Trade exchanges between Romania and Germany saw a moderate increase last year, up to 42.1 billion euros, with Romania maintaining its 17th position among Germany's trading partners, according to a press release of the Romanian-German Chamber of Commerce and Industry (AHK Romania).The increase in trade volume compared to 2023 is 0.9%. Imports from Romania amounted to 19.8 billion euros (+1.4%), and German exports to Romania reached 22.4 billion euros (+0.6), AHK Romania informs, based on data taken from the German Federal Statistical Office, Destatis."Trade between Germany and Romania will remain at a high level in 2024. Despite global economic challenges, Romania has managed to assert its position among Germany's top 20 trading partners, which underlines the importance of bilateral economic relations. However, compared to the previous year, growth was moderate, which is explained by the current difficult economic situation in Germany and the European Union. Solid growth impulses can still be generated if we focus on increasing competitiveness. This requires lower energy costs, reducing bureaucratic procedures for companies, a better environment for innovations, which also involves the development of appropriate skills and the strengthening of the European single market, respectively the reduction of existing barriers," explained Sebastian Metz, general director of AHK Romania, quoted in the press release.For an increase in competitiveness in Romania, he believes its is necessary to increase spending on education and research at least to the level of the European average. Sebastian Metz mentioned that Europe must continue to focus on concluding international trade agreements with other regions of the world as soon as possible, in order to balance the potential deterioration of relations with traditional partners. "Diversifying trade partnerships is an important strategy to reduce dependencies and, implicitly, risks. The Romanian government can also make efforts in this regard at the European level," Metz added.AHK Romania is the official representative office of the German economy in Romania. Established in 2002, AHK has more than 670 member companies and offers companies an important platform for networking, exchanging information and experiences. Through the services it offers and the events it organizes, AHK Romania actively supports German companies in their entry into the Romanian market and is also a partner of Romanian companies interested in the German market. Since January 1, 2020, the Competence Centre for the Republic of Moldova has also been operating within AHK Romania.
A Romanian Air Force C-130 Hercules aircraft evacuated 10 Palestinian patients from Gaza on Wednesday, September 17, in a humanitarian mission coordinated with European and international partners, Romania’s Department for Emergency Situations (DSU) said. The patients, accompanied by 28 relatives, were flown from Israel’s Ilan and Asaf Ramon International Airport to Bucharest’s 90th Airlift Base […]
Romanian developer One United Properties (BVB: ONE) has signed a memorandum of understanding (MOU) with lifestyle hospitality company Ennismore to open a hotel under the brand The Hoxton in Bucharest. The Hoxton Bucharest will be located on Academiei Street, close to the University of Architecture. The hotel will rise on the site of three historic […]
Fewer than three out of four Romanians have a good opinion about the introduction of voluntary military service, a ratio slightly lower compared to a decade ago in 2015, the percentage being now lower among the AUR and PSD electorate, according to an ISCOP Research survey published on September 17 in the context of Russia […]
Romanian president Nicusor Dan informed the Parliament that he approved a request by the United States to bring additional forces to Mihail Kogalnicanu base at the Black Sea, in light of the rising tensions in the Middle East, according to
In a couple of meetings expected to generate a breakthrough on four key topics on September 17, Romania's ruling coalition deferred a final decision on the local administration staff cutting and the prolongation of the food price capping mechanism, according to Observatornews.ro....
Hungary's state company MVM responded to rumours, saying it has not abandoned plans to take over E.ON's Romanian subsidiary – but it only "temporarily withdrew from the FSR mechanism" because the approval of the investment by the Romanian authorities takes more than expected and the company needs to "balance its costs and resources," according to
