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.
Romanian prime minister Marcel Ciolacu stated during Thursday's government meeting that "some retailers have reduced product quantities but kept prices equally high.” He asked state authorities and regulators to conduct checks into the matter. The executive will also implement regulations following the French model, with visible indications of quantity reductions and modifications in terms of […]
New mortgage loans worth approximately EUR 1.1 billion were granted in the first three months of 2024, up about 29% compared to the level of Q1 2023, according to a market report released by financial consultant SVN Romania | Credit & Financial Solutions. Refinancings, conversions, transfers, and restructurings were excluded from this volume. In total, […]
The European Bank for Reconstruction and Development (EBRD) and the Bucharest Stock Exchange (BVB) will work together to review the Romanian market’s corporate governance code, aligning it with recent regulatory changes and updated global standards. The initiative is designed to help listed companies improve their governance and reporting quality. The reviewed Code will be aligning […]
Thing, the beloved character on Netflix’s hit show Wednesday, will be played by Romanian actor Victor Dorobanțu in season 2 as well. The first season of the show was shot in Romania, but production for the second season moved to Ireland. Thing was chosen by the production team to be the "influencer" sharing all the […]
Real estate investor-developer Hagag Development Europe said that it took over the Obor Est Residence residential project located in eastern Bucharest, on the former Izolatorul industrial platform, and relaunched it under the Hagag brand. Reintroduced on the market as H East Residence, the project is currently under development on a land plot surpassing 17,500 sqm […]
30 April 2024 marks the formal completion of the CounteR Project – Countering radicalisation for a safer world: privacy-first situational awareness platform for violent terrorism and crime prediction, counter radicalisation, and citizen protection. The project’s most significant achievement is
