Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. ForMin Odobescu signs Joint Declaration affirming collective commitment...

ForMin Odobescu signs Joint Declaration affirming collective commitment to Ukraine at Ukraine - Southeast Europe Summit

November 7, 2024

Foreign Affairs Minister Luminita Odobescu participated on Wednesday in the Ukraine - Southeast Europe Summit held in Dubrovnik, and co-chaired by Ukrainian President Volodymyr Zelensk and Croatian Prime Minister Andrej Plenkovic, an event where the participating states adopted a Joint Declaration affirming "the collective unwavering commitment to continued, multifaceted support to Ukraine," the Foreign Ministry informs.A "solid, firm and articulated" political message of support for Ukraine and the Ukrainian people was sent during the Summit, representing equally an opportunity for an in-depth exchange of views regarding the multiple consequences, in terms of regional and European security, of the war of aggression launched by the Russian Federation against Ukraine, the cited release reads.In her intervention, Luminita Odobescu emphasized the strategic importance of building a just and comprehensive peace in and for Ukraine, which requires a dynamic combined effort of the entire international community, based on a constructive approach and oriented towards feasible results."It should be clear by now that Russia only understands the language of force. Every time we don't speak up or act, we give Russia reason to believe that we are faltering in our support for Ukraine. This is why we must remain strong and united, vocal in our support for President Zelensky's proposals, and also continue efforts to engage global partners. Romania will keep on doing this," Odobescu said.The Romanian top diplomat also drew attention to the "destabilizing actions of the Russian Federation in the Black Sea region, including with the aim of hijacking the European path of the Republic of Moldova", emphasizing in this context the importance of the Romania-Republic of Moldova-Ukraine trilateral cooperation."Romania, the Republic of Moldova and Ukraine have invested massively in improving our cross-border connectivity. These infrastructure projects, some with European funding or from international partners, others from national budgets, will generate long-term stability in the Black Sea region and beyond," Odobescu emphasized.During the debates, high-ranking officials from the participating states reaffirmed the importance of coordination and cooperation in view of the fast-paced continuation of the European integration process of Ukraine, the Republic of Moldova, as well as the Western Balkans states, the Foreign Ministry also said.Odobescu also reaffirmed Romania's support for the European Union's enlargement process."The future of Ukraine, the Republic of Moldova and the Western Balkans is in the European Union. There is no real alternative to the economic growth and stability offered by the European Union. The enlargement policy is a strategic investment in the security, stability and prosperity of our entire region," the foreign minister concluded.  (Photo:www.mae.ro)

Read in full - click here
Romanian energy system operator Transelectrica reports 56% decrease in profit in January-September

The state-owned company Transelectrica (BVB: TEL), the operator of the Romanian national energy system, recorded a net profit of RON 183 million in the first nine months of the year, down 56% compared to the same period last year. Operating revenues fell by 2%, to RON 1.716 billion, mainly due to the decrease in revenues […]

Romanian medical network MedLife reports increased turnover under pressure from exchange rate

The private medical services operator MedLife (BVB: M) increased its turnover by 19.5% in the first nine months of the year, to RON 2.36 billion (EUR 464 million). However, the company reported a financial loss of RON 6.3 million (EUR 1.2 million) as a result of the rise in the exchange rate. The company turnover […]

Construction progresses on new 10,800 sqm building at CTPark Oradea North

CTP, a leading developer, owner, and operator of industrial and logistics properties in Europe, is moving forward with the construction of a new 10,800 sqm building at CTPark Oradea North, further expanding its presence in western Romania. With this addition, the company’s development pipeline in Oradea now exceeds 100,000 sqm of gross leasable area. Located […]

Romania’s BID joins EIF-led regional innovation fund with EUR 20 mln commitment

The Romanian Investment and Development Bank (BID) has joined the Three Seas Initiative (3SI) Innovation Fund with a EUR 20 million commitment, becoming the fifth national promotional institution to back the EIF-led instrument. The fund, which backs growth-stage companies across Central and Eastern Europe, has now reached EUR 100 million in national contributions from Romania, […]

2025 marks record year for Bucharest’s luxury residential market, SVN report says

2025 will end with over 1,000 premium and luxury dwellings delivered in new residential projects from Bucharest and its surroundings, a record for the recent history of the local residential market, according to a market report issued by real estate consultant SVN Romania. The surge is driven by several medium- and large-scale developments, each featuring […]

Romanian nat gas pipeline operator Transgaz reports fivefold increase in net profit in first nine months

Transgaz (BVB: TGN), the operator of the national natural gas transmission pipeline system, has increased its consolidated net profit almost fivefold in the first nine months of the year, compared to the same period in 2024, rising from RON 144.7 million (EUR 28.5 million) to RON 682 million (EUR 134.1 million), according to the report. Transgaz’s […]