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.
Two sovereignist candidates, namely the leader of the far-right Alliance for the Union of Romanians (AUR), George Simion, and former Social Democratic (PSD) prime minister Victor Ponta, are in the first two positions in the race for the presidential office in a Verifield poll commissioned by Bucharest mayor Nicușor Dan and presented on Monday, March […]
Romania is becoming a European benchmark in sustainability, thanks to the Deposit Return System implemented by RetuRO, the company managing the country’s largest circular economy project. The system’s performance in its first year of operation and its development objectives for this year were presented by Gemma Webb, CEO and Chair of the RetuRO Board of […]
Teilor Holding, the company operating the Teilor jewelry store chain, is on track to list its two corporate bonds on the Bucharest Stock Exchange on Thursday, April 13. The bonds, which will go on the AeRO Multilateral Trading System, have a total aggregated value of nearly EUR 4.5 million, and were sold in October last […]
Eight Romanian couriers in the United Kingdom were sentenced to more than 30 years imprisonment after stealing parcels worth EUR 1 million and selling them online. Three of the suspects managed to flee to Romania and are now being sought. The former couriers operated together between September 2022 and February 2023 in Birmingham. Using their […]
Bucharest’s central Easter fair, Traditions and Flowers of the Holidays, returns in King Michael I Park (Herăstrău) between April 12 and 21. Held at the Charles de Gaulle entrance, the event awaits visitors with local crafts, traditions, and various activities. The fair is dedicated both to the Palm Sunday and Easter holidays, the organizers said. […]
Interim president Ilie Bolojan marked 21 years since Romania's accession to the North Atlantic Alliance by stating that the NATO anti-missile shield in southern Romania made the country safe, allowing it to develop economically. NATO membership meant that Romania was a safe place, Bolojan said, adding that this was “especially due to the support provided […]
