Constanta port could become an important logistic hub in the movement and storage of goods brought from UAE for the European market, according to Mihai Daraban, the president of the Chamber of Trade and Industry of Romania (CCIR). On Monday, Daraban met met Khalid Al Marzooqi, vicepresident for development Khalifa Economic Zones Abu Dhabi (KEZAD). KEZAD is the largest integrated economic area in UAE, supplying a large range of business services, staff accommodation and industrial real estate solutions. “Romania and UAE need a strong economic relations, having in view elements of mutual interest which could lead to economic growth by both parties. Thus, Constanta port represents a good investment opportunity, since it is the largest multi-functional Black Sea port. Constanta port could become an important logistic hub in the movement and storing of goods coming from UAE for the European market. Constanta port offers facilities for new investments, ensuring at the same time a strategic position opening to Central and Western Europe through the Danube river corridor,” Mihai Daraban pointed out. According to him, the value of commercial exchanges between the two states, at October 2023 level, was 396 million euros, very close to the total amount at the end of 2022. In context, Daraban pointed out there was an important growing potential for the development of joint projects with the UAE party. “Romania represents a trustworthy commercial partner for UAE, a fact that determined us to establish a direct connection with the Chamber of Trade and Industry of Romania,the most important promotion vector of business in your country. We could thus develop may projects in partnership with Romanian entrepreneurs, KEZAD Group being present in 12 commercial areas in Abu Dhabi, Al Ain and Al Dhafra Region. We have ver 50,000 employees and operations in 40 countries, among which Turkey, India and Indonesia, while in Europe we have been operating in 11 ports. At present, 611 UAE companies activate in Romania and the value of direct investments at the end of 2022 was 469 million euros. With the business contacts established tday we want to improve these figures and develop a long term economic relation with Romania,” said Khalid Al Marzooqi.
June is the richest month. The most awaited two weeks in my annual festival pilgrimage. The route starts with Romania’s Transilvania International Film Festival (TIFF), followed by Italy’s (and the world’s) most comprehensive festival for restored and archival film: Il Cinema Ritrovato. To shake up the traditional article on the two, I’ll start with the […]
Different Beauty, a recently opened exhibition of works by Czech photographer David Těšínský, offers a glimpse into everyday life in the war-torn region of Donbas in 2017. The photos were taken within the span of only a few days, as Těšínský traveled to eastern Ukraine to document the lives of women impacted by war. In […]
Different Beauty, a recently opened exhibition of works by Czech photographer David Těšínský, offers a glimpse into everyday life in the war-torn region of Donbas in 2017. The photos were taken within the span of only a few days, as Těšínský traveled to eastern Ukraine to document the lives of women impacted by war. In […]
Roughly 70% of Romanians are “very” or “moderately” concerned about how AI accesses and uses their data, according to the latest survey conducted by RoCoach in partnership with Novel Research between May and June 2025. Distrust in automated decision-making and the demand for regulation are becoming more pronounced, as Romania rolls out major digitalization projects […]
The Armenian Street Festival returns for a 9th edition between August 1 and 3, 2025, in the “Dimitrie Brândză” Botanical Garden in Bucharest. The festival brings into focus the living heritage of the Armenian community in Romania and the diaspora. According to the organizers, this year’s edition aims to strengthen the Bucharest–Chișinău–Yerevan cultural axis, articulated […]
The Romanian mergers and acquisitions market registered a total of 122 announced transactions in the first half of 2025, with a value exceeding EUR 2.7 billion, marking a slight increase of 6% in volume and 4% in value compared to the same period last year, according to an analysis by George Ureche, partner at PwC Romania. […]
