Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Transportation Minister signs Cooperation Protocol and Plan of...

Transportation Minister signs Cooperation Protocol and Plan of Action with Turkey

April 28, 2022

  Transportation Minister Sorin Grindeanu, attending in Istanbul the 27th session of the Romania - Turkey Joint Economic Cooperation Commission, signed on Thursday together with Turkish Vice President Fuat Oktay a Cooperation Protocol and a Plan of Action."In their turn, representatives of our governments signed dozens of concrete projects that are part of this plan and cover several areas. The projects, with well-defined implementation deadlines, aim to promote mutual trade, bolster investments, strengthen cooperation in key economic sectors - including at regional level, develop SME cooperation, boost tourism and the exchange of experience in various fields," Grindeanu wrote on Facebook.He added that half-yearly milestone checks will be performed to look at developments and the observance of the deadlines, through meetings at the level of Secretaries of State."I am confident that through these projects we will reach the USD 10 billion annual threshold we have set ourselves for bilateral trade. We will assess developments and deadline observance every six months through meetings of Secretaries of State. We have agreed that the next meeting of the Joint Economic Commission shall take place in Romania," Grindeanu said.  According to him, in the field of economic and sectoral cooperation, Turkey is the second largest trading partner outside the European Union and the first destination for Romanian exports outside the EU, with trade reaching approximately 10 billion dollars."I also stressed the major importance of the recent decisions taken at last week's EU Summit on the phasing out energy dependence on Russia. In this context, we pointed out that Romania has already proposed the use of the BRUA gas pipeline and the Giurgiu-Ruse Interconnector (between Romania and Bulgaria) and the Bulgaria-Greece Interconnector for the future stages of the development of the Southern Gas Corridor. We are counting on Turkey's openness and support for promoting this option at the regional level," the Transport Minister said.   The Minister of Transport, Sorin Grindeanu, also discussed with his Turkish counterpart, Adil Karaismailoglu, about the opportunities that the collaboration between Romania and Turkey in the field of infrastructure can offer."I am attending today [Thursday] in Istanbul the 27th Meeting of the Joint Intergovernmental Commission for Romania-Turkey Economic Cooperation. This morning I met with the Turkish Minister of Transport and Infrastructure, Adil Karaismailoglu, with whom I discussed about the opportunities that the collaboration between our countries can offer in this field of infrastructure. I told him that Romania is open to Turkish companies that have the technical and professional capacity to carry out important infrastructure projects. We expect these companies to participate further in tenders, of course respecting the rigors of the Romanian and European legislation," Grindeanu wrote on his Facebook page.He added that he had also discussed how to draw as many transport routes as possible to Constanta Port, but also about the modernization of the port infrastructure."My counterpart, Adil Karaismailoglu, has given assurances that Turkey is in line with current European green transport policies and will support investments in transport infrastructure in Romania," Grindeanu said. 

Read in full - click here
Saint Nicholas Day marks the start of the holiday season in Romania

Romanians celebrate Saint Nicholas (Sfântul Nicolae) on December 6, a tradition that has grown far beyond its religious roots and signals the official start of the holiday season. The day is especially beloved by children, who eagerly prepare their freshly polished boots in hopes of finding small gifts in the morning. Many Romanians also celebrate […]

Voices of Romania: New episode with Serge Ioan Celibidache, director of The Yellow Tie, is now live

The newest episode of Voices of Romania, Romania Insider’s interview series, is now available on Spotify, YouTube, Apple Podcasts, Deezer, and all...

ASFAT, a producer of military vessels and defence systems, completes Türkiye’s first international sale of a combat ship built in the country to a NATO and EU member state

ASFAT, a wholly state-owned company operating under Türkiye’s Ministry of National Defence (MoND), has signed an agreement for the delivery of the light corvette Akhisar to the Romanian Naval Forces. This transaction represents a milestone for Türkiye’s defence industry, as it is the first international sale of a combat ship built in Türkiye to a […]

Romania reportedly clears 316 MW of wind power capacities under third CfD auction

Wind projects with a total capacity of almost 316 MW have been declared winners in the third auction under the Contracts for Difference (CfD) scheme, above the minimum threshold set by the Ministry of Energy, according to sources quoted by Economica.net.  The third auction was organised because of insufficient projects approved under...

Fitch affirms Romania's CEC Bank at BB with stable outlook

Fitch Ratings has affirmed the long-term Issuer Default Rating (IDR) of Romania-based, state-owned bank CEC Bank at BB/stable, its Viability Rating (VR) at bb, and Government Support Rating (GSR) at b, based on the bank's moderate, albeit strengthening, business profile, adequate capitalisation, and reasonable funding and liquidity. This puts the Romanian bank's rating two notches […]

Listing of Bucharest Airports Company at the Stock Exchange hindered by state's opposition

Romania's Ministry of Transport blocked a key procedural step required for the listing of Bucharest Airports Company on the Stock Exchange (BVB) after opposing an item on the shareholders' agenda concerning the resumption of the auditor selection process. The vote took place at the end of November, following a request by Fondul Proprietatea, which holds […]