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/)
The European Commission has approved a payment of EUR 1.27 billion to Romania as part of the National Recovery and Resilience Plan (PNRR) funding worth some EUR 28 billion in total. The rest of the scheduled payment, totaling EUR 870 million, was suspended. Romania’s European funds minister, Marcel Boloș, announced that three objectives included in […]
The tech startups YellowGrid, WiseWatts and Procesio won CleanTech Corporate Hackathon 2025, the first event dedicated to innovators, startups and scaleups creating AI-based technologies and solutions for sustainable energy in South East Europe. YellowGrid, the team that won first place and the EUR 5,000 prize, is composed of Cătălin Stăncel, Sergiu Mureșan, Andrei Antohie and […]
Romanians' trust in the EU is well above the European average, but they occasionally show different priorities compared to those of most Europeans, according to the most recent Eurobarometer survey. The measurement, conducted in the winter and spring of 2025, shows an overall increase in European citizens’ trust in the EU, especially in the areas […]
Romania has dropped four positions in the global Startup Ecosystem 2025 report by StartupBlink. It is now ranked 48th worldwide, and has lost ground in Eastern Europe, where it dropped from 8th to 9th place, after Ukraine advanced one position and Greece two positions, surpassing Romania globally. However, Romania is now 16th in the global AI top […]
The Nufărul geothermal station in Oradea, developed through a European project worth EUR 25 million, was officially inaugurated on Thursday, May 29. The station is the first of its kind in Romania, and builders had to drill approximately 2,800 meters for water. “All extracted water comes to the geothermal station on Iancu de Hunedoara Street, […]
CTP, a leading developer, owner, and operator of industrial and logistics properties, has extended its collaboration with HelpShip, a major e-fulfillment and logistics provider within the euShipments.com group, increasing HelpShip’s leased space to 20,000 sqm at CTPark Oradea Cargo Terminal. The expanded facility will serve as the company’s main fulfilment center. With HelpShip’s growth from […]
