Romanian companies strictly comply with the restrictive measures imposed by the European Union on the member countries' trade with Iran, which has significantly reduced the range of products that can be subject to mutual exchanges, Chairman of the Bucharest Chamber of Commerce and Industry (CCIB) Iuliu Stocklosa said on Monday.In the first 11 months of 2023, the total value of trade between Romania and Iran was standing at USD 205.5 million, down 34.7% y-o-y, of which USD 146 million (-35.2%) worth of Romanian exports and USD 59.5 million (-33.6%) worth of imports from Iran.Iran ambassador to Romania Seyed Hossein Sadat Meidani paid a working visit to CCIB accompanied by Iran's commercial attaché Mohammad Hossein Ahmadzadegan.Romanian statistics reveal that after a record year 2021, there was an important cut in trade in 2022, a trend that was maintained in the first 11 months of 2023, according to the available data.Topping the Romanian exports is corn (93.4% of deliveries) and fresh sheep meat, with a share of 3.6%. The rest of the delivered products are quantitatively insignificant, each holding a share of less than 1%.The ambassador said that there is an untapped business potential at the SME level, with products that are not subject to restrictions and that could be identified through dialogue with the Tehran Chamber of Commerce, Industry and Mining under a co-operation agreement with CCIB of October 2, 2015, ensuring the full support of the Iranian Embassy for the resumption of contacts at the level of the chambers of commerce in the capitals of the two countries.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
