Direct investments of Italian companies in Romania amount to approximately 8.15 billion euros, the secretary general of the Romanian Chamber of Commerce and Industry (CCIR), Ovidiu Silaghi, told a specialized seminar on Tuesday."We can notice an important increase in the volume of goods traded between Romania and Italy, starting in 2020. Now we are at approximately 20 billion euros, in three years. Of course, the bad news for Romania is that it recorded a trade deficit of approximately one billion euros, a huge volume. The direct investments of Italian companies amount to about 8.15 billion euros. Also, Romania has the largest stock of direct foreign investments from Italy. due to our cultural heritage, but also from a linguistic point of view, I have good reasons to be optimistic about the future. The Chamber of Commerce is always and will always be open for joint projects with Italian companies, but also with the Italian Embassy in Romania in order to develop solid bilateral ties in the future," said Silaghi.The Romanian Chamber of Commerce and Industry, in partnership with the Italian Embassy in Romania, is organizing, on Tuesday, the economic seminar entitled "The role of Italian investments and trade in the development of the Romanian economy".On this occasion, the study carried out by the Italian Embassy in Bucharest, in collaboration with the Babes-Bolyai University in Cluj-Napoca, by the research team of the Romanian Economic Monitor (Monitorului Economic Român/FSEGA), will be presented, which analyzes the contribution and evolution of the presence Italian economy in Romania in the period 2013-2023.
Dozens of towns and other localities across Romania will receive digitalized eco-islands for waste collection after an EUR 260 million project initiated by the Environment Ministry. The funding for the program is provided through the EU-backed National Recovery and Resilience Plan, or PNRR. The first eco-islands were installed in the towns of Dărmănești and Moinești, […]
MEP Victor Negrescu recently announced that Romania is on the "final stretch" toward full accession to the Schengen area. Romanian authorities on the governmental side showed increased optimism in the matter in the last weeks as the presidential elections draw closer. Negrescu, a vice-president of the European Parliament for the Social Democratic group, made the […]
Farmland prices in Romania have seen a sharp increase over the past decade, with some regions experiencing rises of up to 40%, according to a new report by Appraisal & Valuation SA (BVB: APP), the company behind the NAI Romania & Moldova brand. Driven by strong investor interest, infrastructure improvements, and rising demand for agricultural […]
The new supply of retail projects could exceed the threshold of 200,000 sqm in Romania in 2024, considering that 140,000 sqm of shopping centers and retail parks were delivered nationwide in Q1-Q3, according to real estate consultancy company Cushman & Wakefield Echinox. By comparison, in 2023, developers completed 213,000 sqm of new retail spaces, a […]
The representation of Romania’s equity market in the MSCI Frontier Markets indices is set to grow, with two additional Romanian companies slated for inclusion in MSCI's global benchmark indices. Starting November 26, 2024, shares of Turbomecanica (TBM) and Prebet Aiud (PREB), both listed on the Bucharest...
Flip.ro, a company specializing in selling refurbished phones, tablets, and laptops, made sales worth EUR 2 million on the first day of its Black Friday campaign, November 7. The Romanian startup promotes sustainable shopping and a circular economy by offering consumers expertly refurbished devices, with a 2-year warranty. This year, over 1,000 orders were placed […]
