Cooperation between Romania and the Republic of Korea in the field of heavy and defence industries represents a strategic opportunity for both countries, in the context in which the volume of bilateral trade saw a significant increase in recent years, exceeding one billion euros in 2024, stated the president of the Chamber of Commerce and Industry of Romania (CCIR), Mihai Daraban.According to a press release sent on Friday, the president of the CCIR had, on May 15, an official meeting with Jae Rak Kim, vice president of Hyundai Heavy Industries, as part of the National Chamber's strategy to promote foreign investments in economic sectors with high added value.The dialogue between the two organizations represented a significant opportunity, including in terms of promoting the capacities of the Romanian heavy and defence industry on markets outside the European Union and, at the same time, supported the CCIR's strategic objective of internationalizing Romanian business, the same source specifies.During the discussions, the CCIR head presented in detail the potential of the Romanian naval industry, as well as the advantages of our country's geostrategic position, emphasising that "despite the difficult period it is currently going through, Romania has remarkable potential both economically and in terms of highly qualified personnel."For his part, Jae Rak Kim, vice president of Hyundai Heavy Industries, emphasised that, following thorough documentation, Romania is "a very serious business partner, with a very well-prepared business environment and, at the same time, a solid tradition in heavy industry."In his opinion, these are essential elements for the development of complex projects in this field. "We are convinced that this relationship must be capitalised on and transformed into a strategic partnership beneficial to both parties," Jae Rak Kim pointed out. (Photo: https://ccir.ro/)
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 […]
Several Israeli citizens got into a fight on a plane flying from Israel to Bucharest on Monday, September 15. Upon landing, Romanian police issued several fines. The scandal reportedly broke out for religious reasons. The argument involved roughly 30 passengers of the flight from Tel Aviv to Bucharest. At one point, seven passengers started to […]
Only 145 companies in Romania, out of more than 800,000 active businesses, managed to grow their revenues and remain profitable every year between 2008 and 2024, according to an analysis published by business intelligence platform Termene.ro. The study found that these firms, representing just one in every 5,500 companies (or 0.02% of the total), generated […]
