Romania's economy will not be directly impacted massively by the tariff war, but the problem is the indirect impact, namely how the customers of companies in Romania will be affected, Andrei Cionca, initiator of the CONFIDEX survey and co-founder of Roca Investments, said on Tuesday."Romania's economy, from what we can see so far, will not be directly impacted massively. The problem that we see today in our portfolio of companies, and we assume it is a generalised problem in the economy, is the indirect impact. That is, we do not know today our foreign customers, especially those from Western Europe, how impacted they will be by these tariffs, because we do not know their exposure to customers and especially to customers from the U.S. So, we cannot quantify at this moment," said Cionca.According to him, the second effect is an increase in the pressure of Chinese products in markets other than the US, and he estimates a major change at global level and a redistribution of markets."A second effect that we see is an increase in the pressure of Chinese products in the other markets, other than the United States, in which our companies also operate. That is, we expect that, for example, in the Gulf states there will be a lot of pressure on Chinese products, because there they will be able to reroute the production that they can no longer download or they can unload on very high tariffs in the United States. So we believe that globally there will be a major change and I think that this is being discussed today behind what we see on television, I think that there are some very precise calculations and some markets that are redistributed today and that will not impact us very much, because we are not directly exposed to the United States, than relatively little, but it will certainly be an indirect impact that we cannot estimate today because of the shielding we have. We are screened by our customers, we don't know what they do or what their turnover structure is," added Cionca.He said that, if a measurement were made, there would be an increase in the precautionary degree of companies.Andrei Cionca presented on Tuesday the 12th edition of CONFIDEX, a longitudinal pro-business survey.
Homedit, a Romanian brand of premium furniture and home décor, announces the official opening of its first showroom, located in an interwar house in central Bucharest ("The Bamboo House”, located at No.3, Dumbrava Roșie St.). With a total investment of approximately EUR 12 million, the business was founded in 2016 as an online store by […]
The 32nd edition of the Sibiu International Theatre Festival (FITS) begins on Friday, June 20, bringing over 5,000 artists from 82 countries to the city. The events will take place over ten days and will transform the city into an "open-air stage, with large-scale productions, impressive installations, parades, fire shows, live music, aerial dances, and […]
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Romania benefits from a series of favorable factors that facilitate the growth and expansion of data center capacity and could emerge as a developing market, according to an analysis conducted by the real estate consultancy company Cushman & Wakefield Echinox. A diversified energy mix, with over 50% of energy production coming from renewable sources, along […]
The German company DEHN, a manufacturer of electrical engineering solutions for critical infrastructure, including lightning and surge protection, as well as safety equipment, will open a production site in Piteşti, southern Romania. The facility, the company's first in the country, will expand its capacities to serve customers in Europe. It fits seamlessly into the company's […]
