Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Supporting Ukraine, an insufficient condition for defending the...

Supporting Ukraine, an insufficient condition for defending the rules-based order, in the absence of a regional approach

July 22, 2024

Supporting Ukraine is a necessary but not sufficient condition for the defense of the rules-based international order, and in the absence of a regional approach there is a risk of further aggression in the Black Sea, and the long-term solution depends on a secure, prosperous and connected region of Black Sea's, the minister of Foreign Affairs, Luminita Odobescu, said on Friday at The Black Sea Region as a Global Inflection Point event, organized by the Hudson Institute in Washington D.C., a release by the Foreign Affairs Ministry sent to Agerpres on Saturday, reads."In the Black Sea, Moscow's aggression has clear political objectives. It seeks to create an alternative regional order, in which states have limited sovereignty, unilaterally imposed by the great powers. (...) The final result of Russia's challenge to the international order based on the rules of the Black Sea region will be reflected at the global level. It will have profound and direct implications not only for our security, but also for US security and the ability of the US to lead a diverse global coalition in support of the rules-based international order," the Romanian chief diplomat said.She pointed out that all the major actors currently challenging the rules-based international order "have gradually aligned themselves and have a simultaneous, active involvement in the Black Sea region in support of Russian aggression", mentioning here Iran, North Korea and China.She reiterated the importance of the US's strategic approach to the Black Sea region and welcomed the intense dialogue on this topic between Romania and the United States. At the same time, she reviewed Romania's efforts to promote security, stability and resilience in the Black Sea region, implemented both nationally and through the fruition of multilateral cooperation opportunities. She reiterated Romania's firm support for Ukraine, the Republic of Moldova and the other EU and NATO partner states in the Black Sea region and emphasized Romania's commitment and sustained efforts to facilitate exports of agricultural products from Ukraine, the MAE press release also reads.The minister of Foreign Affairs, Luminita Odobescu, made, between June 19-21, 2024, a working visit to the United States of America, organized in the context of the 20th anniversary of Romania's accession to NATO, as well as the 9th sessions of the Strategic Dialogue between Romania and the United States of America.

Read in full - click here
Gross income in October 2024 for full-time employees - RON 8,374 

The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]

Number of building permits for residential properties up 4.1% in first ten months

 Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]

Ministry of Finance: VAT revenues increased by 6.7 billion RON in third quarter of 2025

 VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]

BCR lists RON 1.12 bn bond issue on Bucharest Stock Exchange

Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]

Study: Romania is among the region's most dynamic insurance markets 

  Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]

Romanian and foreign investors request again elimination of minimum turnover tax

  The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]