Moldova's Investment Agency will make its 2025 strategy keeping Romania on top of the list of its partner countries, director of the 'Invest Moldova' Investment Agency Natalia Bejan declared on Friday."Undoubtedly, for the Government of the Republic of Moldova, Romania is the No. 1 trading partner. Most of our exports go to Romania, imports are also from Romania. We have the largest investments in Romania, we overcame the energy crisis thanks to Romania," said the 'Invest Moldova' Agency's director.She specified that the agency has set itself four directions of action: attracting investments, promoting exports, promoting the country's image and economic diplomacy.'Invest Moldova' is a public institution under the authority of the prime minister, which provides individual assistance to foreign and local investors."We realized that many people, even from the economic sector, do not perceive the Republic of Moldova as a business destination. We help companies find staff in the Republic of Moldova, land to build on, we are operationally involved in all administrative processes. We work mainly with business associations and make efforts to export Republic of Moldova products," said the director of the Investment Agency.According to a presentation by the agency, the Republic of Moldova has been a European Union candidate state since July 2022, and accession negotiations began in June 2024.The Republic of Moldova's GDP was $16.54 billion in 2023. Romania has maintained its status as the No. 1 trading partner of the Republic of Moldova since 2014.The country's exports in 2023 totaled $6.5 billion, with 65.4% thereof bound for the EU (exports to Romania accounted for 35.1%).Imports amounted to a total of $10.21 billion in 2023. In percentages, imports from the European Union accounted for 48.3% (imports from Romania represented 15%).There are around 1,500 Romanian companies in the Republic of Moldova, with about 12,000 employees and 1 billion euros in total turnover.Moldovan companies in Romania employ around 22,000 people and have a total turnover of around three billion euros.
Romania has signed a major contract with France for the acquisition of Mistral portable short-range air defense missile systems. The agreement was concluded on Tuesday, November 25, between Romania’s Ministry of National Defense and France’s Ministry of the Armed Forces and Veterans, through their respective General Directorates for Armaments. The acquisition is valued at EUR […]
The European Parliament called on November 26 for EU-wide rules to strengthen the protection of minors online, recommending a minimum age of sixteen for accessing social networks, video-sharing platforms, and AI chatbots, according to a statement from the institution,
The government of Romania will be empowered to establish, ex officio or upon request, by Government Decision, an extended surveillance regime over local companies strongly affected by economic sanctions imposed by other states, according to the legislative project prepared by the government, given that the situation of the assets held by the Russian giant Lukoil […]
The European Commission (EC) will reportedly give Romania four more months to appoint permanent management under competitive procedures at 48 state-owned enterprises (SOEs) in the energy sector, after the Romanian government agreed to double the fine paid by the country and the penalties charged to those responsible (ministers) if the milestone set under the Resilience […]
The Romanian banks boasted in 2025 virtually the same record aggregated net profit as in 2024, namely RON 11.6 billion (EUR 2.3 billion, -0.6% y/y) in January-September and RON 6.2 billion (EUR 828 million, -0.3% y/y) in Q3 alone, according to data published by the National Bank of Romania. The non-performing loan (NPL) ratio has […]
The Romanian Parliament approved the National Defense Strategy on Wednesday, November 26, with 314 votes in favor, 43 against, and three abstentions, following a joint session attended by president Nicușor Dan. The document will guide national security policy for the 2025-2030 period. During the parliamentary debate, Ana Maria Gavrilă, leader of the opposition party POT, […]
