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.
Romanian president Nicușor Dan was received by King Charles III at Buckingham Palace on Wednesday, December 17, during his official visit to the United Kingdom, marking the final stage of his trip to London. The head of state also met with Romanians who welcomed him during the visit. President Dan posted a brief message alongside […]
Holidays are simply better when you share the traditional taste of Boromir Cozonac with your loved ones. Our Collection of Cozonac brings joy and warmth to festive gatherings, carrying on the sweet traditions of the winter season. With its soft core, rich fillings, and authentic flavor that comes from natural sourdough, the Boromir Cozonac is […]
As parents everywhere wrestle with the same uneasy question, how do you prepare children for a future shaped by rapid technological change and constant uncertainty, Verita International School is betting on a clear answer: teach students how to think, not what to think. In this interview with Romania Insider, Ashley “Ash” Peek, Head of Secondary […]
Romanian prime minister Ilie Bolojan stated during an interview on Wednesday, December 17, that there should be no statute of limitations in cases of serious corruption. The statement comes after a Recorder investigation, which showed that several heads of the major institutions in the Romanian justice system allegedly delayed trials for years until wrongdoings were […]
President Nicușor Dan has challenged, before the Constitutional Court (CCR), the constitutionality of the law that requires that at least 40% of the athletes who play on a team in official national competitions be Romanian. Dan noted that the law violates the principle of non-discrimination and the free movement of workers, enshrined both in the […]
Craiova International Airport will open its new passenger terminal on Thursday, December 18, completing a major infrastructure investment aimed at significantly expanding capacity and improving air connectivity in southwestern Romania. It is part of a broader expansion and modernization project financed through the Large Infrastructure Operational Programme (POIM) 2014–2020, with a total value exceeding EUR […]
