The minister of foreign affairs, Luminita Odobescu paid an official visit to Berlin, where she had meetings with the German counterpart, Annalena Baerbock and the advisdr for European Affairs of the Federal German chancellor, Undine Ruge, the head of the Romanian diplomacy condemning again the attacks of the Russian Federation against the population and the civil infrastructure, including of the Ukrainian ports on the Danube, in the vicinity of the border with our country.According to a press release issued by the Romanian Foreign Ministry(MAE), Odobescu stressed , during the conversation with his German counterpart, the importance of developing a solid economic relationship between the two countries, underlining the need to boost joint economic projects and to exploit the German investment potential in important areas of the Romanian economy: infrastructure, energy, agriculture and food industry, circular economy, digitalization, defense industry. The discussions highlighted the need for the two countries to coordinate their positions on topical issues on the European and international agenda, given the multiple crises generated by Russia's war of aggression in Ukraine, the MFA added. Minister Odobescu presented, during the meetings, the Romanian side's efforts to facilitate Ukrainian grain exports, especially to the most vulnerable regions of the globe. Luminita Odobescu mentioned when referring to the attacks during the night of 3rd September to 4th September that the means used by the Russian Federation did not generate direct military threats at the address of the national territory or the territorial waters of Romania.She informed that the Ministry of National Defence has taken measures of enhanced vigilance in the national land, sea and air space and is contributing to strengthening the defence and deterrence posture on the Eastern Flank, according to national and allied plans. At the same time, the Romanian minister called for continued consistent European support for Moldova to strengthen its resilience in the face of current threats, including through the Support Platform for Moldova, an initiative launched by Romania, Germany and France. Romania's accession to the Schengen area was also on the agenda, the MAE added. According to the source, Luminita Odobescu mentioned the state of play of the Romanian side, and the head of the German diplomacy and the European affairs advisor to the Federal Chancellor reiterated Germany's firm support for achieving this major objective of Romania.
Romania’s Competition Council has approved the acquisition of Karamolegos Bakery Romania by Vel Pitar, a company fully owned by global bakery group Bimbo, the authority announced on May 12. Karamolegos Bakery Romania is involved in the production and sale of packaged bread under brands such as KB Toast, KB Selected, and Mândra. It also supplies […]
The National Bank of Romania (BNR) probably spent/sold EUR 6 billion of its foreign exchange reserves to prop up the local currency (leu) last week after the victory of far-right presidential candidate George Simion in the first round of elections, which led to the collapse of the government, according to an analysis by Austrian bank […]
Romania’s foreign trade deficit (goods) widened by 27% y/y to EUR 8.45 billion in Q1, according to data published by the statistics office INS. Exports rose by 2.7% y/y while imports surged by 8.1% y/y. Romania’s deficit in foreign trade in goods has reached EUR 35.2 billion in the four quarters to March 2025, or […]
Romania’s Treasury has launched new issues of government bonds under the Tezaur and Fidelis schemes, paying yields of 6.75% (1-year) to 7.8% (5-year) for the local currency debt and up to 6.25% (7-year) for euros. After the Treasury raised RON 21.4 billion (EUR 4 billion) under the two schemes year to date, the households’ demand […]
Romania’s Treasury on May 12 placed RON 540 million (EUR 100 million) of Government bonds on the domestic market at an average yield of 8.45% by reopening an issue that matures at the end of July 2026, according to the National Bank (BNR). The yield is 1.5 percentage points up from roughly two weeks earlier, […]
With five days remaining until the second round of Romania's presidential elections on Sunday, May 18, the race between far-right leader George Simion and independent candidate Nicușor Dan is extremely close, according to an AtlasIntel opinion poll conducted for
