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.
The agency plans to expand its team and reach a turnover of EUR 450,000 by year-end. June Communications (JUNE), a business-to-business PR and integrated communications agency, has appointed Bianca Caragea as its new Operations Manager. The step strengthens the agency’s management team as it enters a new stage of growth after seven years of sustained […]
The Babeș-Bolyai University of Cluj-Napoca (UBB) has established an endowment fund, which the institution described as a "strategic" financial mechanism aimed at supporting academic excellence and ensuring the long-term sustainability of university projects. The initiative is a first of its kind in the local academia, UBB said. The endowment fund involves attracting donations/financial resources and […]
Romanian authorities are reportedly considering imposing an access fee for the Transfăgărășan mountain road. The funds would be used for setting up decent parking areas, selecting merchants, and similar initiatives. The beautiful, winding road is one of the most visited tourist attractions in the country. Local authorities say the funds from an eventual toll would […]
Colombian reggaeton superstar J Balvin will perform in Dubai for the first time this November, headlining Untold, the globally recognized festival born in Romania. The event will take place from November 6 to 9 at Dubai Parks and Resorts, featuring more than 100 international acts across five stages. The festival is staged in partnership with […]
More than 17% of Romania’s population faced severe material and social deprivation last year, which was one of the highest shares in the EU, according to the statistical bureau of the European Union - Eurostat. In 2024, 6.4% of people in the European Union faced severe material and social deprivation, a slight decrease compared to […]
The Freedom and Respect for Every Earthling association will hold the March for Animal Rights in Bucharest on October 4, to mark International Animal Day. The march will start at 11 AM at the National Theater Park, and will go on to Piața Victoriei. Organizers say they aim to bring to the forefront the suffering […]
