Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Romania, Republic of Moldova sign memorandum containing joint...

Romania, Republic of Moldova sign memorandum containing joint actions in economic field 

May 8, 2024

 The ministers of Economy from Romania and Moldova signed on Tuesday a memorandum with over 25 points, which contains joint actions in the economic field, from transport, to customs, to interconnection, announced the Romanian minister of Economy, Entrepreneurship and Tourism, Stefan-Radu Oprea."Today was the 12th meeting of the Romania-Republic of Moldova intergovernmental commission. The previous one took place 6 years ago, in Chisinau. I worked together with representatives from all economic fields. I signed a memorandum with over 25 various points, for joint actions in the economic field, from transport, to the customs field, to interconnection. All the infrastructure that is needed so that the business milieu in Romania and the Republic of Moldova can increase the value of trade, which now amounts to 3.4 billion dollars. Romania has the status of the main partner of the Republic of Moldova, as the main investor in the Republic of Moldova," declared Oprea.The minister of Economy specified that the Romanian businessmen who invested in the Republic of Moldova raised the issue of a system of guarantees for those who want to invest more in the neighboring country and emphasized that the authorities are trying to simplify all the processes so that Romania maintains its status the main investor in the Republic of Moldova.For his part, the deputy prime minister of the Republic of Moldova, Dumitru Alaiba, declared that there is a special relationship between the two countries, Romania being the main investor in the Republic of Moldova and also in the first place in terms of trade.He mentioned that a multitude of topics were covered in Tuesday's discussions because the relationship between the two countries is branching out.The twelfth session of the Romania - Republic of Moldova Joint Intergovernmental Economic Cooperation Commission took place on Tuesday, at the Parliament Palace, and will be followed by the Romania - Republic of Moldova Business Forum.The co-chairmen of this Commission are the minister of Economy, Entrepreneurship and Tourism, Stefan-Radu Oprea, from the Romanian side, and the deputy prime minister, the minister of Economic Development and Digitization, Dumitru Alaiba, from the Moldovan side.  

Read in full - click here
Romania reportedly prepares Golden Visa for foreign investors

Romania is reportedly considering launching a Golden Visa program offering temporary residence permits to non-EU investors in exchange for significant financial commitments in the country, Profit.ro reported. According to the draft bill, the scheme – officially called...

Romania's Social Democrats may insist on hiking minimum wage in January

Romania's Social Democratic Party (PSD) may insist on hiking the minimum wage as of January 2026, in line with the national legislation, but also to implement the Directive (EU) 2022/2041 on minimum wage as already envisaged last year. This puts at risk the government's plans for keeping the wages in the budgetary sector constant until […]

Municipality in southern Romania takes EUR 380 mln EIB loan to develop PV park

The Turceni City Hall signed on Tuesday, October 14, a financing contract with the European Investment Bank (EIB) for a project that aims to create a renewable energy hub, Economica.net reported. The project, worth a total of...

Danish Eurowind targets 1 GW in wind farms and BESS in Romania by 2030

The Danish company Eurowind, which has been present on the Romanian market for 14 years, will develop large-scale wind, photovoltaic, and battery projects in Romania.  The target is 1,000 MW installed by 2030, and a third of the group's investments are allocated to Romania, according to

Cristian Geanaliu, Executive Director, Global Markets, Garanti BBVA Romania: Inflation between monetary policy and fiscal reality

Cristian Geanaliu, Executive Director of Global Markets at Garanti BBVA Romania, analyzes the persistent inflation and the ongoing imbalance between monetary and fiscal policies shaping Romania’s economic outlook for 2026. Romania enters the last quarter of 2025 within a complex macroeconomic framework. An inflation rate well above the central bank’s target, high interest rates, a […]

IPO for Grup EM/Electromontaj hits only 25% mark one day before deadline

One day before the closing of the subscription phase for the IPO at Grup EM, which includes Electromontaj among other companies in the group, reached a subscription level of only a quarter of the total securities put up for sale. The relative caution of investors can be explained by a combination of bad memories from […]