Romania associates itself with the Declaration condemning Iran's ballistic missile program, drawn up under the auspices of the Proliferation Security Initiative, in which it is appreciated that Iran's program remains one of the biggest threats to non-proliferation efforts, the Ministry of Foreign Affairs (MAE) informs.According to the Declaration, states are urged to take all the necessary measures to prevent the supply, sale or transfer of materials, equipment, goods, technology and components of ballistic missiles, in order to protect peace and security in the region and outside it, MAE mentions."These measures include effective actions to prohibit the transfer from and to Iran of materials used in the construction of ballistic missiles, including materials used in the production of drones. It is also indicated the need to adopt clear procedures regarding the rapid exchange of relevant information regarding Iran's proliferation activities. The measures include reviewing and strengthening the capacity of national authorities to manage matters related to Iran's ballistic missiles and drones. Also, the document mentions the need for specific measures to uphold prohibitions on Iran's ballistic missile and drone development programs," the Ministry also said.The quoted source mentions that the Declaration is issued in the context of marking, on October 18, 2023, the transition stage - Transition Day, 8 years after the adoption of the Comprehensive Plan of Action (JCPOA) with Iran, according to Resolution 2231 of the UN Security Council.MAE reminds that on Wednesday part of the sanctions imposed on Iran expire according to UN Security Council Resolution 2231. The resolution, adopted unanimously on July 15, 2015, endorsed the Joint Comprehensive Plan of Action (JCPOA) and established the IAEA inspection program on Iranian nuclear facilities, in parallel with the preparation of lifting of UN sanctions on Iran. Given Iran's repeated violation of the JCPOA, UN sanctions will only be included in autonomous sanctions packages of states that share concerns about Iran's nuclear and ballistic programs, including EU member states, the Ministry of Foreign Affairs points out.
Romania’s ruling coalition will make a final decision on the magistrates’ pensions law after president Nicusor Dan meets magistrates on November 18 and will most likely promote the law on public administration employment in Parliament next week, according to media reports from prime minister Ilie Bolojan and other sources familiar with the negotiations. The coalition […]
The restaurant chain with entirely Romanian capital, City Grill Group, announced that it ended the first ten months of the year with a turnover of EUR 63.5 million, up 13% compared to the same period last year. The results "confirm the group's stability in a year marked by challenges for the hospitality industry and consolidation," […]
Sphera Franchise Group (BVB: SFG), Romania’s largest food service operator, reported record third-quarter results for 2025, marking its strongest Q3 performance to date in terms of sales and profitability. The company said on November 17 that the improvement reflects stricter cost discipline and rising contributions from its operations in Italy and the Republic of Moldova. […]
Hidroelectrica (BVB: H2O), the largest state-owned company in Romania, recorded lower operational and financial results in the first nine months of 2025 compared to the same period last year, but in line with the amended budget approved on October 31. The company's net profit fell by 34% y/y, to RON 2.3 billion, and earnings per […]
State-controlled gas producer Romgaz (BVB: SNG) may officially submit a binding offer to acquire fertiliser plant Azomureș by the end of the year, provided the final stages of its due diligence process confirm the financial, legal, and operational feasibility of the transaction. The update was provided by Gabriela Mareș, Romgaz's Director of International Relations and […]
Turkish group Tosmur Grup is close to completing a second production unit at its starch factory in Medgidia, an investment of EUR 86 million that will double the site’s current capacity by the end of this year, Ziarul Financiar reported. The project expands the company’s operations in southeastern Romania,...
