The Romania - Kazakhstan joint intergovernmental committee on economic cooperation signed a cooperation protocol which envisages, among others, the acceleration of investments and bilateral trade, Energy Minister Sebastian Burduja announced on Friday.The document was signed by the two Energy Ministers, Sebastian Burduja and Almassadam Satkaliyev.Burduja told a press conference at the Victoria Palace of Government that Romania - Kazakhstan bilateral trade reached 2.8 billion dollars in the first 11 months of 2023, but Romania's exports account for a rather modest 112 million dollars of this amount, despite having doubled compared to 2022."This is why we are interested in diversifying trade and investments, and we have found openness on the part of our Kazakh partners. In terms of energy, you know of course that Kazakhstan's most important investment is that in Rompetrol, where KazMunayGaz is the majority shareholder, and we approached several topics related to Rompetrol. We asked Minister Satkaliyev and his colleagues to expedite Rompetrol investments in Romania from the Romanian-Kazakh Investment Fund, including in green energy, and also to observe the strictest work security and safety standards, following investment plans and maintenance. As regards the nuclear field, Romania's Nuclearelectrica has a very close relationship with partners in Kazakhstan. It is probably the most important uranium producer and amid the ongoing Romanian civil nuclear program, it is very important that we have uranium reserves to rely on," said the Romanian energy minister.The cooperation protocol also provides for transport cooperation, so that Romania and Kazakhstan will work together to connect the Caspian Sea to the Black Sea region. Companies from both countries will engage in developing the full potential of the Trans-Caspian International Transport Corridor, integrating the modal and logistics transport infrastructure. In this regard, a memorandum of understanding was signed on January 31, 2024 between the Romanian Ministry of Transport and Infrastructure and the Kazakh Ministry of Transport, which sets forth a concrete plan of action and a calendar for strengthening transport links.
Ion Iliescu, Romania’s first president after the fall of communism in December 1989 and one of the country’s most influential and controversial political figures, died on Tuesday, August 5, at the age of 95. His death was announced by the government, which expressed condolences to his family and stated that details regarding the state funeral […]
A large medieval cemetery was discovered this week at the Hasdeu High School in Lugoj, western Romania. The complex may have extensions into the surrounding yards and a high historical importance. Although the excavations are only just beginning, with an estimated 10% of the necessary work completed so far, the discoveries have already showed promise. […]
A trilateral working meeting for the creation of a regional cybersecurity alliance between Romania, the Republic of Moldova, and Ukraine took place on July 30 in Chernivtsi, Ukraine. The establishment of such a union would boost Romania's role in region. "The National Cybersecurity Directorate considers that the initiative to establish a cybersecurity coalition between Romania, […]
Two Dacian gold bracelets from the collection of the National History Museum of Romania (MNIR) have been recently 3D scanned as part of a digital preservation project highlighting these exceptional archaeological pieces. The initiative, launched by the museum, aims to showcase the artistry and cultural significance of Dacian goldsmithing. Crafted with remarkable skill, the spiral-shaped […]
Arad, a city in western Romania dubbed the “Little Vienna,” will organize a celebration of its history and culture in the Austrian capital, between August 8 and 20. The Days of Arad Culture begin on August 8 with the photo exhibition "Arad of Yesterday and Today," which will highlight the architectural connection of the city […]
In a report published on Tuesday, August 5, the Group of States against Corruption, or GRECO, said that Romania has fully implemented two of the 26 recommendations made in the 2023 Fifth Round Evaluation Report on preventing corruption and promoting integrity among top executive functions of the central government and law enforcement. Out of the […]
