Romania collaborates with Georgia and Azerbaijan in several large strategic projects, such as the construction of a submarine cable between the three countries.
A Submarine Cable Will Link The Caspian Sea, The Black Sea and the EU
the president of romania, Klaus Iohannis has declared his priority to build a cable between Romania, Georgia and Azerbaijan. This power line is a part of “Green Energy Corridor”. It will connect the Caspian Sea region with the Black Sea and the EU. Besides, will expand the Romania-Georgia submarine fiber optic cable. This will further develop the digital connection between the EU, Georgia y Asia Central.
The Romanian Minister of Energy, Virgil Popescu, also expresses his country's support for the submarine power cable project with Azerbaijan and Georgia. The Minister also affirms the openness of Romania to increase SOCAR investments in the country. This includes investments in the field of electricity production, as well as in the fertilizer market. Virgil Popescu is on an official visit to Azerbaijan to participate in the 8th Ministerial Meeting of the Advisory Committee of the Southern Gas Corridor.
Cooperation between Romania and Azerbaijan
Azerbaijan and Romania cooperate in various fields of the economy. SOCAR operates in Romania through SOCAR Petroleum SA and has SOCAR brand gas stations in 26 regions of Romania.
Last October, President of Azerbaijan Ilham Aliyev met with newly appointed Romanian Ambassador Vasile Soares. The president also stated that Romania plays an important role in the cooperation program between Azerbaijan and NATO..
Trade between the two countries amounts to 215,5 million dollars in 2021. Of this figure, exports amounted to 120,5 million dollars and imports to 94,9 millions.
Black Sea-Caspian Sea Mercantile Corridor
Romanian President Klaus Iohannis, has announced that cooperation with Georgia is underway in the freight corridor by maritime transport Black Sea-Caspian Sea. Talks are underway to establish a regular ferry route in the Black Sea that a Romania and Georgia. This is an essential project to promote trade and improve connectivity between the EU and Georgia.
Klaus Iohannis also says that Romania is one of the strongest supporters of Georgia in the process of European and Euro-Atlantic integration.