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.
On October 30, 2025, Envisia will host the 3rd edition of the Future of Boards Gala. The event brings together board members, executives, and governance ecosystem partners for an evening dedicated to recognizing responsible leadership, corporate governance, and high-performing boards. The six award categories celebrate individuals and boards who, through courageous decisions and integrity, create […]
The European real estate debt market is showing clear signs of recovery, supported by stabilized interest rates, competitive lending, and renewed investor confidence. According to AEW’s latest research, the credit financing gap across Europe is narrowing, with improved lending conditions helping to ease refinancing pressures that have weighed on the sector in recent years. Between […]
French retail chain Carrefour may want to sell its stores in Romania and exit the market, according to the French publication L’Informe. Moreover, it would also like to get rid of its operations in Poland and Argentina, according to the same source. So far, Carrefour has reportedly only analyzed a possible exit from the local […]
Romanians are not looking forward to Black Friday with more enthusiasm than last year, according to a recent survey. The main reasons are economic instability and the decline in purchasing power. Around 22% of Romanians say they will not buy anything on Black Friday 2025, and only 15% of Romanians plan to spend more compared […]
Cristina Ghițulică, a faculty member at the Faculty of Chemical Engineering and Biotechnologies (Politehnica Bucharest), was elected as the first woman president of the European Association for Quality Assurance in Higher Education, or ENQA. Ghițulică is the director general of the Romanian Agency for Quality Assurance in Higher Education. She was elected to head ENQA […]
The Bucharest National Opera and the Kinetobebe Association announced “The Dance of Velvet Steps,” a premiere performance for the audience with special needs, on Sunday, November 16. The show consists of a ballet performance adapted and made accessible for children and adults with disabilities. The performance is primarily addressed to children and adults with special […]
