The first edition of the Romania-Brazil Business Forum organised by the Brazilian Embassy in Bucharest will take place on Wednesday, May 29, according to the Bucharest Chamber of Commerce and Industry (CCIB).The forum focuses on entrepreneurship in Brazil and Romania.Brazil is the largest country in South America in terms of land size, population and economy. In its turn, Romania is the 12th largest economy in the EU. Despite this, according to the National Institute of Statistics (INS), trade with Brazil accounted last year for only 1.65% of Romania's trade with non-European countries and less than 1% of trade with non-EU countries.Romania imports from Brazil mainly raw materials and semi-finished products, especially soybean residues (used as animal feed), sugar, crude oil, coffee, tobacco, beef and construction materials.Romania's exports to Brazil consist of products with higher added value, especially automotive components, beverages, medicines and IT services."The current negotiations on a free trade agreement between Mercosur (Brazil, Argentina, Uruguay and Paraguay) and the EU will mark a new era between the two regions with clear common values. This region-to-region agreement, once signed, will represent more than mere trade concessions; it will be a testament to our commitments to doing business and developing together," according to Brazil's ambassador in Bucharest.The first edition of the Brazil-Romania Business Forum is said to ask a key question for the relationship between the two countries: what can be done in the coming years to improve bilateral trade and investment ties between Romania and Brazil?Bilateral trade has hovered around an average of USD 750 million in recent years, but these figures from Brazilian sources do not yet reflect the full potential of trade ties between Brazil and Romania.What the May 29 event is said to expect in terms of strengthening and promoting the strategic partnership between the two countries is establishing a more comprehensive trade dynamic, supporting the bilateral business environment, promoting partnerships between Brazilian and Romanian companies, creating a platform for regular trade forums in the future, intensifying and diversifying bilateral trade.Last but not least, the Brazil-Romania Business Forum will serve as a platform linking the two economies, encouraging trade and sustainable investment to the benefit of both countries.
The agency plans to expand its team and reach a turnover of EUR 450,000 by year-end. June Communications (JUNE), a business-to-business PR and integrated communications agency, has appointed Bianca Caragea as its new Operations Manager. The step strengthens the agency’s management team as it enters a new stage of growth after seven years of sustained […]
The Babeș-Bolyai University of Cluj-Napoca (UBB) has established an endowment fund, which the institution described as a "strategic" financial mechanism aimed at supporting academic excellence and ensuring the long-term sustainability of university projects. The initiative is a first of its kind in the local academia, UBB said. The endowment fund involves attracting donations/financial resources and […]
Romanian authorities are reportedly considering imposing an access fee for the Transfăgărășan mountain road. The funds would be used for setting up decent parking areas, selecting merchants, and similar initiatives. The beautiful, winding road is one of the most visited tourist attractions in the country. Local authorities say the funds from an eventual toll would […]
Colombian reggaeton superstar J Balvin will perform in Dubai for the first time this November, headlining Untold, the globally recognized festival born in Romania. The event will take place from November 6 to 9 at Dubai Parks and Resorts, featuring more than 100 international acts across five stages. The festival is staged in partnership with […]
More than 17% of Romania’s population faced severe material and social deprivation last year, which was one of the highest shares in the EU, according to the statistical bureau of the European Union - Eurostat. In 2024, 6.4% of people in the European Union faced severe material and social deprivation, a slight decrease compared to […]
The Freedom and Respect for Every Earthling association will hold the March for Animal Rights in Bucharest on October 4, to mark International Animal Day. The march will start at 11 AM at the National Theater Park, and will go on to Piața Victoriei. Organizers say they aim to bring to the forefront the suffering […]
