than those in Western Europe due to several factors, including unfavorable weather conditions and interconnection problems. (Photo source: facebook / Sebastian Burduja)

Sebastian Burduja asks the EC for compensation regarding the increase in energy prices

The authorities in Bucharest intend to ask for compensation from the European Commission, due to the significant differences in energy prices between Eastern and Western Europe, the Minister of Energy, Sebastian Burduja, said yesterday, during...

Nicoleta Pauliuc: "We discussed the urgency of adopting some draft laws that would allow those from the Ministry of Defense to fulfill their missions. In this way, we talked about the need for the Ministry of Defense, through the Government, to come to Parliament in a emergency procedure". (Photo source: facebook / Nicoleta Pauliuc)

Nicoleta Pauliuc: "The penetration of a Russian drone into the airspace can be considered a vulnerability"

The penetration of a Russian drone over a certain period of time and over a distance of tens of kilometers represents a vulnerability, said yesterday, Nicoleta Pauliuc, the president of the Defense, Public Order and National Security Committee in...

The minister's hearing in the plenary session of the Chamber of Deputies would take place on October 8, 2024, during the Government Hour program, according to a press release issued by USR. (Photo source: facebook / Angel Tîlvăr. Foto credit: MApN, Laurenţiu Turoi)

The Minister of National Defense, summoned to Parliament in the Russian drone scandal

Angel Tîlvăr, the Minister of National Defense, was summoned to the Parliament by USR deputies to provide explanations regarding the fact that the Russian drones that illegally entered Romania's airspace were not shot down by the Romanian Air...

Marcel Ciolacu specified: "We picked up the planes, we monitored and if they had a target on Romanian territory we acted. (...) I spoke with the Minister of Defense. There were no particular problems on the ground, the attacks will continue, because grain exports are coming again. That's it, we have a war near the border with Romania".

Marcel Ciolacu: "If the Russian drones had a target on Romanian territory, we would act"

If the Russian drones that flew over Romania's airspace on the night of Saturday to Sunday had targets on the territory of our country, they would have been shot down by F-16 planes, Prime Minister Marcel Ciolacu said yesterday, before the...

Parviz Shahbazov (left), Minister of Energy from Azerbaijan discusses the project with his Romanian counterpart Sebastian Burduja (right)

Sebastian Burduja: "Diversification of energy supply through the Green Corridor will lead to cheaper energy"

The diversification of energy supply through the Green Corridor will lead to a cheaper price of energy in our country and in the region, stated Sebastian Burduja, the Minister of Energy, yesterday, during the press conference held at the end of...

The view of President Recep Tayyip Erdogan's administration is that the geopolitical center of gravity is shifting away from developed economies, according to Bloomberg sources, who note that the country's new diplomatic push reflects its aspirations to cultivate ties with all parties in a multipolar world, while fulfills obligations as a key member of the North Atlantic Treaty Organization (NATO). (Photo source: facebook / Recep Tayyip Erdogan)

Rejected for decades by the European Union, Turkey opts for BRICS; will it stay in NATO?

Turkey has formally applied to join the BRICS group of emerging nations, seeking to strengthen its global influence and forge new ties beyond its traditional Western allies, according to sources cited by Bloomberg.

The BVB indices entered a corrective phase, triggered by the turbulence in foreign markets

The long-term upward trend of the indices of the Bucharest Stock Exchange (BVB) entered a corrective phase in August, primarily due to the contagion with foreign markets that suffered a severe fall at the beginning of the month. The BET index, of...

August in numbers

• August 1st

Ciolacu asks the European Commission for permission for a larger deficit

The last month of summer was marked by a series of government decisions that continued to deepen the budget deficit, which - according to the budget execution for the first seven months published by the Ministry of Finance at the end of August -...

