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)
Romania has signed a major contract with France for the acquisition of Mistral portable short-range air defense missile systems. The agreement was concluded on Tuesday, November 25, between Romania’s Ministry of National Defense and France’s Ministry of the Armed Forces and Veterans, through their respective General Directorates for Armaments. The acquisition is valued at EUR […]
The European Parliament called on November 26 for EU-wide rules to strengthen the protection of minors online, recommending a minimum age of sixteen for accessing social networks, video-sharing platforms, and AI chatbots, according to a statement from the institution,
The government of Romania will be empowered to establish, ex officio or upon request, by Government Decision, an extended surveillance regime over local companies strongly affected by economic sanctions imposed by other states, according to the legislative project prepared by the government, given that the situation of the assets held by the Russian giant Lukoil […]
The European Commission (EC) will reportedly give Romania four more months to appoint permanent management under competitive procedures at 48 state-owned enterprises (SOEs) in the energy sector, after the Romanian government agreed to double the fine paid by the country and the penalties charged to those responsible (ministers) if the milestone set under the Resilience […]
The Romanian banks boasted in 2025 virtually the same record aggregated net profit as in 2024, namely RON 11.6 billion (EUR 2.3 billion, -0.6% y/y) in January-September and RON 6.2 billion (EUR 828 million, -0.3% y/y) in Q3 alone, according to data published by the National Bank of Romania. The non-performing loan (NPL) ratio has […]
The Romanian Parliament approved the National Defense Strategy on Wednesday, November 26, with 314 votes in favor, 43 against, and three abstentions, following a joint session attended by president Nicușor Dan. The document will guide national security policy for the 2025-2030 period. During the parliamentary debate, Ana Maria Gavrilă, leader of the opposition party POT, […]
