Prime Minister Marcel Ciolacu announced on Saturday that Romania has taken up a role of maximum importance in ensuring the transit of Ukrainian grain towards international markets, and will increase its transport capacity."Romania took up a top important role in ensuring the passage of Ukrainian grain towards international markets, so that more than 60 percent of all these exports were made via Romanian transport corridors. In the coming period we envisage increasing the transport capacity, with the direct support of our international partners and of the European Union," Ciolacu said in an online address to the Kyiv International Summit on World Food Security.According to a government release, the prime minister emphasized Romania's key role in facilitating Ukrainian grain exports via the EU solidarity lanes. Ciolacu reaffirmed Romania's solidarity with Ukraine and congratulated his Ukrainian counterpart Denys Shmyhal for the excellent level of cooperation aimed at expanding land, rail, river and sea connections between the two countries."The head of the Romanian Executive condemned in the strongest terms Russia's illegal and unjustified attacks on Ukraine, which constitute war crimes. He also slammed the Russian air strikes in Ukraine, near the border with Romania, which affect the international grain transport infrastructure," the cited release mentions.The second international summit in Kyiv on world food security marks the importance of the humanitarian program "Grain from Ukraine" initiated in 2022 by Ukrainian President Volodymyr Zelensky, the cited source states.Nearly 30 senior officials, heads of state or government and foreign ministers from European countries, the USA, Japan, the Republic of Korea, Canada, the United Kingdom of Great Britain and Northern Ireland, representatives of EU institutions, UN Secretary General Antonio Guterres, as well as Secretary General of the Gulf Cooperation Council Jasem Mohamed AlBudaiwi attended the conference in person or online, professing direct support to global food security by ensuring the export of Ukrainian grain to international markets, and in particular to the most vulnerable countries.
AQUILA (BVB: AQ), the market leader in the field of integrated distribution and logistics services for consumer goods in Romania and the Republic of Moldova, reported an 11% increase in revenues in the first quarter of 2024 compared to the same period last year, to RON 624 million (EUR 125 mln). However, the company’s net […]
Emil Sâncrăian and Bogdan Haș, two former managers in top companies in the pharma and medical device industry, have started a business that will bring new perspectives to the medical industry in Romania. The two entrepreneurs have set up Global Med Care, a project that promises to redefine standards in the Romanian medical field. Focusing […]
Romanian prime minister Marcel Ciolacu stated during Thursday's government meeting that "some retailers have reduced product quantities but kept prices equally high.” He asked state authorities and regulators to conduct checks into the matter. The executive will also implement regulations following the French model, with visible indications of quantity reductions and modifications in terms of […]
New mortgage loans worth approximately EUR 1.1 billion were granted in the first three months of 2024, up about 29% compared to the level of Q1 2023, according to a market report released by financial consultant SVN Romania | Credit & Financial Solutions. Refinancings, conversions, transfers, and restructurings were excluded from this volume. In total, […]
The European Bank for Reconstruction and Development (EBRD) and the Bucharest Stock Exchange (BVB) will work together to review the Romanian market’s corporate governance code, aligning it with recent regulatory changes and updated global standards. The initiative is designed to help listed companies improve their governance and reporting quality. The reviewed Code will be aligning […]
Thing, the beloved character on Netflix’s hit show Wednesday, will be played by Romanian actor Victor Dorobanțu in season 2 as well. The first season of the show was shot in Romania, but production for the second season moved to Ireland. Thing was chosen by the production team to be the "influencer" sharing all the […]
