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.
More than 680 houses in Suceava country and 170 houses in Neamţ county were impacted in the flash floods that hit northeastern Romania at the end of last week. Forty-one houses were completely destroyed, Raed Arafat, the head of the Department for Emergency Situations (DSU), announced on Friday, August 1. Three people were killed in […]
Romanian justice minister Radu Marinescu said on Thursday, July 31, that harsher penalties are being considered for violence against women and domestic violence, including the criminalization of femicide. The minister said that Romania currently has legislation that is fairly adequate, in line with European standards, for combating violence, including domestic violence. He also said that […]
Via Transilvanica, the long-distance trail that crosses the country, will apply to be the first accredited long-distance route in Romania after the government issued the methodological norms regulating the hiking trails of national interest. Tășuleasa Social, the non-profit that developed the trail, called the recently issued norms "a huge step that transforms a bold idea into...
Former prime minister and Social Democratic leader Marcel Ciolacu stated that he does not rule out a candidacy for the presidency of the Buzău County Council, after rumors to that end. PSD Buzău president Romeo Lungu had previously told journalists that discussions are underway for the former prime minister to run for the Buzău County […]
The Balneo-Physiotherapy Clinic in the Călimănești resort town, southern Romania, will undergo rehabilitation with a EUR 10 million financing from the European Union, according to representatives of the Vâlcea County Council. The project implementation period will be 24 months from the completion of the tender for the execution of the works, which include, in addition […]
Bringo, the first personal shopper-based rapid grocery delivery service in Romania, handling over 4,000 daily orders in more than 35 cities, launches a loyalty program that turns shopping into a continuous reward experience. "Beyond functional benefits like discounts, free delivery, or double refunds for SGR packaging collected right at your doorstep, Bringo YOU offers a […]
