Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. 25 years since the signing of the Treaty...

25 years since the signing of the Treaty of Understanding, Cooperation and Good Neighbourliness between Romania and the Republic of Hungary

October 14, 2021

  The Ministry of Foreign Affairs (MAE) celebrates, on Thursday, 25 years since the signing of the Treaty of Understanding, Cooperation and Good Neighbourliness between Romania and the Republic of Hungary (Timisoara, 16 September 1996), context in which Minister Bogdan Aurescu is talking about consolidating a "constructive, pragmatic and European partnership".The basic political treaty between Romania and Hungary represents one of the political-legislative pillars of the bilateral relationship in the last two and a half decades, being a solid landmark of the development of the Romanian-Hungarian cooperation, the MAE reminds."At present, the joint membership of the EU and NATO contributes to a better coordination of our states, in order to promote the common interests in the two structures. I express my confidence that today, 25 years after its signing, the foundations of the bilateral relationship, as they are defined by the basic political treaty - trust, cooperation and mutual respect - will guide us to strengthen a constructive, pragmatic partnership, in the European spirit, meant to generate definite benefits for all our citizens," the Minister of Foreign Affairs declared on this occasion, according to a press release sent on Thursday.Romania and Hungary, as strategic partners, neighboring states and EU and NATO member countries, share a number of common interests, and in this context the full capitalization of the Basic Political Treaty and the instruments created by it, as well as the bilateral strategic partnership must be a priority in the future.The Treaty of Understanding, Cooperation and Good Neighbourliness between Romania and the Republic of Hungary also created the platform for cooperation between the two states in the field of protection of the rights of persons belonging to the Romanian minority in Hungary, and to the Hungarian minority in Romania, respectively. Thus, the Romanian-Hungarian specialty committee for cooperation on national minority issues, created on the basis of this treaty, remains the reference forum for discussing any issues concerning our related minorities, able to identify appropriate consensual approaches to ensure the preservation and assertion of ethnic, linguistic, religious and cultural identity.The Romanian MAE expresses its hope that, "by using this priority framework of cooperation, the persons belonging to the Romanian minority in Hungary will be able to preserve and develop the defining elements of their ethnic, linguistic, cultural, spiritual identity so that they can be bequeathed to future generations of ethnic Romanians".The MAE "also voices its confidence that in the future, and even more so in a context marked by challenges, the relationship between Romania and Hungary will continue to develop politically, economically, at a societal level, in accordance with the political-legislative foundations represented by the Treaty on Understanding, Cooperation and Good Neighbourliness between Romania and the Republic of Hungary and the Declaration on Romanian-Hungarian Cooperation and Strategic Partnership for 21st Century Europe, as well as on the basis of belonging to the same European and Euro-Atlantic community".To mark the quarter of a century since the signing of the Treaty of Understanding, Cooperation and Good Neighbourliness between Romania and the Republic of Hungary, the Ministry of Foreign Affairs in collaboration with Romfilatelia has produced a postage stamp issue that illustrates the importance that Romania attaches to this historical moment in the bilateral relationship.***Hungary is the first state with which Romania has created the mechanism of joint government meetings, a useful tool that has contributed to the deepening of sectoral cooperation.Hungary is one of Romania's traditional economic partners. In 2020, despite the COVID-19 pandemic, trade amounted to almost 9 billion euros. A particularly useful tool in stimulating economic cooperation is the Joint Committee for Economic Cooperation Romania - Hungary.The last meeting of this Committee, which took place in Budapest on April 8-9, 2021, highlighted the significant potential for economic and sectoral cooperation between Romania and Hungary, as well as the interest of the two states to engage in joint projects, mutually advantageous in areas such as: infrastructure and transport, cross-border cooperation, tourism, energy, agriculture, environmental protection, health, etc.Such a project, meant to boost economic cooperation and trade between the two states, is represented by the bilateral Chamber of Commerce, which will be based in Budapest, and which will be an effective vector for promoting the interests of Romanian companies on the Hungarian market, and of Hungarian companies on the Romanian market, respectively.   

Read in full - click here
EVERGENT Investments proposes a dividend of 0.135 lei/share to its shareholders

The Board of Directors convenes the Ordinary General Meeting of Shareholders on December 18/19, 2025 The Board of Directors of EVERGENT Investments, an investment company listed under the ticker EVER, has convened the Ordinary General Meeting of Shareholders for December 18/19, 2025. The proposal submitted for shareholders’ approval is the distribution of dividends from reserves […]

City Grill Group: Dining out is becoming a social experience again

City Grill Group surpasses EUR 63.5 million in revenue in the first 10 months With one in six people affected by loneliness, according to the WHO, restaurants are once again becoming essential spaces for reconnection, and dining out is reclaiming its role as an authentic social experience. City Grill Group, the largest Romanian-owned restaurant chain, […]

Apple’s Sports app is now available in Romania

The Apple Sports app, which provides real-time information and results from multiple sports, became available in Romania this week following a major European expansion, according to the company. The US smartphone maker made the app available in 20 European countries, including Romania.  Now available in the App Store on the company’s devices, the Apple Sports...

Photo-documentary exhibition dedicated to William Blake arrives in Craiova this month

An exhibition dedicated to the work of William Blake will open at the “Alexandru and Aristia Aman” Dolj County Library in Craiova between November 28 and December 12. Titled William Blake’s Painting in the Light of Sahaja Yoga, the photo-documentary display is curated by Carol and Luis Garrido (UK), whose 14 years of research led […]

Bucharest Stock Exchange 30th Anniversary: Returns from equities outpace real estate, state bonds

The Bucharest Stock Exchange (BVB) kicked off a series of week-long events on Monday, November 17, to mark its 30th anniversary. Brokers, investors, and regulators discussed the evolution of Romanian equities, investment funds, and financial education. They stressed that the local stock market has offered higher returns than other types of investments. The first day […]

Romanian tech group AROBS ups net profit, revenues in first nine months of 2025

AROBS Transilvania Software (BVB: AROBS), a leading entrepreneurial technology company listed on the Bucharest Stock Exchange (BVB), recorded consolidated revenues of RON 328 million in the first nine months of 2025, up 7% compared to the same period last year.  According to the company’s report, EBITDA also reached RON 50 million, a 15% increase, while […]