Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Kazakh deputy prime minister in Bucharest: Romania is...

Kazakh deputy prime minister in Bucharest: Romania is a top partner in terms of investments, trade

January 11, 2024

  Romania represents a "top partner" of Kazakhstan in terms of investments and trade, the minister of Foreign Affairs of this country, deputy prime minister Murat Nurtleu, declared on Tuesday, during a press statement held at the Ministry of Foreign Affairs headquarters.According to him, the discussions with the minister of Foreign Affairs, Luminita Odobescu, were "significant" and "substantial", practical steps being identified in order to strengthen relations in the political, economic, scientific and cultural fields."Our countries have developed a very good tradition of mutual support, as well as effective collaboration within the UN and within the OECD. When it comes to the European Union, we look forward to continuing our joint work in implementing the objectives we have and which are included in the extended partnership between Kazakhstan and the EU and the European strategy for the South Caucasus. We are committed to expanding the Kazakh-Romanian partnership. (...) Today, Romania is one of the top investment and trade partners in Kazakhstan - fifth in the EU and number 12 globally," he said.Murat Nurtleu specified that, in the last ten months, bilateral trade increased by 9.5% and exceeded 2.3 billion dollars, under the conditions in which 97% of commercial exchanges concern oil refineries. Exports of goods to Romania represented 500 million dollars."Goods such as nuclear energy, chemical products, food products, mechanical engineering and construction have a very high potential. In addition, we offer the Romanian business community opportunities for transit and logistics and technological and material modernization in Kazakhstan," the minister said.Imports from Kazakhstan to Romania reached 37% of the consumption of Romanian refineries."We are committed to maintaining this level, as strategic and investment partners. Exports from Kazakhstan represent 10% of Romania's imports in terms of energy and we thus contribute to the energy security, not only of Europe, but also of Romania," he stated."We will focus on transport and other areas, especially we want to work together on the Trans-Caspian transport road, also known as the median corridor to the Caspian Sea. (...) We want to integrate our logistics and infrastructure to serve the interests of Kazakhstan and Romania. Our seaport and the port of Constanta are the best examples of such cooperation. We expect the 17th meeting of the inter-governmental committee in Bucharest to give even more impetus to the implementation of many promising projects," he stated.   In turn, Romanian  Foreign affairs minister, Luminita Odobescu, underlined on Tuesday at a meeting with the foreign minister of the Republic of Kazakhstan, deputy prime minister Murat Nurtleu, who is visiting Romania, the importance of Kazakhstan in terms of its contribution to Europe's energy security and its geo-strategic relevance for the transport corridors connecting Europe and Asia."During today's discussions we reconfirmed our support for a faster development of an international transport route between the Black Sea and the Caspian Sea. This route will allow a greater flow of goods and services between Europe and Asia via the South Caucasus and Central Asia, transforming our Black Sea and Caspian Sea ports into important hubs between East and West," Odobescu said.The talks were aimed at "actively strengthening" bilateral dialogue and deepening cooperation in areas such as transport and energy."We agreed to maintain this positive momentum and further deepen bilateral cooperation in areas of special importance, such as transport and energy. Our joint commitment is reflected in the joint declaration we signed today on our expanded dialogue and cooperation," said the Romanian foreign minister.Luminita Odobescu reiterated Romania's "clear position regarding the war of aggression" of the Russian Federation and our country's "firm and multidimensional support" towards Ukraine.

Read in full - click here
Homedit opens its first premium furniture and decoration showroom in Bucharest

Homedit, a Romanian brand of premium furniture and home décor, announces the official opening of its first showroom, located in an interwar house in central Bucharest ("The Bamboo House”, located at No.3, Dumbrava Roșie St.).  With a total investment of approximately EUR 12 million, the business was founded in 2016 as an online store by […]

Romania events: Theater festival brings international productions, parades, and live music to Sibiu

The 32nd edition of the Sibiu International Theatre Festival (FITS) begins on Friday, June 20, bringing over 5,000 artists from 82 countries to the city. The events will take place over ten days and will transform the city into an "open-air stage, with large-scale productions, impressive installations, parades, fire shows, live music, aerial dances, and […]

Romanian mountaineer, conservationist Alex Găvan featured in special Discovery series

The well-known science and nature channel Discovery is currently marking four decades since its global launch in 1985 with a special series titled "Discovery Changed My Life,” bringing testimonies from personalities whose vision was shaped by Discovery. Among those featured is also Romanian mountaineer and conservationist Alex Găvan.  The series premieres on Sunday, June 22, […]

Meta Estate Trust puts EUR 2 million in retail park near Bucharest

Meta Estate Trust (MET), a holding company operating in the real estate sector, has invested approximately EUR 2 million in a new retail park currently under development in Ciolpani, a commune located on the Bucharest–Ploiești corridor (DN1), it said. The project is scheduled to be completed and handed over to tenants this year, with an […]

Cushman & Wakefield Echinox: Romania has many advantages for attracting investments in data centers

Romania benefits from a series of favorable factors that facilitate the growth and expansion of data center capacity and could emerge as a developing market, according to an analysis conducted by the real estate consultancy company Cushman & Wakefield Echinox.  A diversified energy mix, with over 50% of energy production coming from renewable sources, along […]

German group DEHN to open production facility in southern Romania

The German company DEHN, a manufacturer of electrical engineering solutions for critical infrastructure, including lightning and surge protection, as well as safety equipment, will open a production site in Piteşti, southern Romania. The facility, the company's first in the country, will expand its capacities to serve customers in Europe. It fits seamlessly into the company's […]