The Bucharest Chamber of Commerce and Industry (CCIB) signed a Memorandum of Understanding with CCIA Tripoli, in the presence of members of the Libyan delegation and representatives of Romanian companies interested in the respective market, informs a press release sent on Thursday."The event took place on the sidelines of a visit to Romania on May 25-27 of a delegation led by Farag Darbil Amer, President of the Tripoli Chamber of Commerce, Industry and Agriculture (CCIA Tripoli), and was honored by the presence of the Ambassador Extraordinary and Plenipotentiary. of the State of Libya in Romania, His Excellency Abdulmuli Monem, and of the Head of the Chancellery of the Embassy, the coordinator of the economic, commercial and cultural sectors, Mohamed L. A. Shebani," mentions the press release.The President of the Bucharest Chamber, Iuliu Stocklosa, gave a brief presentation of the economic potential of the Capital, a city that concentrates almost a quarter of the companies registered in our country, 18% of exports and 31% of imports. He spoke about the activity and services of CCIB, with an emphasis on those dedicated to the promotion of the Romanian offer abroad, but also of the business and investment opportunities offered by various markets, among the business community.The president of CCIA Tripoli, Farag Darbil Amer, underlined the special interest for the development of the cooperation relations with Romanian companies, both in the commercial field and on various large investment projects."The president of CCIA Tripoli has expressed his full openness to provide information of interest about the opportunities offered by his country, but also to offer support to Romanian companies wishing to work with partners in Libya," the release said.In the second part of the event, the representatives of the Romanian companies presented their activity and entered into a dialogue with the members of the Libyan delegation. Thus, there was interest in cooperation in: agri-food processing industry (bakery, pastry, miscellaneous food, sunflower), energy, including from renewable sources, transport infrastructure, software, consulting, industrial automation, construction and materials construction, tourism.
The Ministry of Development proposed to the government to analyse the opportunity to develop an investment program dedicated to the economic recovery of small towns with a population of under 25,000 in non-metropolitan areas. The financial support for the development of these towns has been so far fragmented, and competition with large cities for funds proved […]
Prime minister Ilie Bolojan said on November 6 that he hopes that the ruling coalition will manage to legislate by the end of this month the rest of the second package of budgetary measures, namely the public administration streamlining law and the law on magistrates' pensions. Unless the law on the public administration is legislated, […]
Japanese group Makita announced that it will reduce production of power tools in China for the US market due to the unpredictability of US tariffs and move this production to factories in Romania and Thailand, according to Nikkei Asia, as reported by Economica.net. The Japanese group reported business of almost EUR 640 million locally...
The Competition Council has outlined a series of concerns related to the transaction through which the Schwarz group, which operates the Kaufland and Lidl store chains in Romania, intends to take over the La Cocoș stores, according to a press release quoted by
Romania’s flag carrier, Tarom, has requested the government to disburse a new tranche of restructuring state aid approved in 2024 to address the current liquidity deficit, Profit.ro reported. The company argued that, because of late payment penalties...
Retail sales volume contracted by 2.3% q/q in Q3, resulting in a 0.3% y/y decline in Romania (the second negative reading since the Covid-19 pandemic), visibly dragged down by the real wages that contracted by 3.7% y/y in July-August (latest data available) after +2.2% y/y in Q2, +4.6% y/y in Q1 and around 9%-10% y/y […]
