Companies based in Bucharest had, in the first 8 months of 2024, international trade operations of 40.1 billion euros, representing 28% of Romania's foreign trade, ranking first at national level. According to a press release sent by Bucharest Chamber of Trade and Industry (CCIB), issued on Tuesday, based on statistic data announced by the National Statistic Institute (INS) about the evolution of Romania's commercial exchanges, Bucharest companies are followed by the counties of Ilfov (8%), Timis (7.7%), Arges (5%), Brasov (4%) and Cluj (3.6%). At the same time, in the same period, Bucharest companies delivered goods of 12.1 billion euros abroad, the equivalent of 19.8% of Romania's total exports. Bucharest was followed by the counties: Timis (9.4%), Arges (7.9%), Brasov (5%), Ilfov (5%), Dolj (4.4%), Arad (4.3%), Alba (4.1%), Prahova (3.5%) and Sibiu (3.3%). The share of these ten counties in Romania's export was 66.7%, while the rest of 32 had 33.3%. The main groups of exported goods by companies based in Bucharest were: electric machines and equipment and their parts (26.4%), vegetal produce (15.8%), mineral products (14.4%), chemical industry products (7.5%), foodstuff, beverages, alcoholic liquids and vinegar, tobacco and processed tobacco replacements (5.9%), common metals and articles (5.3%), auxilliary transport vehicles and accessories (3.2%), textile materials and articels (3.1%), optic equipment and instruments (3%). On the overall, the ten groups of exported goods have a share of 89.4%) of the export of Bucharest companies. In the case of imports, the concentration is higher, and Bucharest based companies recorded 28 billion euros, representing a share of 34.1% of Romania's import, over January 1- August 31, 2024. The Capital city that holds a third of all imports, was followed by the counties of Ilfov – 10.3%, Timis (6.4%), Arges (4.5%), Cluj (3.8%), Prahova (3.6%), Brasov (3.3%), Alba (2.7%), Constanta (2.7%) and Arad (2.6%). The share of the ten counties in Romania's imports was 74%, while the rest was 26%. The main 6 groups found in the statistics of the analysed period included: machines and equipment, electric equipment and their parts (22.3%), chemical industry products (17.1%), mineral products (10.7%), vehicles, aircraft , transport ships and equipment (8.4%), foodstuff, beverages, alcoholoc drinks and vinegar, tobacco (7.7%), common metals and articles (6.2%), with a total share of 72.4% in imports of Bucharest companies.
Ten non-governmental organizations in Romania have issued a joint letter criticizing the executive for the emergency ordinance adopted on Thursday, January 16, which provides sanctions, including a turnover tax, for social media giants that fail to obey rules regarding electoral ads. Another government measure under fire from the opposition limits voting in the diaspora according […]
Dacia, part of the French Renault group, will launch several electric models to compete with Chinese brands for the affordable EV car market in Europe. The first electric model will be the next Sandero, which will appear sometime at the end of 2027, the brand's director, Denis Le Vot, said on Thursday, according to Reuters. […]
Happy 2025, dear Insiders, may it be a good year! And let it start with classics, some universal, some underground. Italian director Federico Fellini is one of the biggest names in the history of the medium. To say he was very influential is an understatement. He has his own adjective (Fellini-esque) while scenes from his […]
Romanian national airline Tarom announced the establishment of a new company, Tarom Tehnic, dedicated to providing maintenance and repair services for civilian aircraft, specializing in Boeing, Airbus, and ATR models. The new company is expected to generate revenues of up to EUR 10 million in its first year of operation, according to estimates from the […]
Romania has been named the special guest country at the 2026 Cairo International Book Fair, the Ministry of Culture announced. The event will coincide with the celebration of 120 years of Romanian-Egyptian diplomatic relations. According to the ministry, the news was shared by Dr. Ahmed Fouad Hano, Egypt's minister of culture, during a press conference […]
Bucharest has started implementing a special recycling project that directly benefits stray animals. In Tineretului, Floreasca, and Circului parks, eco-friendly vending machines have been installed to provide food and water for stray cats in exchange for recycling bottles and aluminum cans. “Street cats lead a hard life, especially in winter. Food is essential for their […]
