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.
The agency plans to expand its team and reach a turnover of EUR 450,000 by year-end. June Communications (JUNE), a business-to-business PR and integrated communications agency, has appointed Bianca Caragea as its new Operations Manager. The step strengthens the agency’s management team as it enters a new stage of growth after seven years of sustained […]
The Babeș-Bolyai University of Cluj-Napoca (UBB) has established an endowment fund, which the institution described as a "strategic" financial mechanism aimed at supporting academic excellence and ensuring the long-term sustainability of university projects. The initiative is a first of its kind in the local academia, UBB said. The endowment fund involves attracting donations/financial resources and […]
Romanian authorities are reportedly considering imposing an access fee for the Transfăgărășan mountain road. The funds would be used for setting up decent parking areas, selecting merchants, and similar initiatives. The beautiful, winding road is one of the most visited tourist attractions in the country. Local authorities say the funds from an eventual toll would […]
Colombian reggaeton superstar J Balvin will perform in Dubai for the first time this November, headlining Untold, the globally recognized festival born in Romania. The event will take place from November 6 to 9 at Dubai Parks and Resorts, featuring more than 100 international acts across five stages. The festival is staged in partnership with […]
More than 17% of Romania’s population faced severe material and social deprivation last year, which was one of the highest shares in the EU, according to the statistical bureau of the European Union - Eurostat. In 2024, 6.4% of people in the European Union faced severe material and social deprivation, a slight decrease compared to […]
The Freedom and Respect for Every Earthling association will hold the March for Animal Rights in Bucharest on October 4, to mark International Animal Day. The march will start at 11 AM at the National Theater Park, and will go on to Piața Victoriei. Organizers say they aim to bring to the forefront the suffering […]
