Romania - Sri Lanka maritime trade cooperation is essential, given the geographical position of the two countries, is the opinion voiced by president of the Romanian Chamber of Commerce and Industry (CCIR) Mihai Daraban at a meeting on Wednesday with Minister of Foreign Affairs of the Democratic Socialist Republic of Sri Lanka Ali Sabry, on the sidelines of the official visit to Romania by representatives of the Sri Lankan government.Referring to ways of boosting trade relations with Sri Lanka, the CCIR president emphasized that the geographical position of the two states "essentially shapes" their maritime cooperation."Sri Lanka is a maritime trade hub in the South Asian region, with trans-shipping accounting for 75 percent of the activity of the Port of Colombo. At the same time, Romania, through Constanta Port - the only left functional at the Black Sea - is the gateway for goods entering Central and Western Europe. It is worth noting that over 170 Sri Lankan companies are present in our country, and we consider them to be true ambassadors of this state to Romania, which, together with domestic businesses, can bring added value to the economies of the two states," said Daraban.In his turn, Sri Lanka's Foreign Minister Ali Sabry stated that due to its access to the Black Sea, but also to the fact that it is a EU member, Romania represents a major interest for the economic development of the South Asian island state.Today, relations between the EU and Sri Lanka are governed by a comprehensive cooperation agreement on partnership and development, which came into force in April 1995. Thus, the EU became Sri Lanka's second-largest trading partner after China and its second main export destination, absorbing 22.4 percent of Sri Lanka's exports in 2020. At today's meeting with the CCIR management we identified real business development opportunities for Romanian and Sri Lankan entrepreneurs. For us, the connection we established with CCIR - Romania's most important business promotion vector - is essential, said Ali Sabry.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
