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.
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
Contakt Express Logistik S.A., the Romanian market leader in accessories for phones and tablets, announces the approval of its Prospectus by the Financial Supervisory Authority and the launch of its initial public offering. Following the successful closing of the offering, the company will be listed on the Bucharest Stock Exchange, on the AeRO Market, under […]
