Foreign Minister Luminita Odobescu on Friday had a meeting with UN Assistant Secretary-General for Europe, Central Asia and the Americas Miroslav Jenca, in which context she underscored that Romania would further ensure secure export corridors for Ukrainian grain.According to a Romanian Foreign Ministry (MAE) release, Odobescu reiterated Romania's support for the peace formula proposed by Ukraine's president, as "a unique framework that can lead to a just and sustainable peace."Furthermore, the Romanian minister reaffirmed the support for the activities of the Department of Political and Peacebuilding Affairs within the UN Secretariat, as well as Romania's constant commitment to supporting the UN, the rule-based international order and efficient multilateralism.In the perspective of marking two years since the launch of Russia's war of aggression against Ukraine, the Romanian official highlighted "the imperative of the international constant support for Ukraine." She stressed as well the need of a solid and continuous support for the Republic of Moldova aimed at managing the hybrid challenges, in the context in which Russia is resorting to destabilising and compromising actions against the European path of this country.The agenda of UN Assistant Secretary-General for Europe, Central Asia and the Americas Miroslav Jenca also included consultations at the Romanian Foreign Ministry with secretary of state for global affairs and diplomatic strategies Traian Hristea and with secretary of state for strategic affairs Iulian Fota. As part of the discussions topics of a regional and global interest were approached, including Russia's war of aggression against Ukraine, the security situation in the Black Sea area, the developments in the Western Balkan region, Eastern Europe and the Republic of Moldova.
Romanians are preparing to spend more this Christmas compared with last year, according to a new Raiffeisen Bank study conducted in partnership with research platform Appinio. The survey showed that 65% of respondents expect higher holiday expenses in 2025, while 26% anticipate spending similar amounts to 2024. Half of those surveyed allocate between 25% and […]
Romania’s Electric Castle was named ‘International Festival of the Year’ at the 20th edition of the UK Festival Awards. The Romanian event triumphed over major international contenders, including Afro Nation (Portugal), Beyond The Valley (Australia), Open’er Festival (Poland), Sziget Festival (Hungary), and Way Out West (Sweden),
President Nicuşor Dan, on December 4, returned to Parliament amendments tightening Romania’s law against extremism, arguing that several provisions are vague and risk enabling abuses, according to a statement released by the Presidency. The Constitutional Court had previously upheld the amendments after the Presidency challenged them, prompting criticism from organisations within the Jewish community. By […]
Fitch Ratings on December 4 affirmed the long-term Issuer Default Rating (IDR) for Romania's largest lender, Banca Transilvania (BVB: TlV), at BBB- with a negative outlook, in line with the country's sovereign rating. The price of the bank's shares rose 1.2% on the day the rating agency announced its decision, bringing the bank's market capitalisation […]
The Romanian authorities will only supervise the operations at Lukoil’s Petrotel refinery and not be involved in its management until a new owner is found, according to an emergency ordinance approved by the government in Bucharest this week, as reported by Hotnews.ro. Russian group Lukoil is seeking buyers for its...
The ‘5 to go’ coffee shop chain announced the signing of a partnership with the national gas station network RO concept OSCAR, owned by businessman Alin Niculae, according to Economica.net. The gas station network has reached 120 strategically distributed stations nationwide, of which more than 90 are franchised under the RO concept...
