At a meeting with German ambassador Peer Gebauer, Minister of Entrepreneurship and Tourism Constantin-Daniel Cadariu proposed the signing of a Memorandum of Understanding for bilateral tourism cooperation as a way of maximizing mutual tourist flows, the Tourism Ministry informs in a release.The April 5 meeting was also an occasion for the sides to highlight the importance of cooperation between the two states as well as opportunities to intensify and extend the bilateral partnership."Regarding tourism, considering the high number of German visitors arriving every year in Romania, but also the presence here of some of the largest tour operators with German shareholdership, Minister Cadariu proposed the signing of a Memorandum of Understanding for bilateral cooperation in this field. To this effect, Romania intends to promote customised tourism offers in Germany, with an emphasis on the spa and health segment," the release states.The Romanian side underscored the need to reduce Romania's trade deficit with Germany, suggesting among others the relaunch of the institutional mechanisms for promoting economic cooperation at both federal and land level, specifically the Romanian-German Cooperation Council and the Joint Committees with the lands of Bavaria, Baden Württemberg and Hesse, as well as scaling up economic promotion actions - forums and business seminars with the participation of companies from both countries, the release mentions.Germany is Romania's main trading partner, accounting for over 20 percent of Romania's total exports.In 2021, bilateral trade amounted to 35.15 billion euros, up by about 14 percent compared to 2020, of which exports represented 15.34 billion euros (up 8 percent) and imports 19.81 billion euros (up 18 percent).By the amount of investments Germany currently ranks 3rd with an invested share capital of 5.18 billion euros (11.2 percent of the total foreign investments) and a number of 24,230 joint ventures registered in Romania.
ARTEX AG, a Liechtenstein-based company and sole shareholder of ARTEX MTF, a Lichtenstein-based regulated multilateral trading venue, has appointed Claudio Cisullo, Founder and Executive Chairman of the Swiss-based family office CC Trust Group AG, as non-executive Director, effective April 3rd, 2024. ARTEX AG was co-founded by H.S.H. Prince Wenceslas von Liechtenstein and Yassir Benjelloun-Touimi in […]
Prince Paul Phillippe of Romania, one of the country's notorious fugitives, was captured in Malta at a resort where he was on vacation. Paul of Romania has been on the run for nearly four years from the country, where he was sentenced to 3 years and 4 months in prison in the case regarding the […]
Hobița, the village of famous Romanian sculptor Constantin Brâncuși, is at the center of a new temporary exhibition at Art Safari in Bucharest, which opens on Wednesday, May 1, and will be on display until May 19. Art Safari also offers a family program during the Labor Day & Orthodox Easter mini-holiday, open daily from 12:00 […]
The first section of the Transapuseana, a road that crosses Romania's Apuseni Mountains, was recently inaugurated. The section consists of 43 kilometers of county road. The road (DJ 107I), initially known as the 'Transalpina of the Apuseni,' was later renamed Transapuseana. It is the largest investment on a county road in Romania, with a total […]
According to a report from Romania’s National Institute of Statistics, during the period 2020-2022, the proportion of Romanian companies that introduced new or improved products or business processes into the market was 8.8%, a decrease of 1.9% compared to 2018-2020. Business innovation refers to the wide range of activities that enterprises...
SD Worx, a leading European HR and payroll solutions provider, said that it completed the acquisition of Romanian Software SRL, the market leader in Romania for payroll and Human Capital Management (HCM) solutions. Romania thus becomes the 18th European country in which SD Worx has its own proprietary payroll & HR software. SD Worx announced […]
