Prime Minister Marcel Ciolacu will be on Tuesday and Wednesday on a working visit to Great Britain, having meetings with British Prime Minister Keir Starmer, House of Commons Speaker, Sir Lindsay Hoyle, and City of London Lord Mayor Alastair King on the agenda, the government said in a release. Also, the prime minister will participate in the Romania - UK Economic Forum due on November 13.His program also includes a visit to a Romanian local church and meeting with members of the Romanian community in Great Britain."The government of Romania is interested in strengthening the Strategic Partnership with the United Kingdom of Great Britain and Northern Ireland on all levels of bilateral interest, adjusted according to the current challenges and opportunities. The Romanian community in the United Kingdom is quite a strong one, and the promotion of the rights of our fellow nationals represents a vital pillar of bilateral cooperation," said Ciolacu, as cited in the release.This is the first visit of a Romanian prime minister to the United Kingdom of Great Britain and Northern Ireland in 17 years, the Executive notes.The official delegation will include Foreign Affairs Minister Luminita Odobescu, National Defense Minister Angel Tilvar, Minister of Economy, Entrepreneurship and Tourism Radu Oprea, Energy Minister Sebastian Burduja, honorary advisor and EP Vice-President Victor Negrescu, and state advisor Nicolae Comanescu.***The Romania - UK bilateral relationship is governed by the Strategic Partnership launched on June 26, 2003, revised in 2011 and updated on March 23, 2023 by a Joint Declaration signed by the two states' Foreign Affairs ministers.The Romanian community in the United Kingdom of Great Britain and Northern Ireland is estimated at over 1.2 million.Romania is represented in the United Kingdom through the Embassy in London and three Consulates General in London, Manchester and Edinburgh. Steps are currently being taken to operationalize the Consulate General in Birmingham and a consular office in Belfast, to serve Northern Ireland.According to the release, the United Kingdom of Great Britain and Northern Ireland is one of Romania's most important trading partners, and the first in the ranking of the countries with which Romania is running a trade surplus (1.6 billion euros in 2023, and one billion euros in the first seven months of 2024).Total trade exchanges in 2024 are estimated at over 4 billion euros. In the first seven months of 2024, provisional data indicate a trade amount of 2.42 billion euros, marking an 8.84% increase in bilateral trade. According to the National Trade Registry Office, as of June 30, 2024, there were 7,011 trading companies with British capital registered in Romania.
Play Giurgiu, a festival for children and teenagers, will present a program of films, workshops, and other cultural activities in the southern Romania city of Giurgiu, which lacks a cinema hall. The event, taking place between June 27 and June 29, is organized by the animation festival Animest at the city's Tudor Vianu theater and […]
The cap on the commercial markup for basic foods will be extended by three months, until September 30, 2025, according to a draft emergency ordinance published on June 26 by the Ministry of Agriculture and Rural Development (MADR), Digi24 reported. According...
The first fiscal corrective package of the seven-year fiscal plan would be endorsed in an extraordinary session of the Parliament by the end of July, Romania's president Nicusor Dan said in Brussels after meeting European Commission's president Ursula von der Leyen. "As we agreed before the formation of the government, they [the first fiscal measures] […]
Romania’s car production declined by 6% year-on-year in the January–May 2025 period, totaling 231,181 vehicles, according to data released by the Romanian Automobile Manufacturers Association (ACAROM) on June 26. The drop occurred despite a significant rebound in May when output rose 20% compared to the same month last year. Of the total vehicles produced in […]
The European Commission estimates that progressive taxation levied on global income in Romania, with tax rates of 6%,12%, and 18%, would bring EUR 11.8 billion in revenues to the budget, according to an analysis consulted by Profit.ro....
Romania's largest lender, Banca Transilvania (BVB: TLV), announced it successfully raised RON 1.5 billion (EUR 300 million) with its first sustainable bonds issue in RON on the Bucharest Stock Exchange, which demonstrates the high interest of local investors, despite the uncertain economic context. The issue consisted of senior non-preferred bonds, having a maturity of […]
