Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. CCIR proposes Japanese investors to use Port of...

CCIR proposes Japanese investors to use Port of Constanta for trade with Europe and Romania

November 18, 2021

The Port of Constanta can become an important storage and transit point for goods brought from Japan to Europe and Romania, the president of the Chamber of Commerce and Industry (CCIR), Mihai Daraban, told the ambassador of Japan, Hiroshi Ueda, on Monday, according to a statement issued by CCIR on Tuesday."It is very important for the Romanian business environment not to limit itself to traditional markets, such as the European Union, and to try to access especially the markets of the G20 countries, such as Japan. At the same time, Japanese investors are more than welcome in Romania, the Port of Constanta being an opportunity, from this point of view, through the key position in the Black Sea. The Port of Constanta can become an important logistical hub in the movement and storage of goods brought from Japan for the Romanian market and for Europe. The Port of Constanta offers all the necessary facilities for new investments, including generous land areas, while ensuring a strategic position with an opening to Central and Western Europe through the Danube river corridor. This type of facility is unique, given that the development of Western European ports has already reached its full potential," the CCIR president was quoted as saying in the release.In turn, the Japanese ambassador explained that Japanese businessmen are going to launch a scholarship program in the field of business administration for Romanian entrepreneurs."Romania and Japan have developed a very good cooperation relationship, at least in the last period, as evidenced by both official visits and concrete projects such as the suspension bridge over the Danube, carried out together with a Japanese company. The Japanese business environment, representative of Keidanren (Business Federation of Japan), is very interested in the Romanian market, and when the pandemic situation allows it, they will organize a business visit to your country. The program involves the award of a one-year scholarship, with all the expenses covered, at the end of which the graduates receive a master's degree. We reiterate the invitation to CCIR to get involved in identifying potential candidates for these scholarships in the field of business administration," said Hiroshi Ueda.According to the data of the National Trade Register Office, the total volume of Romania-Japan trade amounted to 745.27 million euros at the end of last year and 341.94 million euros at the end of June 2021.At the level of August 2021, a number of 390 Japanese companies were active in Romania, with a total value of the invested share capital of 295.32 million euros.   (Photo:https://ccir.ro/)

Read in full - click here
Major bicycle parts maker goes ahead with plans for Romanian factory

Taiwanese group DDK, one of the world's largest manufacturers of bicycle saddles and components, has registered in Romania the company DDK Europe Bicycle Components, based in Timisoara, Romania, marking a new stage in the group's plan to open a production facility in the country, according to

Romania places non-binding bid for Moldova's sole maritime port Giurgiulesti

The Romanian state, through the company that manages the Port of Constanta, submitted a non-binding offer to take over the operator of Moldova's sole maritime port Giurgiulesti (PILG), namely the company Danube Logistics (Moldova), from the European Bank for Reconstruction and Development (EBRD), according to

Romania reportedly reaches deadlock in talks with EC on Resilience Facility money

The European Commission reportedly refused Romania's plan to re-allocate Resilience Facility money from infrastructure projects that are delayed and can not be implemented within the deadline to projects that are in a more advanced stage but were developed under national schemes (hence contracted under different, generally less restrictive, procedures). Even if the formation of a […]

Romania keeps monetary policy rate at 6.5%

In line with broad consensus, Romania's central bank (BNR) decided to keep interest rates unchanged at 6.5% in the May 16 meeting.  Amid persistent inflation (5.3% y/y CORE2 inflation in March-April) and fiscal uncertainties, analysts expect the first rate cut no sooner than this autumn. Disappointing growth and monetary policy stance of the ECB and […]

European leaders congratulate Bucharest’s pro-EU mayor Nicușor Dan on presidential election victory

Pro-EU independent candidate Nicușor Dan, the mayor of Bucharest, has won Romania’s presidential election on May 18, drawing congratulations from leaders across Europe. Among them, Moldovan president Maia Sandu, EU leaders Ursula von der Leyen, Antonio Costa and Roberta Metsola, French president Emmanuel...

UPDATE - Romania presidential elections 2025: Romanians confirm pro-EU choice as Bucharest mayor Nicusor Dan wins presidency

Update: Bucharest Mayor Nicusor Dan won the Romanian presidential election on May 18, according to the official vote count. With 98.5% of the ballots counted, Nicusor Dan had 54.17% of the votes, 900,000 more than his opponent, nationalist George Simion. A record turnout both in the country and abroad helped Dan come back from 1.88 million […]