Italian group Artsana SpA decided to close down in November the factory it operates in northeast Romania, in Botoşani, according to documents consulted by Economica. It employs 261 people there and produces parts for the global group Chicco. The...
Romania's FOB/CIF trade balance deficit as of end-May stood at EUR 12.288 billion, by EUR 1.230 billion higher (+11.1 pct) compared to the same period of the previous year, as FOB exports dropped 2.9 percent to EUR 38.236 billion, and CIF imports inched up 0.2 percent to EUR 50.824 billion, shows data released on Wednesday by the National Institute of Statistics (INS).The product groups with a significant share of the country's trade in the reporting period were machines and transport equipment (47.1 percent for exports and 36.5 percent for imports) and other manufactured products (29.6 percent for exports and 28.5 percent for imports, respectively).Intra-EU27 trade exchanges over January - May 2024 amounted to EUR 27.999 billion on the outbound and EUR 37.511 billion on the inbound, representing 72.7 percent of total exports and 73.8 percent of total imports, respectively.Extra-EU27 trade exchanges over the same period amounted to EUR 10.537 billion for exports and EUR 13.313 billion for imports, representing 27.3 percent of total exports and 26.2 percent of total imports.FOB exports in May 2024 totaled EUR 7.241 billion, and CIF imports stood at EUR 10.213 billion, resulting in a deficit of EUR 2.971 billion. Year-over-year, exports this May were 16.2 percent lower, and imports shrank 5.6 percent.
Italian group Artsana SpA decided to close down in November the factory it operates in northeast Romania, in Botoşani, according to documents consulted by Economica. It employs 261 people there and produces parts for the global group Chicco. The...
Zalakerámia, a Hungarian ceramic tile maker part of the Austrian group Lasselsberger, is considering moving some production facilities from Hungary to Romania, most likely to Cluj, where the Austrian group already owns production facilities, Profit...
The Polish electronic recycling group Polish Elemental Holding entered the Romanian market by taking over an 80% stake in the small-sized local player, ACC Recycling Services. It also announced it is developing a EUR 20 million factory in Deva, according to Ziarul Financiar. The project is partly financed...
Two Romanian electricity utility companies, Electrica (BVB: El) and Renovatio Trading, will receive EUR 6.4 million in grants under a EUR 103 million scheme financed under the National Recovery and Resilience Plan (PNRR) to develop power storage capacities of 130MWh. The Romanian electricity distributor and supplier Electrica (BVB: EL) will receive EUR 3.4 million for […]
The new European Commission must come up with "a much more sustainable approach for the car industry" because otherwise, in the next two years, a large number of jobs will be lost, Romanian prime minister Marcel Ciolacu said on October 17. The Romanian prime minister emphasized that the engine of the European economy is this […]
The city of Timişoara, in western Romania, and the World Monuments Fund (WMF) signed on Thursday, October 17, the memorandum of understanding for the rehabilitation of the Fabric Synagogue. The synagogue is the only historical monument in the country that the New York-based WMF included in 2022 on the list of cultural sites whose preservation […]