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)
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
