The International Organisation of La Francophonie (OIF) will organise in Romania an economic mission of La Francophonie to Central and Eastern Europe, an event that will take place in Bucharest, March 27 - 29, 2024, Romania's Ministry of Economy reported on Monday.According to the ministry, after three successful first editions in Southeast Asia (Vietnam and Cambodia), Central Africa (Gabon and Rwanda) and the Middle East (Lebanon), the mission to be organised next year in Romania is part of the Economic Strategy for Francophonie 2020-2025, which aims to boost trade and investment exchanges between the 88 OIF member states and governments.The mission brings together a high-level economic forum and business-to-business networking sessions, particularly in the agri-food, digital - including cybersecurity and the video games industry, green energy and medical sectors, and it includes support from experts, visits to company sites and networking opportunities to identify and realise commercial and investment opportunities.The registration platform for the event is available November 24 - December 22, 2023, on the OIF website. Romanian companies interested in taking advantage of this excellent opportunity for collaboration with a number of companies from the Francophone area can register on: https://missions-economiques.roumanie.francophonie.org/en.
The Ministry of Development proposed to the government to analyse the opportunity to develop an investment program dedicated to the economic recovery of small towns with a population of under 25,000 in non-metropolitan areas. The financial support for the development of these towns has been so far fragmented, and competition with large cities for funds proved […]
Prime minister Ilie Bolojan said on November 6 that he hopes that the ruling coalition will manage to legislate by the end of this month the rest of the second package of budgetary measures, namely the public administration streamlining law and the law on magistrates' pensions. Unless the law on the public administration is legislated, […]
Japanese group Makita announced that it will reduce production of power tools in China for the US market due to the unpredictability of US tariffs and move this production to factories in Romania and Thailand, according to Nikkei Asia, as reported by Economica.net. The Japanese group reported business of almost EUR 640 million locally...
The Competition Council has outlined a series of concerns related to the transaction through which the Schwarz group, which operates the Kaufland and Lidl store chains in Romania, intends to take over the La Cocoș stores, according to a press release quoted by
Romania’s flag carrier, Tarom, has requested the government to disburse a new tranche of restructuring state aid approved in 2024 to address the current liquidity deficit, Profit.ro reported. The company argued that, because of late payment penalties...
Retail sales volume contracted by 2.3% q/q in Q3, resulting in a 0.3% y/y decline in Romania (the second negative reading since the Covid-19 pandemic), visibly dragged down by the real wages that contracted by 3.7% y/y in July-August (latest data available) after +2.2% y/y in Q2, +4.6% y/y in Q1 and around 9%-10% y/y […]
