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.
Bergenbier celebrates three decades of presence on the Romanian market, consolidating its status as an emblematic brand in the beer industry. On this occasion, the brand celebrates the authentic moments that have united generations of friends around a beer. In the spirit of this anniversary, Bergenbier brings back the famous slogan "Friends Know Why", launched […]
Digital Nation and the Ministry of Education and Research announce a partnership for the implementation of Saro, a concrete and functional AI-based solution, in schools and universities across Romania — the most significant step within the ministry’s initiative to integrate Artificial Intelligence into education. The Ministry of Education and Research will support the implementation of […]
Apple and Nvidia, the world’s two most valuable companies by market capitalization, pledged over USD1tn towards the US electronics supply chain, presenting themselves as strategic allies in reshoring and industrial sovereignty efforts. However, a closer look reveals these politically symbolic gestures lack the genuine reshoring shifts claimed, posing hidden economic and geopolitical risks. High-profile promises […]
Symmetrica, the leading local producer of vibropressed pavers and curbs and the largest Romanian manufacturer in its sector, is entering the final phase of construction for its new factory in Bolintin Vale (Giurgiu County). This facility will be the largest concrete paving and slab production unit in both the company’s network and the Southeastern European […]
Young people aged between 16 and 18 in Romania will be able to establish and manage a new type of limited liability company (S.R.L.), which will be called a "firmă de exercițiu" (practice firm) and will have the abbreviation "S.R.L.-F.E.", according to a new project. A young person will be able to establish or acquire […]
Developer Skanska has signed an agreement to sell the first phase of the Bucharest office complex Equilibrium to Gordiusz Private Equity Fund, managed by Gránit Asset Management. The transaction value amounts to EUR 52 million. The Equilibrium office complex consists of two buildings in the business district Floreasca – Barbu Vacarescu. The first phase, which […]
