Moldova's Investment Agency will make its 2025 strategy keeping Romania on top of the list of its partner countries, director of the 'Invest Moldova' Investment Agency Natalia Bejan declared on Friday."Undoubtedly, for the Government of the Republic of Moldova, Romania is the No. 1 trading partner. Most of our exports go to Romania, imports are also from Romania. We have the largest investments in Romania, we overcame the energy crisis thanks to Romania," said the 'Invest Moldova' Agency's director.She specified that the agency has set itself four directions of action: attracting investments, promoting exports, promoting the country's image and economic diplomacy.'Invest Moldova' is a public institution under the authority of the prime minister, which provides individual assistance to foreign and local investors."We realized that many people, even from the economic sector, do not perceive the Republic of Moldova as a business destination. We help companies find staff in the Republic of Moldova, land to build on, we are operationally involved in all administrative processes. We work mainly with business associations and make efforts to export Republic of Moldova products," said the director of the Investment Agency.According to a presentation by the agency, the Republic of Moldova has been a European Union candidate state since July 2022, and accession negotiations began in June 2024.The Republic of Moldova's GDP was $16.54 billion in 2023. Romania has maintained its status as the No. 1 trading partner of the Republic of Moldova since 2014.The country's exports in 2023 totaled $6.5 billion, with 65.4% thereof bound for the EU (exports to Romania accounted for 35.1%).Imports amounted to a total of $10.21 billion in 2023. In percentages, imports from the European Union accounted for 48.3% (imports from Romania represented 15%).There are around 1,500 Romanian companies in the Republic of Moldova, with about 12,000 employees and 1 billion euros in total turnover.Moldovan companies in Romania employ around 22,000 people and have a total turnover of around three billion euros.
ASFAT, a wholly state-owned company operating under Türkiye’s Ministry of National Defence (MoND), has signed an agreement for the delivery of the light corvette Akhisar to the Romanian Naval Forces. This transaction represents a milestone for Türkiye’s defence industry, as it is the first international sale of a combat ship built in Türkiye to a […]
Wind projects with a total capacity of almost 316 MW have been declared winners in the third auction under the Contracts for Difference (CfD) scheme, above the minimum threshold set by the Ministry of Energy, according to sources quoted by Economica.net. The third auction was organised because of insufficient projects approved under...
Fitch Ratings has affirmed the long-term Issuer Default Rating (IDR) of Romania-based, state-owned bank CEC Bank at BB/stable, its Viability Rating (VR) at bb, and Government Support Rating (GSR) at b, based on the bank's moderate, albeit strengthening, business profile, adequate capitalisation, and reasonable funding and liquidity. This puts the Romanian bank's rating two notches […]
Romania's Ministry of Transport blocked a key procedural step required for the listing of Bucharest Airports Company on the Stock Exchange (BVB) after opposing an item on the shareholders' agenda concerning the resumption of the auditor selection process. The vote took place at the end of November, following a request by Fondul Proprietatea, which holds […]
Romania has begun work on a specialised production facility in Măgurele, near Bucharest, that will manufacture laboratory-grade mirrors and lenses, including components for the world’s most powerful laser hosted at the adjacent research centre, Digi24 reported. The...
The Treasury set a coupon of 6.55% for the 2-year state bonds on sale in the primary retail market in December, 40 basis points from 6.95% paid in November, and 65 basis points lower compared to October. The coupons for the other maturities have decreased accordingly to 7.1% for the 4-year maturity (-25 bp from […]
