In the first 6 months of the year, Romania imported milk, dairy products, eggs and honey for 348.3 million euros, on the rise by 14% against the same period of 2020, while exports went up by 7.2% - 107.3 million euros, according to the commercial balance sheet for farm produce. The value of exports in the first semester was three times lower than that of imports for these products, commercial deficit for the segment exceeding 241 million euros. According to data of the Ministry of Agriculture (MADR), Romania's deficit in the trade with foodstuff grew by over 31%,in the first half of the ongoing year, compared to the same period of 2020, totaling 1.27 billion euros. Romania exported foodstuff of 3.63 billion euros over January-June 2021, while imports exceeded 4.9 billion euros. For that chapter, MADR data include other products of animal origin, next to milk, dairy products, eggs and honey.
ASFAT, a wholly state-owned company operating under Türkiye’s Ministry of National Defence (MoND), has signed an agreement for the delivery of the light corvette Akhisar to the Romanian Naval Forces. This transaction represents a milestone for Türkiye’s defence industry, as it is the first international sale of a combat ship built in Türkiye to a […]
Wind projects with a total capacity of almost 316 MW have been declared winners in the third auction under the Contracts for Difference (CfD) scheme, above the minimum threshold set by the Ministry of Energy, according to sources quoted by Economica.net. The third auction was organised because of insufficient projects approved under...
Fitch Ratings has affirmed the long-term Issuer Default Rating (IDR) of Romania-based, state-owned bank CEC Bank at BB/stable, its Viability Rating (VR) at bb, and Government Support Rating (GSR) at b, based on the bank's moderate, albeit strengthening, business profile, adequate capitalisation, and reasonable funding and liquidity. This puts the Romanian bank's rating two notches […]
Romania's Ministry of Transport blocked a key procedural step required for the listing of Bucharest Airports Company on the Stock Exchange (BVB) after opposing an item on the shareholders' agenda concerning the resumption of the auditor selection process. The vote took place at the end of November, following a request by Fondul Proprietatea, which holds […]
Romania has begun work on a specialised production facility in Măgurele, near Bucharest, that will manufacture laboratory-grade mirrors and lenses, including components for the world’s most powerful laser hosted at the adjacent research centre, Digi24 reported. The...
The Treasury set a coupon of 6.55% for the 2-year state bonds on sale in the primary retail market in December, 40 basis points from 6.95% paid in November, and 65 basis points lower compared to October. The coupons for the other maturities have decreased accordingly to 7.1% for the 4-year maturity (-25 bp from […]
