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.
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 […]