European deputy Roxana Mînzatu, 44 years old, has a vast experience of almost 20 years in the management of European funds and has been involved in several local or regional economic development projects. (Photo source: facebook / Roxana Mînzatu)

Ciolacu, chess at von der Leyen - Roxana Mînzatu, in the cards for the position of European Commissioner

Prime Minister Marcel Ciolacu would be tempted to nominate Roxana Mînzatu, the current European deputy from the PSD, as our country's proposal for the position of European commissioner, according to social democratic sources cited by G4Media....

IAR Braşov - revenues and profit decreasing, in the middle of the year

The aeronautical company IAR Braşov (IARV) reported, for the first half of the year, operating revenues of 240.2 million lei, 9% below those of the first six months of last year, while the net profit decreased by 59% , up to 14.3 million lei,...

Former Israeli Air Force commander launches defense technology fund

Ventura Capital - with an eye on military security business

Donald Trump's possible return to the White House has helped spur a wave of investment in defense technology startups across Europe, eight top industry investors and executives say, according to a Reuters story last week.

Nicu Fălcoi stated: "Over time, the defense industry in Romania has been deeply politicized. People who were not only businessmen were put in charge of the companies subordinated to Romarm, who did not know how to bring such a company to profit. That's why most of the state companies in the defense industry are losing money, the Minister of Economy, Radu Oprea, came up with a strategy regarding this field, but it's a statement of good intentions and that's about it".

Nicu Fălcoi: "The only solution is the privatization of state companies in the defense industry"

The only solution is the privatization of the state companies in the defense industry subordinated to Romarm, if we want this sector of economic activity to modernize and become a competitive one, deputy Nicu Fălcoi (USR), vice-president of the...

Constantin Bucuroiu: "In order to ensure the necessary production, we must invest in modern manufacturing lines, which will lead to a qualitative leap regarding the achievements of each company".

Constantin Bucuroiu: "We need a financing of 250 million euros in the defense industry"

The defense industry in our country urgently needs a financing of 250 million euros to retechnology and modernize, claims Constantin Bucuroiu, the president of the Alliance of Trade Unions in the Defense and Aeronautical Industry (ASIAA)....

Mr. Aurel Cazacu pointed out: "In my opinion, even if we are under the umbrella of NATO, we must equip ourselves militarily, because that endowment has three purposes: deterring the enemy, increasing the confidence of the population and economic development".

Aurel Cazacu: "If the Russians attack us, we only have ammunition for two or three days"

The defense industry in our country does not produce as much as it is needed, and this fact leaves us exposed to an armed attack from Russia, military expert Aurel Cazacu, former director general of Romarm, told us.

The spokesperson of the Executive, Mihai Constantin, made clarifications: "The ordinance expands the range of possible beneficiaries of non-refundable funding for cultural projects, by including in the scope of potential funding applicants students from state pre-university education.

The government has adopted a set of measures for students

Students from the state pre-university education were included in the area of possible beneficiaries of non-refundable funding for cultural projects, through an ordinance approved by the Government. The spokesperson of the Executive, Mihai...

The conflict in Ukraine and the one in the Middle East forced the states and companies in the defense industry to adapt their strategies and invest massively in the development of new technologies and military capabilities.

The armaments industry - the new attraction for companies and investment funds

• Evolution of the romanian defense industry in the context of the new arms race

Iulian Chifu, President of the Center for Conflict Prevention and Early Warning, believes that any comments on Lavrov's statements amplify the original message and multiply the Russians' informational war.

Iulian Chifu: "Russia does not have the capacity to enter into a nuclear confrontation with the USA or NATO"

Russia does not have the capacity to engage in a nuclear confrontation or long-distance strikes with the United States or NATO member states, according to Iulian Chifu, President of the Center for Conflict Prevention and Early Warning.

The project, entitled "Assuring electricity through the installation of photovoltaic systems for self-consumption in UNSTPB buildings", aims to generate approximately 7,618 MWh of electricity annually.Photo source: upb.ro

Politehnica Bucharest: Green energy project, financed with over 29 million lei

The National University of Science and Technology Politehnica Bucharest (UNSTPB) signed a contract worth over 29 million lei for an ambitious project to install photovoltaic systems on 56 buildings on its campuses. Financed through the...

