Four memoranda were signed on Wednesday at a meeting of the Romanian-Egyptian Joint Economic Committee, as well as two other contracts between electricity and gas companies, according to Economy Minister Stefan-Radu Oprea."Today, the fourth edition of the Romanian-Egyptian Joint Economic Committee took place. A lot of debated subjects. We have a very clear action plan, how to develop trade relations together. Today they are at a level of over 1 USD billion, balanced, USD 586 million dollars worth of exports, and USD 520 million worth of imports, but the possibilities are very high. We identified them together. We already signed four memoranda between electricity and gas companies, two other contracts. We set out to open markets. We intended, together with the Minister of Agriculture, with Minister of Planning, Economic Development and International Cooperation Rania A. Al-Mashat, to open, for example, the poultry market in Egypt or the market for live animals, to increase the exports of agricultural products, to renew the success story of the Romanian tractor U 650 on the Egyptian market. Irum today is the continuation of that tradition and we would like to see it more present," Oprea told a news conference.He also talked about the need to create a monitoring committee to facilitate achievements."Energy, green energies, hydrogen, artificial intelligence, cooperation between small and medium-sized enterprises, transport, all these areas have been touched today. We decided together, it was His Excellency's idea, to have in time between the meetings of the joint commissions, the previous one being in 2019, a monitoring committee that would work so that all the targets we set ourselves would be much easier to achieve and facilitate dialogue (...). Their position should be expressed by us, as ministers of trade, to be able to express it in Brussels, so that cooperation between us is much easier."According to the minister, other possibilities of cooperation, mutual support in international bodies were identified, so that the partnership is a real one.The fourth session of the Romanian-Egyptian Joint Committee on Economic Cooperation took place on October 7-9, 2024. The year 2024 marks 118 years of diplomatic ties between Romania and Egypt. In 2023, the total value of trade between the two countries was standing at USD 1.1 billion.
Otilia Bordei, Roxana Ilie and Louis Juhel, a team of three seasoned experts with over 30 years of combined experience in the real estate market, are launching TREEE, a consulting company specialized in identifying and brokering office spaces. TREEE is dedicated to supporting companies in finding sustainable office solutions, thereby contributing to achieving environmental, social […]
A total of 26,033,372 passengers transited Romanian airports last year, a 6% increase compared to 2023, according to data from the Romanian Airports Association (AAR). The number of passengers traveling to international destinations increased by 7% compared to the previous year, while the number of passengers on domestic flights decreased...
Romania saw the largest percentage decrease in new fully electric cars registered in 2024, a nearly 33% drop, according to data from the European Automobile Manufacturers Association. Fully electric cars represented 10.1% of new cars sold in Romania in 2023. Last year, the figure dropped to 6.5%. Across Europe, 1.44 million new fully electric cars […]
The European Court of Human Rights (ECHR) decided on Tuesday, January 21, not to issue an interim measure in the case in which Călin Georgescu appealed the Romanian Constitutional Court’s decision to annul the 2024 presidential elections. The former candidate had requested that interim measures be given, indicating, in particular, that the top...
The Nădlac Salami, a traditional product from Arad county in western Romania, made using a recipe passed down through generations, has entered the registration process for a European quality system. The Nădlac Salami, traditionally part of the summer diet, is still made following ancestral tradition, according to Romania’s Ministry of Agriculture. The institution announced the […]
Vastint Romania, part of the VASTINT Group, an international company with over 30 years of experience in real estate, has signed a new lease agreement for an area of approximately 1,200 m² GLA with Softeh Plus, one of the most important developers of medical software systems in Romania. Softeh Plus will move its headquarters in […]
