National Defence Minister Angel Tilvar on Wednesday met Kingdom of Morocco Minister of Foreign Affairs, African Cooperation and Moroccan Expatriates Nasser Bourita, in a context in which the high officials discussed the situation in the Black Sea region, Africa and the Middle East, as well as the efforts of both sides to ensure regional stability.According to a National Defence Ministry (MApN) press release, Minister Tilvar highlighted Romania's firm desire to develop cooperation with African states, in the context of Romania's launching the National Strategy for Africa, called "Romania - Africa: Partnership for the future through peace, development and education, a vision framework document."The Romanian minister said that, starting from the solid traditional foundations, Romania intends to exploit the potential for cooperation in various areas with the Kingdom of Morocco.The official pointed out that the Kingdom of Morocco is one of Romania's main trading partners in the MENA (Middle East and North Africa) region, with a total trade turnover exceeding 1.3 billion dollars last year, with a trade balance in favour of Romania, which exports to Morocco cars, parts and components for the automotive industry, as well as other industrial products and equipment for energy generation, transmission and distribution, industrial automation and telecommunications equipment. Also, at the moment almost 2,000 Moroccan citizens study annually in Romania, which creates important premises for strengthening the cooperation between the two countries.In this context, Angel Tilvar stressed the importance of the signing, for the first time, of the Agreement between the Government of Romania and the Government of the Kingdom of Morocco on cooperation in the military and technical areas, a document that will provide the legal framework for cooperation in areas of mutual interest such as defence industry, training of personnel in military institutions, training and exercises, military medicine and cyber security.In his turn, Minister Bourita mentioned the importance that Morocco attaches to the relation with Romania and stressed the need to reinvigorate dialogue at all levels, as well as the need to identify new areas of cooperation.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
