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 number of people in Romania at risk of poverty stood at 3.59 million people in 2024, 375,000 fewer than in 2023, representing a 9.4% decrease, according to data from the National Institute of Statistics, or INS. Despite the improvement, nearly one in five Romanians was affected by poverty last year. According to INS, 19% […]
The European Public Prosecutor’s Office (EPPO) in Cluj-Napoca carried out multiple searches on Tuesday, July 1, at the Sibiu International Airport and the Sibiu County Council as part of an investigation into suspected fraud involving a EUR 54 million EU-funded infrastructure project. A total of 24 locations were searched across Bucharest, Brașov, and Sibiu county, […]
A Romanian taxi driver who scammed 90-year-old Nigerian Nobel Prize laureate Wole Soyinka was detained by police on Sunday, June 29, according to media reports. On Friday, June 27, the venerable Nigerian arrived at Bucharest's Otopeni Airport. He got into a taxi and asked to be taken to a hotel downtown. At the destination, the […]
Costin Șerban, a Romanian entrepreneur, is digitalizing the construction sector in the United Kingdom with an ERP (enterprise resource planning) solution developed over 12 years and an investment of GBP 1.6 million (EUR 1.86 million). Șerban’s cloud-based ERP platform is called Abilo, was developed by the Romanian IT company Obi Systems, and is dedicated to […]
Border checks between Bulgaria and Romania have officially been lifted on July 1, as part of the implementation of the Schengen Agreement. The lifting marks the end of the transitional period of heightened control at the internal border, which had remained in place for six months following their accession to the Schengen area by land […]
Remus Vulpescu became CEO of the Bucharest Stock Exchange (BVB) on Tuesday, July 1, taking over from Adrian Tănase as the stock exchange grapples with a market dominated by government bonds. Vulpescu, 53, is a graduate in political and legal sciences from the University of Bucharest and holder of an EMBA obtained in 2017. He […]
