The mine clearance action in the Black Sea, carried out jointly by the naval forces of Romania, Turkey and Bulgaria, will be operationalized shortly, the Romanian prime minister Marcel Ciolacu said Tuesday, in a joint statement delivered alongside Turkish president Recep Tayyip Erdogan at the end of official meetings held at the Presidential Palace in Ankara."Both Romania and Turkey have significant investments in energy in the Black Sea. That is why it is very important for our countries to act together to ensure security in the Black Sea and protect these investments. It is for the first time when the allies bordering the Black Sea take the decision to jointly solve a serious problem of security and safety of naval transport," Marcel Ciolacu said."And here I want to congratulate president Erdogan for his leadership and vision. Turkey's remarkable efforts made possible that agreement to transit Ukrainian grain through the Black Sea, this effort being later taken over by Romania. I want Romania and Turkey to continue to act together, both in terms of assistance to Ukraine and in terms of involvement in post-war reconstruction," Ciolacu said."I also discussed with Mr. president the situation in the Middle East and we agree that we are facing a human tragedy in Gaza. It is our duty, as humans first of all, to ensure humanitarian assistance in the Gaza Strip and to contribute to stopping the loss of human lives among the civilian population," Ciolacu stressed."I also assured president Erdogan that Romania will continue to facilitate dialogue between Turkey and the European Union, both as a candidate state for accession and as a key partner of the EU in many important areas," Ciolacu added.
Simtel (BVB: SMTL), an engineering and technology group listed on the Main Market of the Bucharest Stock Exchange, announced on Thursday, June 19, that the Romanian Financial Supervisory Authority has approved the base prospectus for a corporate bond program of up to EUR 30 million. The program allows Simtel to issue bonds in multiple tranches […]
Romania's efforts to stabilize its fiscal position and finalize a new ruling coalition have been delayed after president Nicușor Dan rejected a proposed VAT rate increase central to a budgetary corrective package agreed by the four pro-Western parties,
A sword that may date back to the Bronze Age, roughly 3,500 years ago, was found following searches carried out in a case of aggravated theft, in the commune of Corbasca, Bacău County. The searches targeted the home of a 61-year-old man suspected of illegally possessing a cultural asset likely to be part of the […]
The construction works volume in Romania decreased by 0.5% y/y in gross terms and by 2.8% in workday and seasonal adjusted terms in April, after it boasted a robust 10.6% y/y advance in Q1 (largely on low base effects), according to data published by the statistics office. By type of construction, engineering works—representing approximately 45% […]
Romania's economic sentiment rebounded sharply in May following the presidential election victory of pro-Western candidate Nicușor Dan, according to data published by the CFA Romania Society on June 19. The recovery comes after a significant decline in April amid fears of a potential win by isolationist candidate George Simion. After the recovery in May, the […]
Salt Bank has appointed Vikram Tikoo as its new Chief Technology Officer, marking a significant step forward in the company's pursuit of its digital banking vision. The appointment will take effect once approved by the National Bank of Romania. Vikram has extensive international experience delivering technology solutions on a global scale. He will help enhance […]
