Cristina Bojica, member in the board of the French Chamber of Commerce and Industry, Romania (CCIFER) stated recently that there are over 4,200 companies with majority French capital in Romania, and they generated 125,000 direct workplaces. ‘I will mention what France means in figures. It is the third source of foreign capital in Romania, as you know. There are over 4,200 companies with French majority capital. They became, all of them, important contributors in the economy, and in the Romanian society, and this is not only through the capital they bring which is evident, but by generating almost 125,000 direct workplaces, through the mobilization of numerous SMEs in their production chain, supply chain and so on. But what it is specific to France is that they bring know-how every time they come and bring transfer of technology, similarly, what helped our country in its development’ Cristina Bojica said. She presented which are the domains of attraction for France. ‘The domains aimed by foreign investors in Romania are those which represent the points of attraction of Romania and the points of attraction of Romania will be mentioned shortly from the point of view of the French Chamber of Commerce and thus they will be presented to French investors when they want, to develop their activity here. Firstly I mention the belonging to the European Union. But this belonging in the present context has three very concrete factors. It is a unique source of stability, which reduces the risks of foreign investments, as we know, which is at the basis of supplementary financing sources against the financing which we saw presented by the authorities in this event, the financing is source of the Romanian state, European financing which is 80 billion euros available today in the domain of transport infrastructure, health, education, green trading. These domians are domains of interest for French investments’ Cristina Bojica said. She also stated that the French investors are interested in the IT domain. Other sectors of interest for the French companies in Romania are agro-food and energy.
The Atlantic Council will honor Romanian president Klaus Iohannis with the Distinguished International Leadership Award for his remarkable career, exemplary leadership of Romania, and his transatlantic and European leadership role. The Atlantic Council’s Distinguished Leadership Awards are often referred to by media as “the Washington Oscars.” Among the honorees are a European head of state, […]
The colorful rapeseed fields in the southern part of Romania have been photographed by NASA from a satellite and featured in an accompanying article titled “Golden Fields in Romania.” The spectacular images were taken last month above the area where the Olt River intersects with the Danube. According to the article, NASA personnel were impressed […]
UiPath, an AI-based company founded by Romanian entrepreneurs and listed on the New York Stock Exchange in 2021, has recruited Raghu Malpani as Chief Technology Officer. Malpani, who was Corporate Vice President at Microsoft for the Microsoft 365 Application and Data Platform will report to the Director of Innovation and the Executive President of UiPath, […]
Production and new orders rise after nine straight months of decline Business confidence picks up, while hiring is back on the agenda Cost inflation eases and selling prices rise only fractionally An improvement in the health of the Romanian manufacturing sector was signalled for the first time in the survey's history, according to the latest […]
Raiffeisen Bank Romania continues its growth strategy in personal financial planning, up 50% in the first quarter of the year in the segment of investment plans, voluntary pensions and life insurance with a savings component. At the same time, it continued to support SMEs and accelerated investments to launch new functionalities in the mobile banking […]
Road crews have begun snow removal on Romania’s spectacular mountain road known as Transfăgărășan. Since there is less snow than in other years, the road could be opened much earlier than the usual date of July 1, according to authorities. Transfăgărășan, Romania’s second-highest road after Transalpina, is being cleared of snow so it can be […]
