Agriculture Minister Florin Barbu met on Wednesday with Israel's ambassador in Bucharest Reuven Azar, with the two officials discussing among others the access of Romanian meat and agri-food products to the Israeli market and solutions for the agricultural sector to stave off climate change, the Ministry of Agriculture said in a release.Talks focused on intensifying Romania - Israel cooperation on areas of common interest, so as to really benefits farmers. With climate change directly affecting the agricultural sector, the solutions sought refer to the responsible use of water for irrigation and drought-tolerant plant varieties. Also, the two officials looked at ways to simplify the certification procedure for kosher slaughterhouses in order to ease the access of Romanian meat and agri-food products to the Israeli market, with ambassador Azar mentioning that he has taken steps to obtain support for completing all the necessary formalities as quickly as possible.Regarding protected vegetable growing, the sides explored topics related to the use of new technologies, modern systems for the use of irrigation water in vegetable and fruit growing, the promotion of agri-food products.Preparations for the Israeli Minister of Agriculture's visit to Romania in October was another subject of discussion.At the end of the meeting, Reuven Azar invited Minister Barbu to participate in the Agritech Exhibition organized in Israel between October 17 - 19.Also on Wednesday, the Romanian Agriculture minister met with Spanish ambassador to Romania Jose Antonio Hernandez Perez-Solorzano, with talks covering the market situation and trade in agricultural products, amid support to European farmers affected by the conflict in Ukraine. Other topics referred to the future of rural areas and the Common Agricultural Policy, the new genomic techniques to strengthen the agricultural sector, under consideration of the climate change that increasingly affects both countries and the depopulation of villages. Regarding this problem that is topical for Romania too, Minister Florin Barbu declared that it needs to be tackled by the European Union so that a unitary strategy is devised.The Romanian minister also addressed the issue raised by Romania, and which rallied the support of other EU member states, regarding the application of a derogation from GAEC standards 7 and 8 in 2024. The Romanian official requested Spain's support in amending European legislation, so that the percentage of land left fallow is calculated nationwide, not per holding.The Spanish ambassador conveyed the support of the Spanish EU Presidency and mentioned that Romania is a strategic partner of Spain, as the two peoples share a lot in common, and the authorities of the two states are in permanent dialogue.
The Praid Salt Mine, in central Romania, is still closed to tourists due to the flooding that took place following last week’s rains. Salt extraction activities are also halted due to the risk of collapse, while efforts are underway to remove the water accumulations. The management announced last week that the salt mine is temporarily […]
Romania’s Competition Council has approved the acquisition of Karamolegos Bakery Romania by Vel Pitar, a company fully owned by global bakery group Bimbo, the authority announced on May 12. Karamolegos Bakery Romania is involved in the production and sale of packaged bread under brands such as KB Toast, KB Selected, and Mândra. It also supplies […]
The National Bank of Romania (BNR) probably spent/sold EUR 6 billion of its foreign exchange reserves to prop up the local currency (leu) last week after the victory of far-right presidential candidate George Simion in the first round of elections, which led to the collapse of the government, according to an analysis by Austrian bank […]
Romania’s foreign trade deficit (goods) widened by 27% y/y to EUR 8.45 billion in Q1, according to data published by the statistics office INS. Exports rose by 2.7% y/y while imports surged by 8.1% y/y. Romania’s deficit in foreign trade in goods has reached EUR 35.2 billion in the four quarters to March 2025, or […]
Romania’s Treasury has launched new issues of government bonds under the Tezaur and Fidelis schemes, paying yields of 6.75% (1-year) to 7.8% (5-year) for the local currency debt and up to 6.25% (7-year) for euros. After the Treasury raised RON 21.4 billion (EUR 4 billion) under the two schemes year to date, the households’ demand […]
Romania’s Treasury on May 12 placed RON 540 million (EUR 100 million) of Government bonds on the domestic market at an average yield of 8.45% by reopening an issue that matures at the end of July 2026, according to the National Bank (BNR). The yield is 1.5 percentage points up from roughly two weeks earlier, […]
