At the invitation of Mr.Khaled Sharaf, Charge d'Affaires and interim of the Embassy of the Syrian Arab Republic in Romania, the President of the Chamber of Commerce and Industry of Bucharest (CCIB), Mr.Iuliu Stocklosa had a meeting with the Minister of Economy and Industry, Mr.Mohammad Nidal al-Shaar. During the meeting held at the headquarters of the aforementioned diplomatic mission, the CCIB president appreciated the important changes in Syria, expressing his hope that they will lead to the consolidation of bilateral economic relations with Romania.On this occasion, Mr.Iuliu Stocklosa stressed the importance of cooperation between the chambers of commerce and industry, which will contribute to facilitating contacts between the business environments of Romania and Syria, with an impact on the growth of trade, for the benefit of both states. According to the president of the Chamber of Commerce Bucharest, the Romanian companies can get involved in the modernisation of the industrial complexes in Syria, built by the Romanian specialists in the 70's and 80's such as refineries, cement and phosphate factories, electrification stations, etc. Iuliu Stocklosa alos invited the Syrian companies to develop business in our country, benefitting from the facilities offered by Romania to foreign investors, as well as the opportunities coming from its EU membership . The Minister of Economy and Industry of Syria expressed his willingness to facilitate the contact and support signing of agreement between CCUIB and the Damascus Chamber of Commerce and Industry. Similarly, he addressed the CCIB president the invitation to pay a visit to Syria's capital city, together with Romanian business people who could contribute to the development of industry in his country with new technologies, know-how and investments. According to the senior Syrian official, the participation of the Romanian companies to Damascus International Fair (27.08 - 05.09.2025)will offer important opportunities to promote products and services, as well as partnerships in the reconstruction of Syria. In 2024, the value of Romanian-Syrian commercial exchanges was modest, reaching only five million USD (-38% against the previous year), out of which export was three million USD (-29%) and import 2 million USD (-48%). (Photo:https://ccib.ro/)
President Nicusor Dan signed on Thursday the decree appointing Prime Minister Ilie Bolojan as interim Vice Prime Minister on the areas coordinated by Dragos Anastasiu, the Presidential Administration informed.On 27 July, Dragos Anastasiu announced he was stepping down from the vice prime minister office, mentioning that he could no longer accept "being denigrated and thus […]
Prime Minister Ilie Bolojan continued consultations on Thursday with representatives of the Association of Communes of Romania, telling them there is a strong chance to overcome the current difficult period if the approach of "responsibility toward public funds" is maintained."The reform of local public administration will be part of the second package of government measures […]
Financing the National Recovery and Resilience Plan (PNRR) projects will continue for those already initiated and will stop only in case investment has not begun, where not a single euro was spent for construction, Development minister Cseke Attila explained on Thursday. “PNRR will not stop, neither will financing investments which have already been initiated, […]
The Justice Ministry announced on Thursday having developed in cooperation with the Finance Ministry and the National Tax Administration Agency a set of proposals to amend the Insolvency Law, which will be included in the second reform package.Some of the amendments provide for a higher recovery rate of the taxes and fees owed by insolvent […]
Romania is in the antechamber of recession, with the risk that its economy will decline in the third or fourth quarter, especially amid an increase in taxes, a significant drop in sales and record inflation at European level, says business consultant Adrian Negrescu."We are currently in the antechamber of recession. It is a moment […]
The Ministry of Culture announced on Thursday that is set to adapt national legislation for enforcing the European Media Freedom Act (EMFA), which supports media pluralism, editorial responsibility, protects journalists from abusive surveillance and intimidation, and provides protection for sources.According to a Culture Ministry release, the implementation in Romania of Regulation (EU) 2024/1083 of the […]
