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.
Romania’s profit share, defined as the proportion of value added distributed by non-financial corporations to capital rather than labour, fell for the second consecutive year to 48.1% in 2024, Eurostat reported on December 7. The ratio was 40.0% on average in the European Union, with below-average ratios in more developed countries such as France (32.2%) […]
The pension law "brutally violates the independence of the judiciary" and "de facto eliminates the service pension for magistrates," according to the reasoning published by the High Court (ICCJ) along with its decision to refer the magistrates' pensions law to the Constitutional Court, Ziarul Financiar reported. ...
The Romanian state, in a document on December 5, expressed its intention to take full control of the National Airports Company of Bucharest (CNAB), which operates Otopeni Airport and Baneasa Airport, where the minority shareholder Fondul Proprietatea has a 20% stake, Ziarul Financiar reported. The...
Romania's Interministerial Committee for Supporting the Implementation of Reform 9 (CNR9), led by deputy prime minister Oana Gheorghiu, has selected 17 state-owned enterprises from a total of about 1,500 to undergo initial screening ahead of potential restructuring or liquidation. The decision marks the first stage of a wider overhaul programme announced by prime minister Ilie […]
The retail sales volume index in Romania recovered for the second consecutive month in October, when it increased by 0.9% m/m after the 1.3% m/m advance in September – but it was far from fully recovering the 4.0% m/m plunge seen in August as an effect of higher VAT rate enforcement amid already negative consumer […]
Romania’s total market production index (TMPI), a composite indicator compiled by Eurostat that combines four short-term business statistics indicators covering most of the market economy, increased by 4.2% y/y in Q3 - the sharpest rise in seven quarters (+0.3% y/y in Q2) and twice the 2.1% average advance in the European Union. The seasonally-adjusted index […]
