Romania's Prime Minister Marcel Ciolacu said on Thursday that the expansion and upgrading of Otopeni Airport, port and railway infrastructure, investments in green energy and food processing are strategic objectives of a trade partnership with the United Arab Emirates (UAE).Developing joint strategic projects between Romania and the United Arab Emirates was the guideline of the economic meetings that Prime Minister Marcel Ciolacu had on a recent working visit to Abu Dhabi, according to the Romanian Government.Prime Minister Marcel Ciolacu had meetings with ADQ Al Dahra management; Khaldoon al Mubarak, CEO of Mubadala; IHC/Abu Dhabi Ports representatives and Sultan Al Jaber, ADNOC CEO, Masdar President and President of the COP28 World Climate Action Summit. He voiced Romania's interest in keeping up high levels of bilateral relations and in drawing Emirati investments, underscoring the importance of the third sitting of the Intergovernmental Cooperation Commission, which will take place in Bucharest in the near future.The prime minister said that in terms of projects in energy, infrastructure, agriculture, food processing, and ICT, Emirati companies can have a substantial contribution to the development of major investments in Romania."The expansion and upgrading of Otopeni Airport, port and railway infrastructure, investments in green energy and food processing are the strategic objectives of the commercial partnership with the United Arab Emirates."The prime minister said that professional associations and chambers of commerce and industry from both countries have an important role in promoting and supporting bilateral co-operation and exchanges of experience."The Romanian prime minister mentioned that his visit will also lead to the increasing the presence of Romanian companies on the UAE market. At the same time, both parties showed interest in setting up a Romania-UAE sovereign investment fund. Energy co-operation was one of the subjects tackled at these meetings, given that Romania still has an important component of using conventional energy, which offers opportunities for co-operation in the fields of oil products and natural gas, but is also undergoing the transition to a green economy, in line with EU climate commitments. Therefore, significant investments are encouraged in areas such as renewable energy and improving energy efficiency, but also in developing new energy storage capacities in order to balance the energy system in Romania," the Romanian Government says in a press statement.Another area tackled at the meetings was the development of bilateral trade, focusing on agri-food products and ICT, as these goods are offering insufficiently tapped opportunities.In terms of transport, besides the strategic importance of the Constanta Port, Romania offers co-operation and development opportunities for its railway and road networks. Prime Minister Marcel Ciolacu also mentioned eight projects proposed by Romania under the Three Seas Initiative (3I), which are at various stages of implementation, and which may be interesting for expert transport, energy and digital infrastructure investors.
Six men and one woman from Romania have been accused of recruiting dozens of children and adults from foster care centers, whom they then transported to Hungary, where they turned them into slaves, forcing them to work under inhumane conditions. The accused are from the localities of Ozun and Chilieni, Covasna County, Romania, and allegedly […]
The Museum of Collectivization, the first in Romania dedicated to the forced collectivization period of the communist era, is set to open a new wing, Corp B, funded through the EU-backed National Recovery and Resilience Plan (PNRR) and co-financed by the National Cultural Fund Administration (AFCN). With the new building, the museum located in Tămășeni, […]
Romania’s “Madrigal – Marin Constantin” National Chamber Choir, conducted by Anna Ungureanu, will be in Luxembourg and Belgium, as part of the “Bridges Across Europe/Punți peste Europa” European tour, where it will perform five extraordinary concerts. The performances will take place between November 20 and 25, with the help of the Ministry of Culture, the Romanian Embassy […]
The European Development Bank approved a EUR 140 million loan for Romania’s “Cultural Foundations” project, aimed at preserving historical monuments and constructing cultural buildings in the country. The project targets 14 investment objectives of national and European relevance, administered by public institutions under the Ministry of Culture, including the Romanian Athenaeum, the Romanian National Operas […]
Bucharest, November 14, 2024 – Exim Banca Romaneasca offers clients the possibility to verify the true identity of the beneficiary when initiating a payment in RON through internet or mobile banking. This is enabled by the bank’s adoption of the Beneficiary Name Display Service (SANB), which helps prevent fraud and reduces erroneous transactions caused by […]
Fifty NGOs and civic groups, along with the Bucharest Environmental Platform, have drawn up an open letter calling on Romania’s Ministry of Environment, Waters, and Forests to urgently approve the Management Plan for the Văcărești Natural Park in Bucharest. They say the plan has been pending approval for nearly a year. The non-profits noted that […]
