Romania has moved one place in the ranking of Germany's leading trading partners in the first half of this year, currently ranking 16th, and trade between the two countries has exceeded by 3.9% the volume recorded in the same period last year, according to data released by the German-Romanian Chamber of Commerce and Industry (AHK Romania), citing the Federal Statistical Office (Destatis).Imports and exports between Romania and Germany amounted to 21.7 billion EUR between January and June this year, up by 3.9% compared to the same period last year, when they amounted to 20.5 billion EUR.Thus, exports to Romania amounted to 11.8 billion EUR, which means an increase of 6% compared to the similar period in 2023, while Germany's imports from Romania exceeded 9.93 billion EUR, an advance of 1.4% compared to the first six months of last year.According to the cited source, these results place Romania 16th among Germany's trading partners in terms of exports and on 19th in terms of imports. According to trade data from the first half of this year, Romania has moved up to the 16th position, overall, among Germany's top trading partners. At the end of 2023, our country ranked 17th, and 21st in 2022."We are obviously pleased that bilateral trade relations have intensified, despite the difficult economic situation in Europe and especially in Germany. However, the decrease in Romanian exports to Germany reflects the weaker economic evolution in Germany, in particular the very tense situation in the automotive sector, but not only. In both Germany and Romania we need to focus on increasing the competitiveness of investment locations. Additional burdens such as tax measures like tax increases or additional bureaucratic duties do not help companies at all. Investments in infrastructure (transportation, the energy network) and in the education system, cutting red tape, increasing state investments in key sectors are needed more than ever," said Sebastian Metz, director general of the German-Romanian Chamber of Commerce and Industry, in a press release sent on Tuesday.As of January 1, 2020, the Competence Center for the Republic of Moldova is also operating within AHK Romania.
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 […]
