Romania and Kuwait have opportunities for collaboration in numerous areas of interest, such as the defence industry, which will help increasing the competitiveness of the two states, according to a press release of the Ministry of Economy, Entrepreneurship and Tourism (MEAT) sent on Wednesday.According to the same source, the Minister of Economy, Stefan-Radu Oprea, on Tuesday, August 27, received the Kuwaiti ambassador, Talal Mansour Alhajeri. The two officials discussed the strengthening of bilateral collaboration, both through joint governmental projects and through partnerships between the business environment of the two countries.The foreign official supported the idea of organizing a joint collaboration committee, to discuss topics of interest related to partnerships in the areas of trade, investments and SMEs.For his part, the Romanian minister mentioned that, at present, there are numerous opportunities for collaboration in several areas of interest for both parties, such as that of the defence industry, where Romania focuses on the transformation of the national profile industry and on increasing competitiveness.Also, Oprea emphasised that Romania represents a favourable ecosystem for the development of partnerships in the IT field, holding a privileged position in terms of the number of certified IT specialists per thousand inhabitants - 1st in Europe and 6th worldwide.At the end of the meeting, both sides concluded that it is necessary to organize events and business forums that would give the business environment of the two countries the opportunity to deepen the already existing dialogue and collaboration in order to start new projects.
Exim Banca Romaneasca diversifies its product portfolio and launches the Mastercard World card in EURO, a tool that enhances the payment experience for people who travel or work abroad, offering premium advantages, benefits, and rewards. The new EURO card from Exim Banca Romaneasca has as its main advantage the reduction of costs associated with transactions...
A report by cybersecurity company Refute uncovered a large-scale international influence operation targeting Romanian diaspora voters on TikTok ahead of the second round of Romania’s presidential elections on May 18. The report identifies approximately 32,500 TikTok videos containing slogans promoting the populist candidate George Simion and former candidate Călin Georgescu. Many of these videos are […]
Romania's gross domestic product (GDP) remained largely unchanged in the first quarter of 2025 compared to the previous quarter, according to flash estimates published on May 15 by the National Institute of Statistics (INS). The economy recorded a growth of 0.2% in gross series and 0.5% in seasonally adjusted series compared to the same quarter of […]
Iulius Mall Suceava has officially inaugurated its EUR 40 million expansion that transformed it into “the largest retail and entertainment hub in northern Romania,” according to the official announcement. Developed by IULIUS and Atterbury Europe, the project adds 16,500 sqm of new retail space, bringing the mall's total area to 60,000 sqm. The expansion introduces […]
The European Bank for Reconstruction and Development (EBRD) announced the launch of the second edition of its Star Venture program in Romania this week, following a first edition in 2022. The program provides high-potential startups with business expertise and access to finance. After the round of applications, 10 promising startups were shortlisted to showcase their […]
Non-profit BookLand started building last year a pre-university, dual-system campus in the village of Vultureşti, in southern Romania’s Argeş county. The campus will train pupils in various specializations, allowing them to work in industries ranging from hotels & restaurants to retail and food. More on how the project got off the ground and what it […]
