The EU’s second largest grain exporter, after France, Romania reached the top in the first half of this trading year, with exports 2.1 times higher than its main competitor. Romania’s exports of common wheat, common wheat flour – grain equivalent, durum wheat, durum wheat flour – grain equivalent, barley and maize amounted to 5.1 million tons in the first half of this marketing year (July 1, 2024-January 5, 2025), placing Romania in first position in the top of the largest exporters in the EU, according to European Commission data. A third (30.8%) of all that the EU exported in the analyzed period, namely 16.5 million tons of cereals, had as its source Romania, which surpassed France by a difference of 2.7 tons. Germany follows, with exports of over 1.7 million tons of cereals, Lithuania, with 1.4 million tons of cereals and Poland, with 1.3 million tons. By type of cereals, Romania is, for the moment, the largest European exporter of wheat, with traders delivering over 3.2 million tons out of 11.1 million tons sold by the EU in total. We are also leaders in barley exports, with deliveries of over 1.3 million tons out of 2.2 million tons. However, in corn, we lost the traditional first place, in favor of Poland. The difference in quantity is small (352,914 tons vs. 348,030 tons). In the 2023/2024 marketing year (1.07.2023-30.06.2024), Romania delivered 30.8% more cereals across the EU borders than in 2022, namely 10.6 million tons, which placed Romania again in second place after France, which marked deliveries of 13.6 million tons. Last marketing year, Romania was the largest exporter of corn, with 2.7 million tons, out of the 3.9 million tons delivered by the EU, and the second largest exporter of common wheat, after France (9 million tons).
Gold has been one of the most sought-after assets for centuries, and in the modern era, it has become a highly popular component of investment portfolios. A preferred asset for protection against economic risks, gold has delivered attractive long-term returns, increasing by approximately 8% per year over the past two decades. Since the end of […]
JTI Romania is the Top Employer for the 12th year in a row, being ranked third amongst 44 companies locally awarded, after an assessment conducted by the Top Employers Institute. The company was rated for about 20 criteria such as leadership, talent acquisition, on-boarding, digital HR, work environment, career development, learning, ethics & integrity, diversity, […]
Romanian defense minister Angel Tîlvăr stated that the contract for the Patriot system, which will replace the one ceded by Romania to Ukraine, is expected to be signed in February. The minister commended the decision of the United State government to approve the delivery of three Patriot systems to Romania. Raytheon stated it will collaborate […]
Romanian companies are entering 2025 with cautious optimism, focusing on managing risks and controlling costs, according to the Deloitte 2025 Romania CFO Survey conducted at the end of last year among approximately 130 Chief Financial Officers (CFOs). Most of the Romanian CFOs predict an increase in revenues for this year (58%), but their share has […]
Several employees of the Romanian Senate began protesting and booing while the president of the upper Chamber was announcing that staff restructuring would be implemented to reduce public spending. Ilie Bolojan, president of the National Liberal Party and head of the Senate, announced a reduction in the organizational chart from 796 positions to 618 positions. […]
The members of the Romanian angel investor network TechAngels put EUR 2.757 million in direct investments in tech startups in the second half of 2024, almost triple the amount invested in the year's first half. The investments for the entire 2024 rose to EUR 3.777 million, a 25% year-on-year increase. The rounds backed by TechAngels […]
