Romania's Foreign Minister Luminita Odobescu on Wednesday welcomed Canada's special envoy for the EU and Europe Stephane Dion for an exchange of views on the crisis generated by the Russian aggression against Ukraine, as well as the one generated by the Hamas terrorist attacks against Israel on October 7.According to the Romanian Foreign Ministry (MAE), Odobescu highlighted the importance of keeping up transatlantic unity and co-operation with international partners who share the values of democracy and human rights, in this particularly difficult context.At the same time, she reconfirmed Romania's firm position on providing support to Ukraine for as long as it takes.She also underscored the importance of implementing the decisions of the NATO Summit in Vilnius regarding forward presence and the consolidation of the eastern flank, along with the need for increased attention of the transatlantic partners to the Black Sea region, a space of strategic importance, materialised aslo by sustained support for Moldova.Odobescu reiterated the importance of continuing NATO support to Romania to reduce the risks on the border with Ukraine amidst Russia's attacks on Ukraine.In his turn, Dion commended Romania for its efforts related to Ukraine, which are extremely well perceived in Canada, a country where a very large Ukrainian community lives.The two officials pointed out the excellent state of the ties between Romania and Canada, both bilaterally and multilaterally, with emphasis on close co-operation within NATO and the EU-Canada format."From a bilateral perspective, Ambassador Dion underlined the importance of energy co-operation, where Canada's involvement is traditional, substantial and consolidated. Collaboration in the civil nuclear power sector, including transition towards less polluting energy sources, is an area of excellence and reflects the complex nature of the bilateral relationships,' according to MAE.
CTP, Europe’s largest listed developer, owner and operator of logistics and industrial real estate by gross leasable area, has signed an agreement with LEROY MERLIN Romania, retailer specializing in construction, home improvement, decoration, and gardening, to expand its regional distribution centre at CTPark Bucharest West to 48,500 sqm. The announcement was made during the groundbreaking […]
Fondul Proprietatea (BVB: FP) on May 15 exercised its preemptive right and subscribed 5,632,510 new shares in the National Company Administration of Maritime Ports (CNAPM), with a nominal value of RON 10 per share and a total value of RON 56.3 million (EUR 11 million), according to a report published on the Bucharest Stock Exchange […]
The Galati Court approved the amended plan to sell the assets of Romanian steel group Liberty Galati (under pre-insolvency procedures), thus paving the way for the resumption of the auction for one of the most important industrial assets in Romania, the consortium of practitioners Euro Insol – CITR announced on Monday, May 18. The auction […]
The creditors of the Romanian bankrupt shipyard Mangalia will meet on Friday, May 22, to vote on a new sale strategy consisting of at least 6 monthly auctions for the sale of the shipyard, starting from the going concern valuation of EUR 168 million, according to Economica.net. ...
Fitch Ratings upgraded the long-term issuer default rating (IDR) of Banca Transilvania (BVB: TLV) from BBB- to BBB, placing the lender one notch above Romania’s sovereign rating. Banca Transilvania, listed on the Bucharest Stock Exchange, is the largest bank in Romania by assets. “Fitch Ratings considers Banca Transilvania to be more resilient than the environment […]
Romania’s National Road Infrastructure Administration Company (CNAIR) has lost an arbitration dispute against Italian construction group Impresa Pizzarotti over delays affecting Lot 1 of the Sebeș–Turda motorway project, according to information published by
