Romania's economy will not be directly impacted massively by the tariff war, but the problem is the indirect impact, namely how the customers of companies in Romania will be affected, Andrei Cionca, initiator of the CONFIDEX survey and co-founder of Roca Investments, said on Tuesday."Romania's economy, from what we can see so far, will not be directly impacted massively. The problem that we see today in our portfolio of companies, and we assume it is a generalised problem in the economy, is the indirect impact. That is, we do not know today our foreign customers, especially those from Western Europe, how impacted they will be by these tariffs, because we do not know their exposure to customers and especially to customers from the U.S. So, we cannot quantify at this moment," said Cionca.According to him, the second effect is an increase in the pressure of Chinese products in markets other than the US, and he estimates a major change at global level and a redistribution of markets."A second effect that we see is an increase in the pressure of Chinese products in the other markets, other than the United States, in which our companies also operate. That is, we expect that, for example, in the Gulf states there will be a lot of pressure on Chinese products, because there they will be able to reroute the production that they can no longer download or they can unload on very high tariffs in the United States. So we believe that globally there will be a major change and I think that this is being discussed today behind what we see on television, I think that there are some very precise calculations and some markets that are redistributed today and that will not impact us very much, because we are not directly exposed to the United States, than relatively little, but it will certainly be an indirect impact that we cannot estimate today because of the shielding we have. We are screened by our customers, we don't know what they do or what their turnover structure is," added Cionca.He said that, if a measurement were made, there would be an increase in the precautionary degree of companies.Andrei Cionca presented on Tuesday the 12th edition of CONFIDEX, a longitudinal pro-business survey.
Bitdefender, a global cybersecurity solutions provider founded by Romanian entrepreneurs Măriuca and Florin Talpeş, has agreed to acquire Mesh Security Limited (Mesh), a provider of advanced email security solutions founded in Ireland. Through the acquisition, Mesh’s email security technology and capabilities will be integrated into Bitdefender’s extended detection and response (XDR) platform and managed detection and response (MDR) services. […]
Several hundred people, mostly women, gathered on Wednesday, June 18, in Bucharest's Victory Square to voice their anger against the killing of women in Romania and demand reforms. Since the beginning of the year, 26 women have been killed. People brought signs displaying messages such as: “Safety for all women,” “Why is it always my fault?” […]
Investment executive Nikolaus Bethlen has been driving a family effort to restore rundown, historic properties in and around the village of Criș, in Mureş county, and repurpose them as part of Bethlen Estates Transylvania, a tranquil retreat where the preservation of the area’s heritage takes center stage. The Bethlen family, with a long line of […]
Approximately 30 parliamentarians, members of far-right politician Diana Sosoaca’s party SOS Romania, the equally far-right Young People’s Party, or POT, and unaffiliated members decided on Wednesday, June 18, to form a new sovereignist bloc "Romania First Alliance." The new bloc is guided by “European values,” according to its representatives, despite the fact that their parties, […]
Darryl Nirenberg, a veteran US lobbyist and diplomat, was officially nominated by president Donald Trump for the position of ambassador to Romania on Wednesday, June 18. American President Donald Trump declared back in May that Darryl Nirenberg would be the new US ambassador to Bucharest, saying that he has 40 years of experience and will […]
Brand Management, a Romanian company with over two decades of expertise in offline advertising, announces the official launch of Generatik. This revolutionary digital platform fundamentally transforms how promotional campaigns are carried out in physical spaces. For the first time in Romania, an offline campaign can be planned in 20 minutes instead of 20 days. The […]
