TALKS Prices in the main food products in Romania could go down in
\nthe following period, the country’s Prime Minister Marcel Ciolacu has announced
\nafter the Executive talks on Thursday. Ciolacu says he has received answers
\nfrom the main supermarket chains on the scheme to cutting down on the markup in
\nthe main food prices. The list includes staples such as bread, dairy, meat,
\neggs, flour, hominy, oil, vegetables and fruits. The Romanian government will
\ncontinue to hold talks with the producers and suppliers of food products on the
\naforementioned scheme of curbing the markup. The Romanian ministers have also
\ntackled another support scheme for the local producers of building materials so
\nthat they may produce good materials at competitive prices, which would result
\nin lower imports. Roughly 70% of the materials used at present are imported and
\nBucharest wants to curb these imports. The support scheme’s budget this year
\ncould stay around 150 million euros, but the decision is with the Finance
\nMinistry. <\/p>\n
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VISIT Economic cooperation and handling the crises caused
\nby Russia’s war in Ukraine were the main topics on the agenda of the talks held
\nin Chi\u015fin\u0103u on Wednesday by the PM of Romania, Marcel Ciolacu, and of Moldova,
\nDorin Recean. The latter thanked Bucharest for the support given to Moldova in
\nits EU accession efforts, and mentioned that bilateral relations are
\nconsolidated through the construction of roads, bridges and energy networks.
\nDuring his visit to Chi\u0219in\u0103u, Marcel Ciolacu was accompanied by the Senate
\nspeaker Nicolae Ciuc\u0103.<\/p>\n
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GAS The
\nmanager of OMV Petrom, Christina Verchere, Thursday said that in 2027 the first
\namounts of natural gas would be extracted through the Neptun Deep project,
\nturning Romania into the largest natural gas producer in the EU. The statements
\nwere made at the government’s headquarters in Bucharest, where OMV Petrom and
\nRomgaz made an announcement concerning the development of Neptun Deep, the
\nlargest natural gas project in the Romanian part of the Black Sea. Spanning 2
\ndecades, the project is expected to generate a gas output 30 times higher than
\nthe annual demand, which covers 4.3 million households. The estimated revenues
\nto the Romanian state will be around 20 billion Euros. Neptun Deep is a major
\nstep for our 2030 strategy, aimed at supporting Romania’s and the region’s
\nenergy transition, the OMV Petrom executive added.<\/p>\n
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INVESTMENT
\nThe European Investment Bank Thursday announced new funding for Romania. The
\ntotal 675 million euros will go into transport, urban development and small
\nenterprises. 600 million euros will be earmarked for the transport sector, to
\nadd to the EU recovery and resilience funding. The EIB Group and Romania mark
\n30 years of partnership, with over 17 billion euros granted by the bank in more
\nthan 170 financing projects since the start of its operations in the country.
\nGiven the progress of Romania’s economy over the past 30 years, I am proud that
\nthe EIB Group was able to help, providing financing for better schools,
\nhospitals, public infrastructure, universities and transport, and supporting
\nclimate action and small enterprises, said the EIB vice-president, Lilyana
\nPavlova, in an event in Bucharest. In turn, Marjut Falkstedt, chief executive
\nof the European Investment Fund, emphasised that so far the EIF provided
\nfinancial support to more than 56,000 Romanian enterprises. <\/p>\n
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(bill&)<\/p>\n
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