Foreign Minister Luminita Odobescu had a telephone conversation on Tuesday with her Turkish counterpart Hakan Fidan, during which she congratulated the Turkish side on the occasion of the centenary of the Republic of Turkey and stressed the "particular importance" of the strategic partnership between the two countries.According to a Foreign Affairs Ministry (MAE) press release on Tuesday, Luminita Odobescu reconfirmed the importance of strengthening the bilateral Romanian-Turkish relations based on a consistent political-diplomatic dialogue and a substantial economic cooperation, stressing the particular importance of the Strategic Partnership between Romania and the Republic of Turkey.The two officials exchanged views on the security situation in the State of Israel and the Gaza Strip, stressing the need to ensure the provision of humanitarian support to the population of the Gaza Strip.At the same time, it was agreed that greater coordination should be achieved with a view to the immediate and unconditional release of all hostages and the prevention of the risk of an escalation of violence in the region, the MAE said.The two dignitaries agreed to maintain close coordination on topical issues of the international and regional agenda, with a focus on the security situation in the Black Sea, the press release added.
Romania’s profit share, defined as the proportion of value added distributed by non-financial corporations to capital rather than labour, fell for the second consecutive year to 48.1% in 2024, Eurostat reported on December 7. The ratio was 40.0% on average in the European Union, with below-average ratios in more developed countries such as France (32.2%) […]
The pension law "brutally violates the independence of the judiciary" and "de facto eliminates the service pension for magistrates," according to the reasoning published by the High Court (ICCJ) along with its decision to refer the magistrates' pensions law to the Constitutional Court, Ziarul Financiar reported. ...
The Romanian state, in a document on December 5, expressed its intention to take full control of the National Airports Company of Bucharest (CNAB), which operates Otopeni Airport and Baneasa Airport, where the minority shareholder Fondul Proprietatea has a 20% stake, Ziarul Financiar reported. The...
Romania's Interministerial Committee for Supporting the Implementation of Reform 9 (CNR9), led by deputy prime minister Oana Gheorghiu, has selected 17 state-owned enterprises from a total of about 1,500 to undergo initial screening ahead of potential restructuring or liquidation. The decision marks the first stage of a wider overhaul programme announced by prime minister Ilie […]
The retail sales volume index in Romania recovered for the second consecutive month in October, when it increased by 0.9% m/m after the 1.3% m/m advance in September – but it was far from fully recovering the 4.0% m/m plunge seen in August as an effect of higher VAT rate enforcement amid already negative consumer […]
Romania’s total market production index (TMPI), a composite indicator compiled by Eurostat that combines four short-term business statistics indicators covering most of the market economy, increased by 4.2% y/y in Q3 - the sharpest rise in seven quarters (+0.3% y/y in Q2) and twice the 2.1% average advance in the European Union. The seasonally-adjusted index […]
