Car producers may choose other countries for production if Romania fails to offer competitive conditions, as companies make strategic decisions based on competitiveness and efficiency, Managing Director Dacia Brand South Eastern Europe and Country Head Romania Mihai Bordeanu said on Wednesday."Let's look at the automotive industry. It is an industry everyone considers strategic, one responsible for a third of Romania's exports, accounting for 14% of Romania's GDP, and employing 200,000 people across horizontal and vertical supply chains (a population the size of a city). It is an industry that has put Romania on the map, given that we rank sixth in Europe for car production. Well, lately, in recent years, we have begun to lose our competitiveness," Bordeanu said.According to him, energy prices are one of the factors affecting competitiveness, mentioning that energy prices doubled compared to those a few years ago, while car prices cannot double, therefore resulting in an internal competitiveness issue.Bordeanu argued that there is also an issue of external competitiveness, given that manufacturers can choose the country where they make their investments and carry out production, explaining that each company makes a strategic decision based on competitiveness and efficiency.In his view, Romania must move from discussions on competitiveness to concrete actions and insisted on the need to rapidly adopt some measures, while also warning about the risks for the automotive industry in the year to come, pointing out that once things get out of control the cost of putting everything back in order is huge.Among the measures considered necessary, Bordeanu mentioned an energy plan, labour market flexibility, and infrastructure development.Mihai Bordeanu also spoke about the need for a programme to renew the car fleet.Romania's economic competitiveness and energy costs were among the topics analysed on Wednesday during a debate organised by the Concordia Employers' Confederation, in the context of negotiations regarding the European Union's new Multiannual Financial Framework for the 2028-2034 period.
Lumina Park, the international concept of outdoor light trails, opens for the first time in Romania on 16 October, at the "Dimitrie Brandza" Botanical Garden of the University of Bucharest. The first local edition, "Around the World", transforms the garden after nightfall into an exploration experience for all ages, built from light, music, set design […]
Romanian Prime Minister Ilie Bolojan attended the statutory summit of the European People’s Party (EPP), held in Brussels on Thursday, October 15, 2026. Discussions with Manfred Weber, President of the EPP, European Commission President Ursula von der Leyen and other European leaders focused on the situation in Romania, European priorities,......
Romania Connect, the business platform dedicated to companies, entrepreneurs, and institutional partners from Romania and Austria, is launching in Romania. After launching in Vienna on March 23, 2026, the platform has built its structure and institutional partnerships. It now offers the business community in both countries a clear framework where...
Romania and Italy Coordinate Position on Future EU Budget at Cohesion Group Meeting BRUSSELS — Romanian President Nicușor Dan and Italian Prime Minister Giorgia Meloni co-chaired a meeting of the Friends of Cohesion group on Thursday, October 15, ahead of the European Council meeting in Brussels, seeking to strengthen coordination......
Lavinia Braniște’s novel Camping has been shortlisted for this year’s Médicis Prize/ Prix Médicis, one of France’s top literary awards, in the Foreign Fiction category. The novel has been translated into French by Sylvain Audet-Găinar and was published by Éditions des Syrtes. Other Romanian writers previously shortlisted for the prize include Norman Manea, who won […]
Romanian President Nicușor Dan held a meeting with Bulgarian Prime Minister Rumen Radev, highlighting the importance of dialogue between the two neighbouring countries amid evolving regional and European challenges. The meeting, documented by Romania’s Presidential Administration, comes against the backdrop of close Romanian-Bulgarian cooperation within the European Union and NATO,......
