Companies based in Bucharest had, in the first 8 months of 2024, international trade operations of 40.1 billion euros, representing 28% of Romania's foreign trade, ranking first at national level. According to a press release sent by Bucharest Chamber of Trade and Industry (CCIB), issued on Tuesday, based on statistic data announced by the National Statistic Institute (INS) about the evolution of Romania's commercial exchanges, Bucharest companies are followed by the counties of Ilfov (8%), Timis (7.7%), Arges (5%), Brasov (4%) and Cluj (3.6%). At the same time, in the same period, Bucharest companies delivered goods of 12.1 billion euros abroad, the equivalent of 19.8% of Romania's total exports. Bucharest was followed by the counties: Timis (9.4%), Arges (7.9%), Brasov (5%), Ilfov (5%), Dolj (4.4%), Arad (4.3%), Alba (4.1%), Prahova (3.5%) and Sibiu (3.3%). The share of these ten counties in Romania's export was 66.7%, while the rest of 32 had 33.3%. The main groups of exported goods by companies based in Bucharest were: electric machines and equipment and their parts (26.4%), vegetal produce (15.8%), mineral products (14.4%), chemical industry products (7.5%), foodstuff, beverages, alcoholic liquids and vinegar, tobacco and processed tobacco replacements (5.9%), common metals and articles (5.3%), auxilliary transport vehicles and accessories (3.2%), textile materials and articels (3.1%), optic equipment and instruments (3%). On the overall, the ten groups of exported goods have a share of 89.4%) of the export of Bucharest companies. In the case of imports, the concentration is higher, and Bucharest based companies recorded 28 billion euros, representing a share of 34.1% of Romania's import, over January 1- August 31, 2024. The Capital city that holds a third of all imports, was followed by the counties of Ilfov – 10.3%, Timis (6.4%), Arges (4.5%), Cluj (3.8%), Prahova (3.6%), Brasov (3.3%), Alba (2.7%), Constanta (2.7%) and Arad (2.6%). The share of the ten counties in Romania's imports was 74%, while the rest was 26%. The main 6 groups found in the statistics of the analysed period included: machines and equipment, electric equipment and their parts (22.3%), chemical industry products (17.1%), mineral products (10.7%), vehicles, aircraft , transport ships and equipment (8.4%), foodstuff, beverages, alcoholoc drinks and vinegar, tobacco (7.7%), common metals and articles (6.2%), with a total share of 72.4% in imports of Bucharest companies.
The Romanian state, through the Ministry of Transport led by Ciprian Şerban, is analysing the possibility of taking over the 20% stake that Fondul Proprietatea (BVB: FP) holds in Porturi Maritime Constanţa (CNAPMC). The move would make the state the sole shareholder of Romania's most important logistics hub, responsible for import-export, transit, storage, and operation […]
Romanian companies are increasing investment and accelerating digital transformation, but remain more cautious about the economic outlook than their EU counterparts, according to the European Investment Bank's newly released EIB Investment Survey 2025 – Romania overview. The report showed that 78% of Romanian firms invested in the past year, an improvement over previous editions yet […]
Wizz Air announced on Monday, December 8, the reopening of its base in Târgu Mureș, marking the company’s ninth operational base in Romania. The low-cost carrier will station an Airbus A320neo at Transylvania International Airport, increasing its Romanian fleet to 39 aircraft this winter. Wizz Air now offers 10 routes to eight countries from […]
East Grain Group and Poultry Investment SA have acquired the 45% stake previously held by UBM Group in UBM Feed Romania, thus becoming equal shareholders in one of Romania's largest feed producers, which will now operate under the brand Protena. East Grain is controlled by Czech agri-food group Agrofert, one of the largest agribusiness groups […]
The Foreign Investors Council (FIC) has appointed Ruxandra Băndilă as its executive director. Băndilă will coordinate FIC's activity and "will contribute to strengthening the dialogue with authorities, consolidating the organization's positioning as a reliable partner in promoting a stable and predictable business environment, as well as supporting Romania's becoming a competitive and attractive destination for […]
Romania’s European projects and investments minister, Dragoș Pîslaru, announced that he will notify the European Public Prosecutor’s Office (EPPO) regarding the purchase of electric minibuses for students with EU funds. The minister said that “multiple dysfunctions” were noted in how the EU funds were used in the project. Aside from notifying the EPPO, the minister […]
