Bulgaria was Romania's seventh trading partner at the end of July, after Germany, Italy, Hungary, France, Poland and Turkey, with a trade volume of 5.4 billion euros, informs the Chamber of Commerce and Industry of the Municipality of Bucharest (CCIB)."At the end of July 2023, Bulgaria was the 7th trading partner of Romania (after Germany, Italy, Hungary, France, Poland and Turkey) with a trade volume of 5.4 billion euros, with a reduction of 13, 5% compared to the similar period in 2022. In terms of exports, Bulgaria was the 5th destination market with a volume of 2.2 billion euros (+8.3%) and a share of 4% of total exports, and in terms of import the 7th market of origin of the goods that entered our country, with a volume of 3.2 billion euros (-24%) and a share of 4.5% in the Romanian import," the press release informs.According to a press release sent on Friday, the president of the CCIB, Iuliu Stocklosa, received, at the CCIB Palace, Victor Gugushev, the new president of the Board of Directors of the Bulgaria - Romania Chamber of Commerce in Ruse (BRCCI), Senior Partner at "Gugushev & Partners Law Office," accompanied by Stefan Kyosev, Business Development Director at the "Gugushev & Partners" Law Office, and Adrian SipoS, Business Development Manager at BRCCI."Bulgaria is a very important economic and commercial partner of Romania. At the end of July this year, according to the latest statistical data available from the Romanian side, Bulgaria was the 5th destination country for Romanian goods with a share of 4% in our country's exports and the 7th country of origin for products entering our customs territory, accumulating 4.5% of Romania's import. Added to this are the values resulting from mutual trade in services, such as transport, tourism and those in the IT field," declared Iuliu Stocklosa.
President Nicusor Dan signed on Thursday the decree appointing Prime Minister Ilie Bolojan as interim Vice Prime Minister on the areas coordinated by Dragos Anastasiu, the Presidential Administration informed.On 27 July, Dragos Anastasiu announced he was stepping down from the vice prime minister office, mentioning that he could no longer accept "being denigrated and thus […]
Prime Minister Ilie Bolojan continued consultations on Thursday with representatives of the Association of Communes of Romania, telling them there is a strong chance to overcome the current difficult period if the approach of "responsibility toward public funds" is maintained."The reform of local public administration will be part of the second package of government measures […]
Financing the National Recovery and Resilience Plan (PNRR) projects will continue for those already initiated and will stop only in case investment has not begun, where not a single euro was spent for construction, Development minister Cseke Attila explained on Thursday. “PNRR will not stop, neither will financing investments which have already been initiated, […]
The Justice Ministry announced on Thursday having developed in cooperation with the Finance Ministry and the National Tax Administration Agency a set of proposals to amend the Insolvency Law, which will be included in the second reform package.Some of the amendments provide for a higher recovery rate of the taxes and fees owed by insolvent […]
Romania is in the antechamber of recession, with the risk that its economy will decline in the third or fourth quarter, especially amid an increase in taxes, a significant drop in sales and record inflation at European level, says business consultant Adrian Negrescu."We are currently in the antechamber of recession. It is a moment […]
The Ministry of Culture announced on Thursday that is set to adapt national legislation for enforcing the European Media Freedom Act (EMFA), which supports media pluralism, editorial responsibility, protects journalists from abusive surveillance and intimidation, and provides protection for sources.According to a Culture Ministry release, the implementation in Romania of Regulation (EU) 2024/1083 of the […]
