Romania associates itself with the Declaration condemning Iran's ballistic missile program, drawn up under the auspices of the Proliferation Security Initiative, in which it is appreciated that Iran's program remains one of the biggest threats to non-proliferation efforts, the Ministry of Foreign Affairs (MAE) informs.According to the Declaration, states are urged to take all the necessary measures to prevent the supply, sale or transfer of materials, equipment, goods, technology and components of ballistic missiles, in order to protect peace and security in the region and outside it, MAE mentions."These measures include effective actions to prohibit the transfer from and to Iran of materials used in the construction of ballistic missiles, including materials used in the production of drones. It is also indicated the need to adopt clear procedures regarding the rapid exchange of relevant information regarding Iran's proliferation activities. The measures include reviewing and strengthening the capacity of national authorities to manage matters related to Iran's ballistic missiles and drones. Also, the document mentions the need for specific measures to uphold prohibitions on Iran's ballistic missile and drone development programs," the Ministry also said.The quoted source mentions that the Declaration is issued in the context of marking, on October 18, 2023, the transition stage - Transition Day, 8 years after the adoption of the Comprehensive Plan of Action (JCPOA) with Iran, according to Resolution 2231 of the UN Security Council.MAE reminds that on Wednesday part of the sanctions imposed on Iran expire according to UN Security Council Resolution 2231. The resolution, adopted unanimously on July 15, 2015, endorsed the Joint Comprehensive Plan of Action (JCPOA) and established the IAEA inspection program on Iranian nuclear facilities, in parallel with the preparation of lifting of UN sanctions on Iran. Given Iran's repeated violation of the JCPOA, UN sanctions will only be included in autonomous sanctions packages of states that share concerns about Iran's nuclear and ballistic programs, including EU member states, the Ministry of Foreign Affairs points out.
The Bucharest office market has shown early signs of recovery, driven by a visible increase in pre-lease transactions, highlighting a renewed occupier appetite for future office spaces. The current development pipeline, exceeding 215,600 sq.m, the highest level in recent years, is expected to be gradually absorbed, according to data from the Cushman & Wakefield Echinox […]
The European Bank for Reconstruction and Development (EBRD) has officially launched its Risk Sharing Facility in Romania extending EUR 270 million in “green financing” to Romanian banks under the InvestEU program. Through its InvestEU guarantees, the EBRD expects to mobilize new green financing for individuals and companies in Romania, ensuring much-needed energy savings and carbon […]
The Haferland Week Festival will take place this year in Romania between August 6 and 9, celebrating local Saxon culture with a series of events themed “Longing for Transylvania.” The event will take place in 10 localities: Archita, Saschiz, Homorod, Rupea, Criț, Roadeș, Meșendorf, Cloașterf, Bunești, and Viscri. According to the organizers, the theme is […]
EUROPAfest will return to Bucharest between July 3 and July 12, bringing artists from 14 countries to the Romanian capital for the festival’s 33rd edition. The organizers said this year’s event will place a stronger focus on jazz while also continuing to feature blues, pop, and classical music performances. Artists from France, Italy, Ireland, Canada, […]
CPI Property Group has secured EUR 100 million in financing for Sun Plaza, one of the largest shopping centers in Bucharest. The funds were arranged through a club-deal involving OTP Bank and ING Bank Romania. The company said the transaction was signed through its subsidiary CPI Europe AG and also marks the beginning of a […]
Aquila (BVB: AQ), a major player in the Romanian market for integrated distribution and logistics services for fast-moving consumer goods, or FMCG, has inaugurated its new logistics center in Bacău, a strategic project in which the company invested over EUR 1.2 million. The new logistics infrastructure integrated the relocated operations into a modern facility with […]
