The world geopolitical environment is marked by distrust and disrespect for the international order, which leads to the escalation of regional conflicts and a new arms race, Romanian Foreign minister Luminita Odobescu on Monday told the Conference of States Parties (CSP10) to the Arms Trade Treaty (ATT) in Geneva that runs through Friday under the Romanian presidency."These challenges require a new commitment from the states parties for the treaty to achieve its purpose and have a significant impact on international security. The goal is more important than ever: to reduce people's suffering and to contribute to international and regional peace, security and stability," Odobescu is quoted as saying in a press statement released by the Romanian Foreign Ministry (MAE) on Monday.In her opening remarks, Odobescu mentioned the 10th anniversary of the Arms Trade Treaty, underlining its essential role in the current geopolitical context, as well as the importance of cooperation among all the actors involved in reducing human suffering, promoting peace, security and international stability. She also pointed to the priorities of the Romanian Presidency of CSP10 regarding the adoption of a pragmatic and structured strategy of the efforts to universalise the treaty, as well as a new orientation in the activity of the ATT focused on addressing practical aspects of implementation.Romania took over the CSP10 presidency on August 25, 2023, which it holds throughout August 23, 2024, through the Permanent Representative of Romania to the United Nations Office in Geneva and international organisations based in Switzerland Razvan Rusu. Under its CSP10 presidency, Romania has encouraged dynamising dialogue among the party states on the effective implementation of the treaty, universalisation activities and measures to increase the transparency of exports and imports of conventional arms. At the same time, the priorities of the Romanian presidency included holding debates on the role of inter-institutional cooperation in the implementation of the ATT provisions.
Céline Gauer, the director general of the Recovery and Resilience Task Force (or RECOVER) at the European Commission, arrived in Romania on Tuesday, July 15, to meet with officials regarding the implementation of the National Recovery and Resilience Plan, or PNRR. As the coordinator of the PNRR, which offers funding in the form of advantageous […]
Aluminium producer ALRO, a subsidiary of Vimetco PLC from Cyprus, celebrated 28 years on the Romanian stock exchange (BVB) and 60 years of uninterrupted industrial activity. Its market capitalization has increased nearly 21 times since its listing and now exceeds RON 1 billion. The company’s history began with the first batch of Romanian aluminium, on June […]
Something is quietly shifting in Romania. In places where paperwork, patchy Wi-Fi, and long queues once ruled, change is starting to show. Towns are more connected, cities are getting smarter, and essential services are beginning to live online, not in line. A tidal wave of digitisation is common to other areas of the globe, that’s […]
Several segments in Romania's A7 and A8 highway projects have lost funding from the National Recovery and Resilience Plan (PNRR) due to project delays, the minister of investments and European projects, Dragoș Pîslaru, announced on Tuesday, July 15, as reported by Biziday.ro. He did not specify which segments of these highways were affected. The statement […]
Real estate developer Redport and businessman Dan Șucu officially inaugurated the showroom for their latest residential project, Vitality Est, and announced the start of construction work on the site near Pantelimon Park and Lake in eastern Bucharest. The project, estimated at EUR 50 million, will include 500 apartments and 400 square meters of commercial space. […]
According to an analysis from real estate consultant Colliers based on National Bank of Romania data, Romanians spent more than EUR 3 billion on international travel in the first four months of 2025, 15% more than in the same period of 2024. If the current pace continues, Romanians’ spending on foreign holidays and business travel […]
