As every year, the celebration of the Czechoslovak Independence Day, gives us the opportunity to take a snapshot of the bilateral commercial cooperation which is a part of the broader and complex relations between the Czech Republic and Romania. Romania is a very important partner for the Czech Republic. We have a long history of successful and dynamic economic cooperation, mainly since the moment our countries became the members of European Union. Our bilateral relations are very intensive not only in the economic sphere. The economic relationship between Romania and the Czech Republic is a continuous success story with our bilateral trade volume increasing rapidly over the past years. Our bilateral trade turnover achieved a record value, nearly 4,2 billion EUR. From my point of view, positive advantage in our mutual cooperation is the general knowledge of Romanians about the Czech Republic, or the quality of Czech products such as Škoda, Zetor, Bohemia glass, Czech beer or herbal liquer Becherovka. Recent positive development in our bilateral trade relations was reached together with the help of CzechTrade office in Bucharest. The Czech Republic ranks also in the top foreign investors in Romania with invested capital over 1,5 billion EUR. The biggest Czech investment is represented by the energetical company ČEZ, which has always been a good example of a responsible Czech investor in Romania. Among the other recent investors we can mention S-Group holding, Penta, RC Reinvest, Remira, Renomia, Antares, Alef, PPF and many others. As the latest achievements of Czech companies on the Romanian market can be mentioned the delivery of 17 trolley buses made by Škoda Electric to the port town of Galaţi and openning of the first store with art, school and office supplies in Bucharest by KOH-I-NOOR HARDMUTH, a world famous Czech company. The economy in Romania is continuously developing in a very positive way and it is strengthening the trust of Czech investors. Going into the details, Romania is a country for short term and long term investments, with well-educated workforce at competitive wages with excellent language proficiency, technical skills, strategic location, abundant natural resources, good work ethics, favourable business climate, attractive taxes and liberal labor code. Romania boasts many business opportunities especially in the automotive, energy and agro-food industry, IT&C and other creative industries and moreover when it comes to SMEs, a sector with the potential of becoming a seed of economic revival, essential for Romania´s development. In general, Czech business community appreciates Romania as a large internal market and favorable geographical location as the gateway to the entire region of Balkans, Turkey, Asia, and North Africa. The potential for developing economic and trade relations between our countries presents a wide spectrum of interests. Czech companies are operating in a variety of local sectors and in general, they can also offer services and experience in infrastructure, public transport, in the field of sewage water and water treatment, agriculture, renewable energy, retail, food, pharmaceutical industry, health sector, etc. The Embassy of the Czech Republic in Bucharest besides the excellent longterm cooperation with the Chamber of Commerce and Industry of Romania, is also promoting its activities with the Czech Centre Bucharest, Honorary General Consulate in Timişoara, clusters, industrial parks, and large number of other Romanian institutions. The Embassy of the Czech Republic in Romania welcomes every Romanian who is interested to get into the economic cooperation in the trade or investment activities. Czech-Romanian partnership has still a lot of potential for even closer relations as strategic bilateral economic partners within the European Union. The Czech Republic is proud to be a reliable partner of Romania.
If you’re searching for a hidden gem in Europe, Romania is calling your name. Tucked between the Carpathian Mountains and the Black Sea, this country is an untouched marvel, combining natural beauty, rich history, and endless opportunities for entrepreneurs and retirees alike. Romania offers a unique blend of modern life and ancient charm, making it […]
Let’s talk about the lack of connection with our body and how this is closely tied to burnout, plus, what to do about it. So often throughout the day, we live almost entirely in our minds. We’re focused either on what we have to do at the moment—tasks that increasingly demand mental effort over physical […]
Six men and one woman from Romania have been accused of recruiting dozens of children and adults from foster care centers, whom they then transported to Hungary, where they turned them into slaves, forcing them to work under inhumane conditions. The accused are from the localities of Ozun and Chilieni, Covasna County, Romania, and allegedly […]
The Museum of Collectivization, the first in Romania dedicated to the forced collectivization period of the communist era, is set to open a new wing, Corp B, funded through the EU-backed National Recovery and Resilience Plan (PNRR) and co-financed by the National Cultural Fund Administration (AFCN). With the new building, the museum located in Tămășeni, […]
Romania’s “Madrigal – Marin Constantin” National Chamber Choir, conducted by Anna Ungureanu, will be in Luxembourg and Belgium, as part of the “Bridges Across Europe/Punți peste Europa” European tour, where it will perform five extraordinary concerts. The performances will take place between November 20 and 25, with the help of the Ministry of Culture, the Romanian Embassy […]
The European Development Bank approved a EUR 140 million loan for Romania’s “Cultural Foundations” project, aimed at preserving historical monuments and constructing cultural buildings in the country. The project targets 14 investment objectives of national and European relevance, administered by public institutions under the Ministry of Culture, including the Romanian Athenaeum, the Romanian National Operas […]
