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.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
