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Second day of Three Seas Initiative Summit: Plenary session focusing on energy and digital interconnection

Wednesday, September 19, 2018


The Three Seas Initiative Summit continued on Tuesday at the Cotroceni Palace in Bucharest with a plenary session focusing on energy, transportation and digital interconnection. The session was moderated by President Klaus Iohannis, who spoke to the press alongside his Croatian and Polish counterparts and US Secretary of Energy Rick Perry. The Three Seas Initiative can strengthen the overall economic development and the consolidation of the European ...

Joint Statement for the creation of the Chambers of Commerce of the Three Seas Initiative

Wednesday, September 19, 2018

The representatives of the national Chambers of Commerce of 7 participating states to the Three Seas Initiative (3SI) – Bulgaria, Croatia, Hungary, Lithuania, Poland, Romania and Slovenia, have met in Bucharest on September 17, 2018, on the occasion of the first edition of the Three Seas Business Forum. On this occasion, they acknowledged the following as regards the 3SI objectives: It is an ...

Johannis : the Summit of the Three Seas Initiative is "a top level political signal"

Wednesday, September 19, 2018


The list of priority interconnection projects presented within the Summit of the Three Seas Initiative is "a top level political signal", on Tuesday stated Klaus Iohannis, in a news conference at the Cotroceni Presidential Palace.The President delivered a joint declaration alongside his Croatian counterpart Kolinda Grabar-Kitarovic, the Prime Minister of the Polish Government, Mateusz Morawiecki, and the US Secretary of Energy, Rick Perry."Romania's ...

Jean- Claude Juncker: investments make no sense without respect of the rule of law

Wednesday, September 19, 2018


EC President Jean-Claude Juncker has addressed the Three Seas Initiative summit’s plenary session on Tuesday, stating that Europe starts being breathless for it doesn’t breathe with its two lungs anymore, the eastern and the western ones. He proposed the focus should be put on cooperation, to use a common language for East and West.Juncker said the EU supports the Three Seas Initiative, while asking Romanian President Klaus Iohannis to encourage „new ways of ...

Rick Perry: energy sector should not be used as a threat to national security

Wednesday, September 19, 2018

The energy sector should not be used as a coercion means or as a threat to national security, US Secretary of Energy Rick Perry stated on Tuesday. He held a joint press conference alongside President Iohannis, Croatia's President Kolinda Grabar-Kitarovic and Prime Minister of the Polish gov't Mateusz Morawiecki on the occasion of the Three Seas Initiative Summit in Bucharest.We want countries in Central and Eastern Europe to know they can count on the United ...

EBRD president: Slowing down structural reforms affects productivity of Romanian companies

Wednesday, September 19, 2018


The slow growing rate of productivity in the past years reflects slowing down of structural reforms in Romania. There are are still many business sectors where urgent reforms are needed when joining EU no longer represents an impulse for reforms as it was 15 years ago, said Suma Chakrabarti, the president of the European Bank for Reconstruction and Development in a speech held at the Academy of Economic Studies in Bucharest (ASE) on the occasion of his participation in the ...

Judges' Motivation: Liviu Dragnea adopts illegal, antisocial and immoral behaviour contrary to his position

Wednesday, September 19, 2018

Supreme Court judges show, in the motivation to the prison sentence of 3 years and 6 months for Liviu Dragnea in the case of hirings at DGASPC Teleorman, that he had adopted an illegal, antisocial and immoral behaviour contrary to the public position he held. Magistrates say the social danger degree of his deeds is shown by the “way in which employees of public institutions accept to commit acts of penal nature, influenced and intimidated by the ...

Bell UH-1Y helicopter that could be built in Romania, presented at

Wednesday, September 19, 2018


The Bell UH-1Y combat proven utility helicopter that could be built in Romania in the future, at central Ghimbav, near Brasov, was presented in European premiere at the "NATO Days" event organised Saturday and Sunday on the airport near Ostrava, in the Czech Republic.The combat variant AH-1Z is not here, but here it is the multi-role combat version.(...) slated to transport the troops in the conflict area and bring them back in safety from the battle field. (...) ...

Number of Jan - July newly set up foreign capital companies down 4.7 pct YoY

Wednesday, September 19, 2018


The number of newly set up companies running on foreign capital was 4.7 percent down over Jan - July 2018 compared to the same period of 2017, standing at 3,337, shows National Trade Register Office data.The 3,337 new companies had a paid-up capital worth more than 36.3 million US dollars, up 86 percent YoY.In a YoY comparison, the number of startups this July was 479, most of them being set up in Bucharest - 221, Timis County - 34, and Cluj County - ...

Vodafone will lay off 1,700 service center employees in Romania, India and Egypt

Wednesday, September 19, 2018


Vodafone, one of the biggest telecom groups in the world, will lay off 1,700 employees from its service centers in Romania, India and Egypt, in this financial year, the group’s new CEO Nick Read said in an interview for Financial Times. The ...

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