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
Deloitte Romania assisted AQUILA, leader in distribution and logistics services for the consumer goods market, in the acquisition of Romtec Europa, producer of car care fluids and aerosols

Deloitte Romania assisted AQUILA, leader in the integrated distribution and logistics services for the fast-moving consumer goods market in Romania and the Republic of Moldova, in the acquisition of Romtec Europa, the company that produces car care fluids and aerosols. The transaction, valued at 3.2 million euros, was signed in December 2023 and completed recently, following approval from […]

Timiș - among the top counties with high agricultural potential CBRE Romania Analysis: Business Opportunities and Alternative Investment Perspectives

CBRE Romania, the leader in providing commercial real estate services, launches an analysis regarding the business potential and alternative investment and development opportunities in Timiș County. According to the analysis, Timiș stands out as a vital centre of Romanian agriculture, ranking first in agricultural area with 693.034 hectares and second in organically cultivated land area. […]

Romania, a profitable destination with over 4.5 million sqm of retail modern space at the end of 2024.

By the end of 2024 the stock of modern retail spaces will overpass 4.5 mln. sq. m setting a new record for Romania. Circa 186,000 sq. m could be added to country’s modern retail stock if taking into consideration under-construction projects. The popularity of the specialized format is noticed in the forecasted developments, claiming 95% […]

Cushman & Wakefield Echinox: On average, companies spend €15,000 on fitting out each employee's office space

The average office fit-out costs have increased by around 15-20% during the past 12 months, but they still remain among the lowest in the Central and Eastern Europe (CEE), according to data from the Cushman & Wakefield Echinox real estate consultancy company. With an average level of €943 per sq. m of office space, the […]

Romania is present through the RoTechMission delegation at the EU-Startups Summit Malta, one of the biggest events for tech startups in Europe

Romania is present at the 10th edition of the EU-Startups Summit in Malta, the biggest event for tech startups in Europe, through RoTechMission, a delegation organized by DiFine PR, Techcelerator and ROTSA (Romanian Tech Startups Association). More than 2,000 people, including 1,000 entrepreneurs and 300 investors, will attend the event, which takes place from May […]

AeroVacanțe, part of the Aerotravel group, operates 14 charter flights to Lesbos, the third largest island in Greece: "In 2024, Romanians want to travel to as many original and authentic destinations as possible. The demand for them increased by 25% compared to the same period last year"

AeroVacanțe, part of the Aerotravel group, is betting in 2024 on new destinations, more accessible for Romanians, as a result of the growing demand for holidays in new destinations untouched by mass tourism. Thus, the agency introduces for this summer 14 charter flights to Lesbos, the third largest island in Greece, where the costs of […]