The season of Christmas markets and fairs kicks off this week in Sibiu, Craiova, and in Bucharest, while an exhibition on Caravaggio's influence opens in Timișoara.
Cristina Bojica, member in the board of the French Chamber of Commerce and Industry, Romania (CCIFER) stated recently that there are over 4,200 companies with majority French capital in Romania, and they generated 125,000 direct workplaces. ‘I will mention what France means in figures. It is the third source of foreign capital in Romania, as you know. There are over 4,200 companies with French majority capital. They became, all of them, important contributors in the economy, and in the Romanian society, and this is not only through the capital they bring which is evident, but by generating almost 125,000 direct workplaces, through the mobilization of numerous SMEs in their production chain, supply chain and so on. But what it is specific to France is that they bring know-how every time they come and bring transfer of technology, similarly, what helped our country in its development’ Cristina Bojica said. She presented which are the domains of attraction for France. ‘The domains aimed by foreign investors in Romania are those which represent the points of attraction of Romania and the points of attraction of Romania will be mentioned shortly from the point of view of the French Chamber of Commerce and thus they will be presented to French investors when they want, to develop their activity here. Firstly I mention the belonging to the European Union. But this belonging in the present context has three very concrete factors. It is a unique source of stability, which reduces the risks of foreign investments, as we know, which is at the basis of supplementary financing sources against the financing which we saw presented by the authorities in this event, the financing is source of the Romanian state, European financing which is 80 billion euros available today in the domain of transport infrastructure, health, education, green trading. These domians are domains of interest for French investments’ Cristina Bojica said. She also stated that the French investors are interested in the IT domain. Other sectors of interest for the French companies in Romania are agro-food and energy.
The season of Christmas markets and fairs kicks off this week in Sibiu, Craiova, and in Bucharest, while an exhibition on Caravaggio's influence opens in Timișoara.
Electrical cable manufacturer ELECTROPLAST is carrying out an investment project estimated at over EUR 9 million for modernizing the production unit and expanding its facilities. This investment project will triple production capacity and lead to reduced electricity consumption and carbon footprint. ELECTROPLAST is participating in the modernization of Romania's railway infrastructure. The company recently contracted...
Following an investment of EUR 2.5 million in the renovation and refurbishment of a historic building in the Rosetti Square area in downtown Bucharest, the InStil Hotels group, owned by the Alecu family, is diversifying its portfolio with a new 4-star boutique hotel property. Named Ecletico Villa, the property offers 18 rooms. The new boutique […]
The rising labor costs, the recruitment process, and the retention of experienced employees are the main challenges for business services companies active in the country, according to the 2024 report of the Association of Business Service Leaders in Romania (ABSL). According to ABSL data, all companies reported salary increases this year, and the estimated growth […]
MerchantPro, local SaaS eCommerce platform, analyzed the performance during the week leading up to Black Friday 2024, confirming the establishment of Black Week as an extended shopping event that captures consumer interest over seven days. Data collected from a sample of approximately 1,000 local online stores shows a 5% increase in the number of orders...
The sixth edition of the Classix Festival takes place in Iași between February 23 and March 2, 2025. According to the organizers, the event's new concept, Revelations!/Revelații!, "outlines moments of profound clarity, unexpected inspirations, and mind-blowing discoveries." "After previous editions focused on the discovery of desires (2024), metamorphoses (2023), and the primal instinct of music […]