Economy | 6 May, 2025 at 8:57 AM
Cătălin Predoiu named Romania's Interim PM
Cătălin Predoiu has been named Interim PM following the resignation of Marcel Ciolacu. The appointment was approved by Interim President Ilie Bolojan.
Cătălin Predoiu has been named Interim PM following the resignation of Marcel Ciolacu. The appointment was approved by Interim President Ilie Bolojan.
Romania's Social Democrat PM Marcel Ciolacu resigned on Monday evening, citing dwindling support for the ruling government coalition following Sunday's first round of presidential elections.
As US President Donald Trump has announced a 20% tariff on products imported from the EU, Romanian PM Marcel Ciolacu said the government will launch support schemes.
The US government is currently reviewing Romania's recent inclusion in the Visa Waiver Program (VWP) to ensure it meets the program's strict security requirements.
Romania's Government has signed in mid-July a memorandum of understanding with US tech giant Google as the country is looking to boost its cloud infrastructure for public services.
Raiffeisen Bank has reached an agreement to acquire 100% of the shares in Garanti BBVA Group Romania, including Garanti Bank and leasing unit Motoractive IFN, from subsidiaries of Banco Bilbao Vizcaya Argentaria.
Etem Gestamp, the Sofia-based joint venture between Viohalco Group and Spain's Gestamp Group, has signed a 10-year virtual power purchase agreement (VPPA) with Rezolv Energy, the Actis-backed independent power producer.
Electrica's Board of Directors has approved new four-year mandates for its top executive leadership following a meeting on 27 March.
JTI announced a €300 million investment to build a new factory in Ștefăneștii de Jos, Ilfov County.
Parapet, an EPC contractor in the renewable energy sector, has appointed Roxana Gureanu as CEO, as the company experiences rapid growth and international expansion.