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 Patriarch of the Romanian Orthodox Church, Daniel, congratulated Pope Leo XIV for succeeding Pope Francis on Thursday, May 8. He expressed confidence that the new pope will continue to promote "the spirit of dialogue, peace, and cooperation between the Roman Catholic Church and the Orthodox Church." "In a world facing multiple spiritual, economic, and […]
The organizers of the Untold festival announced they will offer a RON 150 (EUR 30) voucher toward the purchase of a festival pass to anyone who votes on May 18, during the second round of the presidential elections. In an online message, Untold representatives emphasized the connection between civic participation and the future of every […]
The Open Streets program, which sees the city's major arteries close for car traffic and become pedestrian areas, returns this weekend with a program of exhibitions, concerts, and a Festival of Lights. On Saturday, May 10, at 2:00 p.m., the public is invited to the Made in Romania exhibition, which presents a selection of civilian […]
Joseph Stiglitz, the famous economist and professor at Columbia University in New York, and winner of the Nobel Prize in economy in 2001, told an audience in Cluj, Romania, that governments must stimulate exports and key sectors when facing deficits. Stiglitz was in Romania on Thursday, May 8, to receive the title of Doctor Honoris […]
The Constitutional Court unanimously validated on Friday, May 9, the results of the first round of the presidential elections. It also rejected as unfounded a request to annul the elections filed by Sebastian-Constantin Popescu, the presidential candidate of the New Romania Party, it announced. The runoff, set for May 18, will see ultranationalist leader George […]
Bucharest's culinary scene welcomes back OLEA, the JW Marriott Bucharest Grand Hotel's celebrated Mediterranean destination, now reimagined with a fresh concept that blends authentic coastal flavours with contemporary sophistication. Following an extensive transformation, OLEA reopens its doors to offer guests a refined journey through the Mediterranean's sun-drenched culinary traditions, right in the heart of Romania's […]
