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.
VTEX (NYSE: VTEX), the composable and complete commerce platform for premier B2C and B2B brands and retailers, announces a global partnership with Premier League champions Manchester City, becoming the club’s official partner for digital commerce operations. VTEX, with offices including in Romania, will support Manchester City in improving and streamlining its global digital commerce operations. […]
Romanian tech company OVES Enterprise has entered a strategic partnership with US-based MSI Defense Solutions to develop a new generation of AI-powered anti-drone and anti-missile systems. The collaboration marks a major step forward in defense technology, targeting the growing threat of autonomous aerial attacks on modern battlefields. MSI is a longstanding partner of the US […]
Romania’s highway network grew by 140 kilometers in 2024, reaching a total of 1,137 kilometers by the end of the year, according to new data from the National Institute of Statistics (INS). The increase comes as part of the country’s broader efforts to improve its transport infrastructure, with highways now making up 6.3% of the […]
Romanian prime minister Marcel Ciolacu again stated that Romania will not send any soldiers to the front in Ukraine, emphasizing that the commitment to allocate over 2% of the GDP for defense remains essential. The statements were made on Wednesday, April 23, during the Romanian Land Forces Day ceremonies. During the event, the official congratulated […]
Bihor County Council announced on Wednesday, April 23, that it signed a contract with Lufthansa for the operation of Oradea-Munich flights beginning this summer. The flights will be operated by Lufthansa CityLine with the Bombardier CRJ 900 aircraft, with a capacity of 90 seats in Business and Economy classes. The German airline will operate three […]
The leader of the Romanian far-right party AUR (Alliance for the Union of Romanians), George Simion, has reportedly cleared the signing of a USD 1.5 million contract with BGD Legal & Consulting to buy lobby services in the US aimed at resulting in interviews and meetings with American officials, according to
