Prime Minister Marcel Ciolacu met on Friday at the Victoria Palace of Government with Italy's ambassador to Romania Alfredo Maria Durante Magnoni, in the run-up to the upcoming joint sitting of the governments of Romania and Italy, scheduled on February 14 and 15 in Rome."The sitting of the two governments is yet another excellent opportunity for us to work together for our citizens and provide new levers of collaboration to Romanian and Italian investors. Deepening economic cooperation and attracting Italian investments to Romania are priorities of our bilateral relationship," Ciolacu said as cited in a release of the Executive.Talks tackled the bilateral agenda, European topics and regional security, with particular focus on economic cooperation between the two states, the cited source said.The Romanian-Italian Economic Forum will take place on the sidelines of the joint government meeting, with the participation of over 100 companies from sectors like energy, large infrastructure and defense."Italy is Romania's second largest trading partner, the second destination market for Romanian exports, and the second most important source country for imports to Romania. In 2023, bilateral trade hit an all-time record high of over 20 billion euros. Also in 2023, Italy ranked 6th of the list of foreign investors to Romania. More than 70 percent of the share capital of Italian companies is invested in Romanian industrial and energy companies," the release shows.
Exim Banca Romaneasca diversifies its product portfolio and launches the Mastercard World card in EURO, a tool that enhances the payment experience for people who travel or work abroad, offering premium advantages, benefits, and rewards. The new EURO card from Exim Banca Romaneasca has as its main advantage the reduction of costs associated with transactions...
A report by cybersecurity company Refute uncovered a large-scale international influence operation targeting Romanian diaspora voters on TikTok ahead of the second round of Romania’s presidential elections on May 18. The report identifies approximately 32,500 TikTok videos containing slogans promoting the populist candidate George Simion and former candidate Călin Georgescu. Many of these videos are […]
Romania's gross domestic product (GDP) remained largely unchanged in the first quarter of 2025 compared to the previous quarter, according to flash estimates published on May 15 by the National Institute of Statistics (INS). The economy recorded a growth of 0.2% in gross series and 0.5% in seasonally adjusted series compared to the same quarter of […]
Iulius Mall Suceava has officially inaugurated its EUR 40 million expansion that transformed it into “the largest retail and entertainment hub in northern Romania,” according to the official announcement. Developed by IULIUS and Atterbury Europe, the project adds 16,500 sqm of new retail space, bringing the mall's total area to 60,000 sqm. The expansion introduces […]
The European Bank for Reconstruction and Development (EBRD) announced the launch of the second edition of its Star Venture program in Romania this week, following a first edition in 2022. The program provides high-potential startups with business expertise and access to finance. After the round of applications, 10 promising startups were shortlisted to showcase their […]
Non-profit BookLand started building last year a pre-university, dual-system campus in the village of Vultureşti, in southern Romania’s Argeş county. The campus will train pupils in various specializations, allowing them to work in industries ranging from hotels & restaurants to retail and food. More on how the project got off the ground and what it […]
