Romania and the Kingdom of Saudi Arabia signed, on Thursday, a Memorandum of Understanding aimed at strengthening commercial relations between the two countries in the field of agriculture, especially in the vegetable sector, animal husbandry - raising cattle, sheep and goats, but also in the use of modern technologies in the field of agriculture."Saudi Arabia is a market for Romanian cereals and will also become a market for products from our farms. In 2023, the export of cereals to Saudi Arabia has increased considerably, due to the discussions held with the officials of the kingdom. The Memorandum of Understanding signed, today, in Riyadh, with my counterpart from the Kingdom of Saudi Arabia, is another important step for the consolidation of commercial relations between the two countries in the field of agriculture, especially in the vegetable sector, animal husbandry - raising cattle, sheep and goats, but also the use of modern technologies in the field of agriculture. Trade exchanges will increase significantly in the next period, especially since the Saudi side is interested in Romanian cereals, but also in the fodder that we process in Romania Romania who have the opportunity to enter into dialogue with the Saudi side, thanks to this Memorandum signed today," the Minister of Agriculture, Florin Barbu, wrote on his Facebook page.He added that, as of 2019, there was no government-level agreement with the Kingdom of Saudi Arabia.The Minister of Agriculture and Rural Development is on an official visit to Saudi Arabia on Wednesday and Thursday, an event during which high-level meetings with the Saudi authorities, the business environment, and field visits are scheduled.The State Secretary, Sorin Moise, is part of the delegation led by the Minister of Agriculture.
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 […]
Only about 44% of employees in Romania say they have used AI in the past year, while the average usage rate in the 48 countries included in the report was 57%, according to the PwC Workforce Hopes and Fears Survey 2025 report. India and Vietnam are at the top, with 84%, followed by China (78%). […]
A new four-star hotel is set to rise next to Bucharest’s Henri Coandă International Airport, following a EUR 45.5 million investment announced by real estate developer D. GROUP. The Wyndham Garden Bucharest Airport Hotel, scheduled to open in July 2027, will introduce the Wyndham Garden brand to Romania for the first time. Located 150 metres […]
Romania ranks 3rd in a European heatwave vulnerability ranking and will experience 3 heatwave events annually, lasting 17 cumulative days with average temperatures of 36.82°C, placing it ahead of all Mediterranean countries, according to new research from climate system experts at Reinders Corporation. The study analysed climate modelling data, heatwave frequency, and average temperatures across […]
