Romania and India have a tradition that they should continue in terms of collaboration in business sectors with great potential for development, such as the IT&C industry, with a focus on the development of the segment represented by artificial intelligence, the aerospace industry, as well as the civil and military aeronautics, according to Chairman of the Chamber of Commerce and Industry of Romania Mihai Daraban.He had an official meeting on Wednesday with the new ambassador of India to Romania, Manika Jain, to discuss strengthening bilateral economic ties by identifying the economic sectors that the two nations can promote among the business communities in order to increase the value of trade."From our point of view, that of the National Chamber, although in 2023 the total value of trade between the two countries exceeded EUR 1.6 billion, their economic ties are underused. Romania's geographical positioning, with access to the Black Sea, can be a business opportunity for the Indian business community in terms of facilitating the transport of goods from this country to Europe. Romania and India already have a tradition in terms of collaboration in economic sectors with great development potential, a tradition that we intend to continue. We are talking about the IT&C industry, with a focus on the development of the segment represented by artificial intelligence, the aerospace industry, as well as the civil and military aeronautics. Obviously, there are other Romanian economic sectors of interest to Indian investors that we can analyse in a periodic dialogue with the Indian Embassy in Romania," Daraban is quoted as saying in a CCIR press statement.In his turn, the new Indian ambassador to Romania said that the meeting was a priority in the activity of the diplomatic corps accredited in Bucharest, an absolutely necessary step for boosting the economic ties between the two business communities.At the moment, there are 486 companies running on Indian capital in Romania.The ambassador said that as a result of today's discussions, in a short time the number of these companies will increase. Apart from the economic sectors mentioned by the president of CCIR, infrastructure - where the two countries can develop large-scale joint projects- should be added, according to the ambassador. (Photo:https://ccir.ro/)
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 […]
Only about 44% of employees in Romania say they have used AI in the past year, while the average usage rate in the 48 countries included in the report was 57%, according to the PwC Workforce Hopes and Fears Survey 2025 report. India and Vietnam are at the top, with 84%, followed by China (78%). […]
A new four-star hotel is set to rise next to Bucharest’s Henri Coandă International Airport, following a EUR 45.5 million investment announced by real estate developer D. GROUP. The Wyndham Garden Bucharest Airport Hotel, scheduled to open in July 2027, will introduce the Wyndham Garden brand to Romania for the first time. Located 150 metres […]
Romania ranks 3rd in a European heatwave vulnerability ranking and will experience 3 heatwave events annually, lasting 17 cumulative days with average temperatures of 36.82°C, placing it ahead of all Mediterranean countries, according to new research from climate system experts at Reinders Corporation. The study analysed climate modelling data, heatwave frequency, and average temperatures across […]
