The European path is worth "every effort", and Romania can offer Serbia "full support" and expertise in its EU accession steps, Foreign Affairs Minister Luminita Odobescu said Wednesday in a joint press statement with her counterpart in Belgrade, Marko Djuric, on a visit to Bucharest."We can say in all sincerity and looking at Romania's progress in recent years that the European path is worth every effort," the head of diplomacy said.Odobescu reiterated that the Western Balkans is a region of "strategic importance" for Romania.As far as bilateral economic relations are concerned, the Romanian minister pointed out that "there is still an important untapped potential"."We have reconfirmed our common will to contribute to boosting and diversifying bilateral economic cooperation in a way that will be felt by our societies," Luminita Odobescu mentioned.According to her, interconnection is the key word in the Romania - Serbia relationship."A positive example in the field of energy infrastructure is the signing of the memorandum on the implementation of the natural gas project," she said. The Timisoara - Belgrade motorway will have a "relevant" economic impact, Odobescu added. "Serbia has received and is receiving an extra impetus when it comes to European integration from Romania, for which I thank you very much," said Marko Duric, according to the official translation.He also stressed the importance of the motorway project that will link the two neighboring countries."For us, the construction of the motorway through Varset to Timisoara is very important and this motorway will facilitate the better integration of our societies," the Serbian minister said.He declared that accession to the European Union is "a basic priority" for his country. The two ministers signed a memorandum of understanding between the Romanian and Serbian diplomatic institutes. (Photo:www.mae.ro)
Play Giurgiu, a festival for children and teenagers, will present a program of films, workshops, and other cultural activities in the southern Romania city of Giurgiu, which lacks a cinema hall. The event, taking place between June 27 and June 29, is organized by the animation festival Animest at the city's Tudor Vianu theater and […]
The cap on the commercial markup for basic foods will be extended by three months, until September 30, 2025, according to a draft emergency ordinance published on June 26 by the Ministry of Agriculture and Rural Development (MADR), Digi24 reported. According...
The first fiscal corrective package of the seven-year fiscal plan would be endorsed in an extraordinary session of the Parliament by the end of July, Romania's president Nicusor Dan said in Brussels after meeting European Commission's president Ursula von der Leyen. "As we agreed before the formation of the government, they [the first fiscal measures] […]
Romania’s car production declined by 6% year-on-year in the January–May 2025 period, totaling 231,181 vehicles, according to data released by the Romanian Automobile Manufacturers Association (ACAROM) on June 26. The drop occurred despite a significant rebound in May when output rose 20% compared to the same month last year. Of the total vehicles produced in […]
The European Commission estimates that progressive taxation levied on global income in Romania, with tax rates of 6%,12%, and 18%, would bring EUR 11.8 billion in revenues to the budget, according to an analysis consulted by Profit.ro....
Romania's largest lender, Banca Transilvania (BVB: TLV), announced it successfully raised RON 1.5 billion (EUR 300 million) with its first sustainable bonds issue in RON on the Bucharest Stock Exchange, which demonstrates the high interest of local investors, despite the uncertain economic context. The issue consisted of senior non-preferred bonds, having a maturity of […]
