Romania and the Kingdom of Saudi Arabia signed, on Thursday, a Memorandum of Understanding aimed at strengthening commercial relations between the two countries in the field of agriculture, especially in the vegetable sector, animal husbandry - raising cattle, sheep and goats, but also in the use of modern technologies in the field of agriculture."Saudi Arabia is a market for Romanian cereals and will also become a market for products from our farms. In 2023, the export of cereals to Saudi Arabia has increased considerably, due to the discussions held with the officials of the kingdom. The Memorandum of Understanding signed, today, in Riyadh, with my counterpart from the Kingdom of Saudi Arabia, is another important step for the consolidation of commercial relations between the two countries in the field of agriculture, especially in the vegetable sector, animal husbandry - raising cattle, sheep and goats, but also the use of modern technologies in the field of agriculture. Trade exchanges will increase significantly in the next period, especially since the Saudi side is interested in Romanian cereals, but also in the fodder that we process in Romania Romania who have the opportunity to enter into dialogue with the Saudi side, thanks to this Memorandum signed today," the Minister of Agriculture, Florin Barbu, wrote on his Facebook page.He added that, as of 2019, there was no government-level agreement with the Kingdom of Saudi Arabia.The Minister of Agriculture and Rural Development is on an official visit to Saudi Arabia on Wednesday and Thursday, an event during which high-level meetings with the Saudi authorities, the business environment, and field visits are scheduled.The State Secretary, Sorin Moise, is part of the delegation led by the Minister of Agriculture.
OMRO, the lending branch of the fintech Filbo, together with Filbo Pay and Easybill, listed RON 12.3 million (EUR 2.4 million) in corporate, unsecured bonds on the Bucharest Stock Exchange on July 1. This is OMRO’s fourth issue of corporate bonds. OMRO32 bonds have a nominal value of RON 100 per bond and a variable […]
The Ploiești Court found on Tuesday, July 1, that former tourism minister and influential politician Elena Udrea can be conditionally released from prison. The decision is not final and has reportedly been contested by the National Anticorruption Directorate, or DNA. Udrea is currently hospitalized at the Ploiești County Emergency Hospital, after undergoing surgery on Sunday, June […]
The foreign exchange reserves of the National Bank of Romania, or BNR, totaled EUR 58.281 billion at the end of June 2025, up by 4.71% compared to May 31, 2025. During the month of June, there were inflows of EUR 6.1 billion, representing changes in foreign currency minimum reserves established by credit institutions at the […]
Maib, the largest bank in the Republic of Moldova, has established a strategic partnership with Tuum, a next-generation core banking platform from Estonia, to obtain a fully digital presence for retail customers in Romania. Tuum’s core banking platform will serve as the foundation for Maib’s greenfield operations in Romania. “Maib’s decision to collaborate with Tuum […]
The Romanian government officially launched the 12th edition of its Official Internship Program on July 1, welcoming a new cohort of 150 young interns selected from more than 1,900 applicants. Over the next two months, the interns will be hosted by 26 government institutions, where they will gain hands-on experience in public administration. The program […]
The cogeneration plant on the Petromidia Năvodari platform, the flagship project of the Kazakh-Romanian Energy Investment Fund (KREIF), has entered its final testing phase and is expected to be fully integrated with the Petromidia refinery and Romania’s National Energy System - NES by the end of August. Developed through Rompetrol Energy, a KREIF subsidiary, the […]
