Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. ForMin Odobescu, AmCham Romania representatives discuss Ukraine reconstruction,...

ForMin Odobescu, AmCham Romania representatives discuss Ukraine reconstruction, Visa Waiver

April 23, 2024

  Foreign minister Luminita Odobescu welcomed a delegation of the American Chamber of Commerce in Romania (AmCham Romania), led by its president, Cristian Sporis, the Foreign Affairs Ministry (MAE) announced on Friday.According to a press release the ministry sent to AGERPRES, the agenda of the meeting, which took place on Wednesday, included possibilities for cooperation to advance common objectives in terms of attracting investment in strategic areas, strengthening Romania's economic, commercial and energy role at regional level, including through participation in the reconstruction of Ukraine, joining the OECD, Romania's inclusion in the Visa Waiver Program, Romania's accession to the Schengen area."Minister Luminita Odobescu appreciated the support of AmCham and its member companies for the implementation of Romania's foreign policy priorities, both in relation to the main strategic partner, the U.S., and other regional partners. She also reviewed the main foreign policy objectives in the current global political and security context, requesting AmCham's continued support for their achievement," the press release said.In turn, the president of AmCham Romania highlighted the main concerns and action priorities of the organization's member companies, underlining the efforts to lower the visa refusal rate for the U.S., an essential criterion for Romania's access to the VisaWaiver Program.AmCham Romania was established in 1993 at the initiative of the local subsidiaries of six major American companies (Coca-Cola, Colgate-Palmolive, Computerland, Delta Airlines and Honeywell), together with several American companies present in Romania at that time.AmCham was established on the basis of the Agreement on Trade Relations between the Government of Romania and the Government of the United States of America. The organization represents 550 companies based in the U.S., Romania and other EU member states.

Read in full - click here
Romania’s Jaqueline Cristian reaches third round at Australian Open 2025

Romanian tennis player Jaqueline Cristian, ranked 82nd in the world, advanced to the third round of the Australian Open on Thursday, January 16, after defeating Italy's Lucia Bronzetti in two sets 7-5, 7-5. The match lasted two hours and four minutes, according to News.ro. This marks the...

Poland’s largest bank officially enters Romanian market

The corporate branch in Romania of PKO Bank Polski, the leader of the Polish banking system, will begin its operational activity on the local market in 2025, according to Ziarul Financiar. The Romanian daily announced in October 2023 that PKO Bank, the largest bank in Poland, with assets equivalent to 70%...

Romanian commission to screen takeover of E.ON subsidiary by Hungary's MVM amid alleged security risks

The Romanian Ministry of Energy announced that it notified the Foreign Direct Investment Review Commission (CEISD) regarding the transaction through which Hungary's state-owned energy group MVM intends to acquire the gas and electricity supply division of E.ON Energie Romania,...

Romania keeps cautiously the monetary policy rate at 6.5%

At the monetary policy meeting of January 15, Romania’s central bank (BNR) maintained the monetary policy interest rate at 6.5%, which was in line with expectations.  Amid persistent inflation risks and with no budget plan drafted by the government, the monetary authority thus prioritized a cautious stance over the need to encourage economic growth.  “We […]

Romania's automobile production up 10% y/y to record 560,000 in 2024

Ford Transit & Tourneo Courier, Ford Puma, and the new Dacia Duster led Romanian car production to a record volume of over 560,000 cars, according to calculations by Ziarul Financiar based on information from the car market and Ford Otosan's stock exchange report.  The volume thus brings a 10% increase...

Romania's industry kept losing ground for second consecutive year in 2024

Romania's industrial output in the 12 months to November 2024 contracted by 2% y/y, according to data published by the statistics office INS.  The contraction was slightly softer (-1.6% y/y) in the core manufacturing sector, with the segment of utilities (-4.4% y/y) dragging down the overall performance. Most likely, the industrial output in Romania ended […]