Bucharest concentrates about 21% of the value of local exports and over 32% of the value of imports made in Romania, the Chamber of Trade and Industry of Bucharest (CCIB) informs. According to the source, about 25% of Romania's GDP is made in Bucharest. At the same time, the Capital city concentrates about 44% of the companies with foreign capital and about 53% of their subscribed capital. Bucharest also gathers 60% of the country's scientific research activity. CCIB organized the New Year Business Resolutions reception, in partnership with the consulting company Wise Finance Solution SRL, a member of the Bucharest Chamber and with the support of Romania-Ireland Business Association, Belgian Connection and Romania-India Chamber of Trade and Industry. “This event is a unique opportunity for professionals in various fields to meet, to exchange ideas and build valuable connections,” said CCIB president Iuliu Stocklosa. According to the source, the meeting brought together CCIB members, members of the three associations,business representatives and strategic partners to celebrate the beginning of a new year full of challenges and opportunities. “The event was a good oooprtunity for important representatives of the local business to have exchanges of ideas and information. During the event, every interaction could open new horizons and bring new prospects to develop business,” the press release mentions.
A memorandum establishing a new stock exchange in the Republic of Moldova was signed on September 15 in Chișinău, with the Bucharest Stock Exchange (BVB) set to play a key role as shareholder and technology partner, according to Bursa.ro. The new Moldovan exchange will run...
The “service pensions”, also known as special pensions, paid to civilians (military not included in the report), cost the state budget and the state social insurance budget a total of RON 2.2 billion in 2024, over 22% more than in 2023,
The Czech company Tesla has officially announced to the government and local authorities that it is abandoning the project to build the energy storage factory in Brăila, an investment of EUR 90 million that was also to receive state aid, according to
Romanian households' purchasing power has deteriorated in July, both as a result of slower nominal advance (+5.2% y/y, the weakest in four years) but also because of a sharp rise in inflation (7.68% y/y) following the VAT rate hike, according to data published by the statistics office INS. The average net wage dropped by 3.0% […]
Romania’s industry showed signs of recovery with the combined May-July output rising 4.0% y/y and the past year’s performance showing an upward trend (+2.9% per year). But the recent improvement data is mixed, and the past year’s trend looks extremely fragile, according to data published by the statistics office INS. The findings are consistent with […]
The Romanian city of Alba Iulia has entered the Guinness World Records after building the world’s longest table made from recycled materials, stretching more than 2.7 kilometers around the historic Alba Carolina Citadel. Organized by Bloom The World and its partners, the event, named Masa Care Unește/The Table That Unites, drew over 10,000 guests from […]