The Minister of Education, Ligia Deca, announced that our country will be able to benefit from another 2.2 billion euros for education and professional training, from European funds, through the Education and Employment Operational Program.

European funds of 2.2 billion euros for education

Local education receives a new "injection" with optimism in the form of European funds. The Minister of Education, Ligia Deca, announced that our country will be able to benefit from another 2.2 billion euros for education and...

Every time Russian Foreign Minister Sergey Lavrov threatens a Third World War, he implies or explicitly states that it will be nuclear.

Frightening: Russia once again plays the atomic bomb tune

The Third World War will not be limited to Europe, Russian Foreign Minister Sergey Lavrov warned again on Tuesday, addressing the United States in a press conference in Moscow.

Water crisis in Greece

Faced with a shortage this summer, Athens' water management operator will activate additional sources to strengthen the supply network of the Greek capital, according to an announcement cited by AFP. The additional sources are located in...

Photo source: facebook / Alexandru Petrescu

Alexandru Petrescu, ASF President: "From the discussions with the Government, I understood that three state companies will be listed on the BSE"

• "There is a financing program, worth 38.2 million euros, for listing companies on the stock exchange"

Drought is one of the most serious climate problems affecting Europe - with major impacts on agriculture, the economy, water resources and the environment.

Drought: Almost Half of Our Crops Scorched by Heatwave

• EU Harvest Decline

Investment: 17 million euros for the completion of the National Museum of the Anti-Communist Revolution

The condemnation of dictatorial regimes is also done by building themed museums. The Minister of Culture, Raluca Turcan, announces that the Ministry of Culture is taking a crucial step in completing the National Museum of the Anti-Communist...

Marcel Ciolacu: "Payment request number 3 will be approved only partially, due to the non-fulfillment of some benchmarks set out in the PNRR"

The non-fulfillment of the milestones in the PNRR regarding the reduction of the threshold regarding the taxation of micro-enterprises (milestone 206), corporate governance (milestone 207) and the non-completion of the metro in Cluj Napoca will...

Photo source: https://ro.usembassy.gov/ (U.S. Air Force photo by Senior Airman Joshua Hoskins)

The US approves the purchase of 186 supersonic missiles by the Romanian Air Force

The United States of America approved the purchase by the Romanian Air Force of a package of 186 AIM-120 AMRAAM missiles, the American Embassy in Bucharest announced yesterday through a press release.

Negotiations in Brussels regarding the reduction of the budget deficit and the fulfillment of the PNRR reforms

The situation of the excessive budget deficit that our country registers, the fulfillment of the conditions for the approval of payment request number 3 from the National Recovery and Resilience Plan, the nomination of the future Romanian...

We are borrowing from the Americans for the purchase of F-35 jets

The government has given the green light to the purchase of US arms and military equipment worth 12 billion dollars, on the basis of a loan through the Foreign Military Financing mechanism, offered by the US, an amount of which more than half...

The stars of all wars: weapons!

The wars in Ukraine and Gaza are causing excitement and concern around the world. The indisputable stars of these military conflicts are the weapons, sent to the involved parties from all areas of the world. Peace is desired, but war is fueled...

A record amount: Finances collected 3.2 billion lei through the Fidelis offer

• The titles will be listed on the BVB on August 26

Photo source: facebook / Sebastian Burduja

Sebastian Burduja: "We cannot surrender to some NGOs that sabotage the completion of the Răstoliţa and Bumbeşti-Jiu hydropower plants"

The projects to complete the Răstoliţa and Bumbeşti-Jiu hydropower plants will continue despite the opposition of the non-governmental organizations that are sabotaging the efforts of the Romanian state, declared yesterday the Minister of Energy,...