Minister of Foreign Affairs Lumini?a Odobescu had a meeting with the Minister of Foreign Affairs of Canada, Mélanie Joly, on Wednesday, July 10, 2024, on the margins of the NATO Summit in Washington. The two senior officials reviewed the excellent state of relations between Romania and Canada, focusing on cooperation within NATO and in the field of civil nuclear energy. The Romanian Minister expressed her interest in coordinating the efforts of the two countries to strengthen the transatlantic relationship, which is essential for the solidity of the rules-based international order. In this context, she mentioned the priority given by Romania to joint efforts to strengthen NATO's deterrence and defense posture on the Eastern Flank, particularly in the Black Sea region. The Romanian Minister also referred to the need to continue the coordinated approach to substantial and long-term assistance to Ukraine and Moldova. The two ministers agreed to intensify bilateral cooperation for the reconstruction of Ukraine and to counter hybrid threats to Moldova. The Romanian Minister of Foreign Affairs commended the traditional Romanian-Canadian collaboration in the field of civil nuclear energy and expressed the interest in continuing it in a mutually beneficial way, through the modernization of Unit 1 and the construction of Units 3 and 4 of the Cernavod? Nuclear Power Plant. On the occasion of the meeting, the two ministers signed the Joint Declaration of Enhanced Partnership between Romania and Canada. The main objectives of the document are to promote economic growth based on sustainable development and clean energy, a secure Euro-Atlantic area (including the Black Sea region) and a strong transatlantic relationship. To implement the Declaration, a Roadmap is planned, a working document that will facilitate cooperation between Romanian and Canadian ministries. The text of the Joint DECLARATION OF THE GOVERNMENTS OF ROMANIA AND CANADA ON THE ENHANCED PARTNERSHIP BETWEEN ROMANIA AND CANADA is available here: https://www.mae.ro/node/65123.
Romanians are worse off now compared to 6 months ago, and 2026 will also be difficult, but from 2027 and then on, there is hope, said president Nicusor Dan during an interview with Romania TV. The government targets a deficit of 8.4% of GDP this year, marginally below 8.65% of GDP in 2024. To tackle […]
Imran Vilcassim, Chief Commercial Officer, Digital Platforms at BPC, explores how Romania’s booming digital payments outpace merchant readiness and why mobile POS is emerging as the practical solution. Romania’s digital payments volumes are rising fast, but merchant infrastructure isn’t keeping up. Independent market models estimate total digital payments will reach nearly
The attributes needed to reach the top of the business hierarchy, how to motivate and support the teams one works with, and how to tackle the unavoidable challenges that arise along the way were among the topics discussed at the event Inspiring Women in Business, organized by La French Tech Bucharest. Making it to a […]
More than half of the elderly people in urban areas in Romania face loneliness, and almost 310,000 of them experience it at a high level, according to a study conducted by the Association Never Alone, Friends of the Elderly, in partnership with Kantar Romania. The study, carried out in August 2025 on a representative sample […]
Square 7, part of retail park investor M Core, officially inaugurated its new Bucharest office last week, marking an important milestone for the company. More than 150 guests joined the event, including partners, collaborators, and team members. M Core is a family of property investment and management companies comprising LCP, Sheet Anchor, Proudreed, and Sheet […]
Real estate developer Hagag Europe Development has expanded its Romanian operations into the energy sector with the acquisition of BTD Distribuție și Furnizare, a local company specializing in natural gas infrastructure, distribution, and supply. The company has opened a new local division - Hagag Energy - and announced plans to invest more than EUR 400 […]
