The executive approved, on Thursday, through a draft law, the ratification of the intergovernmental agreement between Romania and the Kingdom of Morocco regarding cooperation in the military and technical field, signed in Rabat on February 27, 2024.According to a press release from the Government, the agreement aims to promote cooperation in the field of defense between Romania and the Kingdom of Morocco, in areas such as the defense industry, technical support, maintenance and modernization of the supplied products, military education and training, logistical support, cyber security, military medicine, legislation and military history.The document is in accordance with the Romanian legislation and with the obligations and commitments assumed by other international documents, the press release points out."The Kingdom of Morocco is a solid partner of the European Union in the southern vicinity of the Mediterranean Sea, being a factor of stability in North Africa, with an important role in the Arab world, in the context in which it actively campaigns for the peaceful resolution of international crises, for the promotion of tolerance, the prevention of violent extremism, fight against illegal migration and terrorism," the press release mentions.
The Romanian state, through the Ministry of Transport led by Ciprian Şerban, is analysing the possibility of taking over the 20% stake that Fondul Proprietatea (BVB: FP) holds in Porturi Maritime Constanţa (CNAPMC). The move would make the state the sole shareholder of Romania's most important logistics hub, responsible for import-export, transit, storage, and operation […]
Romanian companies are increasing investment and accelerating digital transformation, but remain more cautious about the economic outlook than their EU counterparts, according to the European Investment Bank's newly released EIB Investment Survey 2025 – Romania overview. The report showed that 78% of Romanian firms invested in the past year, an improvement over previous editions yet […]
Wizz Air announced on Monday, December 8, the reopening of its base in Târgu Mureș, marking the company’s ninth operational base in Romania. The low-cost carrier will station an Airbus A320neo at Transylvania International Airport, increasing its Romanian fleet to 39 aircraft this winter. Wizz Air now offers 10 routes to eight countries from […]
East Grain Group and Poultry Investment SA have acquired the 45% stake previously held by UBM Group in UBM Feed Romania, thus becoming equal shareholders in one of Romania's largest feed producers, which will now operate under the brand Protena. East Grain is controlled by Czech agri-food group Agrofert, one of the largest agribusiness groups […]
The Foreign Investors Council (FIC) has appointed Ruxandra Băndilă as its executive director. Băndilă will coordinate FIC's activity and "will contribute to strengthening the dialogue with authorities, consolidating the organization's positioning as a reliable partner in promoting a stable and predictable business environment, as well as supporting Romania's becoming a competitive and attractive destination for […]
Romania’s European projects and investments minister, Dragoș Pîslaru, announced that he will notify the European Public Prosecutor’s Office (EPPO) regarding the purchase of electric minibuses for students with EU funds. The minister said that “multiple dysfunctions” were noted in how the EU funds were used in the project. Aside from notifying the EPPO, the minister […]
