Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. UAE Romanian Business Council, officially launched in United...

UAE Romanian Business Council, officially launched in United Arab Emirates

November 9, 2023

 The UAE Romanian Business Council made its official debut in the United Arab Emirates, the aim of the association being to represent a bridge between the business environments of the two countries, to facilitate trade and mutual investments, to facilitate the evolution from simple commercial transactions to establish lasting and impactful partnerships, a press release reads.The launch event was attended by over 400 guests, including politicians, personalities from the two countries and entrepreneurs: Sheikh Hamdan bin Khalifa bin Hamdan Al Nahyan, Sheikha Dr. Hind Al Qassimi, Sheikh Khalid bin Abdullah Almualla, Romania's ambassador to the UAE, Octavian Badica, senators Ciprian Pandea and Viorel Badea, deputy Marius Margarit."We see a growing dynamic between the private sectors of both countries. What we see is from business to business, with economic and investment potential. This gave birth to the Business Council. What we see here is the power of experience and the community of connected people, willing to share the knowledge and expertise they have for new corridors (...) between Romania and the United Arab Emirates," the Romanian ambassador to the UAE, Octavian Badica, said.In his turn, the president of UAEROBC, Marius Marinoff, told the WAM news agency that the main objective of establishing this council is to intensify the cooperation between the business communities of the two countries and to realize the vision of the two presidents - Mohamed bin Zayed Al Nahyan, the president of the United Arab Emirates, and Klaus Iohannis, the president of Romania - to stimulate investments and commercial exchanges between Romania and the UAE, aiming to reach 100 billion dollars."This council will bring numerous benefits to several economic sectors in both countries and will contribute to the development of trade and mutual investments," the honorary president of the UAE Romanian Business Council, Sheikh Hamdan bin Khalifa bin Hamdan Al Nahyan, said.Sheikha Dr. Hind Abdul Aziz Al Qasimi, founder and president of Emirates International Business Club, highlighted the essential role of business councils as means of communication between Emirati entrepreneurs and their global counterparts and urged local companies to explore opportunities in Romania. At the same time, she emphasized the importance of diversity and emphasized the quality of investments and the potential for fruitful partnerships, noting that the Romanian entities in the Emirates were already familiar with the local market, a fact that increases the prospects for collaboration. (Photo: www.wa.ae)

The text of this article has been partially taken from the publication:
http://actmedia.eu/daily/uae-romanian-business-council-officially-launched-in-united-arab-emirates/105343
Read in full - click here
Romanian PM reportedly opposes further extension of food price capping mechanism

Romania’s prime minister Ilie Bolojan reportedly opposes the idea of further prolonging the price-capping mechanism introduced in August 2023 and repeatedly extended so far, according to Ziarul Financiar. Ambiguous statements over the weekend indicated an incipient conflict among the ruling coalition’s...

Union leaders meet Romanian prime minister after protest against staff cuts

Several thousand civil servants rallied in Bucharest on September 15 to oppose government reform plans that would reduce public administration staff, Radio Romania Actualități reported. Protesters gathered in Victoriei Square before marching to the Palace of Parliament,...

Moldova launches new stock exchange with support from Bucharest Stock Exchange

A memorandum establishing a new stock exchange in the Republic of Moldova was signed on September 15 in Chișinău, with the Bucharest Stock Exchange (BVB) set to play a key role as shareholder and technology partner, according to Bursa.ro. The new Moldovan exchange will run...

Budget of special pensions in Romania up 16% y/y to EUR 340 mln in 2024

The “service pensions”, also known as special pensions, paid to civilians (military not included in the report), cost the state budget and the state social insurance budget a total of RON 2.2 billion in 2024, over 22% more than in 2023,

Czech Tesla officially abandons plans for EUR 90 mln factory in Romania

The Czech company Tesla has officially announced to the government and local authorities that it is abandoning the project to build the energy storage factory in Brăila, an investment of EUR 90 million that was also to receive state aid, according to

Romania's wage growth eroded by inflation in July

Romanian households' purchasing power has deteriorated in July, both as a result of slower nominal advance (+5.2% y/y, the weakest in four years) but also because of a sharp rise in inflation (7.68% y/y) following the VAT rate hike, according to data published by the statistics office INS. The average net wage dropped by 3.0% […]