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Round four of the Egypt, Romania joint committee: Egypt and Romania have bolstered their economic ties with a series of agreements signed during the fourth session of the Joint Committee for Economic Cooperation in Bucharest, according to a Planning and International Cooperation Ministry statement. Led by Planning, Economic Development, and International Cooperation Minister Rania Al Mashat and Romania’s Economy Minister Stefan-Radu Oprea, the talks marked the first joint committee meeting in five years, focusing on future investments in energy, agriculture, and SME development.
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#1- Town Gas to help link up Romania’s natural gas grid: State-owned Egyptian Company for Natural Gas Distribution — more commonly known as Town Gas — signed contracts with Romania’s Cis Gaz to manage linking natural gas distribution grids in Romania, the Oil Ministry said in a statement. The agreement — which builds on an earlier MoU between the two from late 2023 — will see Town Gas locally manufacture pressure regulating stations.
#2- MSMEDA signs MoU with Romanian Economy Ministry: The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) signed an agreement with Romania’s Economy, Entrepreneurship, and Tourism Ministry to enhance cooperation in SME development, focusing on sectors like agriculture, textile, and technology, according to an MSMEDA statement.
#3- More Egyptian-Romanian investments? The General Authority for Investment and Freezones (GAFI) inked an MoU centered around investment with its Roman counterpart InvestRomania. Details of the agreement are yet to emerge.
#4- Cooperation with Romania’s Exim Bank in the cards?The two sides looked into future cooperation between Romania's Exim Bank and the Egyptian banking system.
AND- Al Mashat launched the Egyptian-Romanian Business Forum with participation from 130 companies from both countries, spotlighting opportunities in trade, ICT, tourism, and agriculture, according to a statement. The cooperation minister invited Romanian companies to the next joint committee in Cairo to explore further collaboration, with both countries eyeing joint ventures in energy and other competitive sectors.
ALSO- Romanian Foreign Minister Luminita Odobescu is set to visit Egypt later this month, according to a statement from the Planning and International Cooperation Ministry.
