Romania’s target for 2019 is to cross the USD 1 bln mark for exports to China, the Ministry for Business Milieu, Commerce and Entrepreneurship (MMACA) said in a release on Friday. Cutting the deficit in Romania – China bilateral trade was one of the subjects approached by the Romanian side at the 27th Session of the Romania – China Intergovernmental Economic Cooperation Committee organized in China. “The sides set up a working group to improve trade relations and that will also look at the barriers set to Romania’s exports to China, with a view to taking exports past 1 bln US dollars in 2019,” the release said. Minister for Business Milieu, Commerce and Entrepreneurship Stefan-Radu Oprea, on an official visit to China that is mainly aimed at reducing the trade deficit and promoting Romania as investment destination, met on Friday with China’s Assistant Minister of Commerce Ren Hongbin. The two officials signed the protocol of this year’s session of the Romania – China Intergovernmental Economic Cooperation Committee, which sets out the guidelines for bilateral cooperation until the next session. The main areas approached are energy, infrastructure, IT & C, advanced technologies, environmental protection and tourism. Strengthening bilateral cooperation in agriculture and Romanian export of agri-food products to China were the highlights of the talks. “Our message was that the Romanian economy has the potential to support an accelerated growth of exports. We also showed that the Romanian government, in a business-oriented approach, has taken a series of measures to create a friendly business climate, promoting an equal and non-discriminatory treatment of all economic partners, regardless of their provenance,” Oprea said. The Romanian minister invited the Chinese official to Romania for the next session of the Committee, which will run concomitantly with an economic forum attended by representatives of state-owned and private companies. The visit of the Minister for Business Milieu, Commerce and Entrepreneurship to Beijing, November 1 to 4, also included talks with officials of the Industrial and Commercial Bank of China (ICBC) and large companies to promote public-private partnership projects. According to official data, Romania – China trade amounted to an aggregate of 4 billion dollars in the first eight months of 2018, of which Romanian exports to China account for 604.02 million dollars (up 14.81 pct YoY) and imports from China stand at 3.43 billion dollars (up 26.31 pct YoY).
The 2025-2026 symphonic season of the George Enescu Philharmonic (FGE) in Bucharest will open with two concerts led by American conductor Kent Nagano and featuring German violinist Frank Peter Zimmermann as soloist. The program includes works by Enescu, Beethoven, and Stravinsky. The concerts are scheduled for Thursday, October 2, and Friday, October 3. FGE’s chamber […]
Romania recorded the second-lowest life expectancy in the European Union in 2024, at 76.6 years, trailing only Bulgaria at 75.9 years, according to preliminary figures released Thursday, September 11, by Eurostat, and quoted by Agerpres....
Far-right, opposition party AUR (the Alliance for the Union of Romanians) continues to dominate voter preferences for the parliamentary elections in Romania, securing 40.8% support in the latest INSCOP Research – Informat.ro Barometer conducted between September 1 and 9. The party’s strong showing underscores the deepening polarization of Romanian politics, with nearly half of voters […]
Vastint Romania has introduced Ready Flex Space, a new concept offering fully furnished, independent office modules on short-term leases, as demand for flexibility in the workplace continues to grow. The solution, already implemented at Business Garden Bucharest, spans 2,321 sqm divided into nine separate units ranging from 124 to 416 sqm. Eight of the units […]
Romania’s hotel sector outperformed forecasts in the first half of 2025, posting solid gains in occupancy and revenues that boosted its appeal for investors across Central and Eastern Europe (CEE), Cushman & Wakefield Echinox said in a report. Hotel occupancy in Romania rose by 4% in January–June compared with the same period last year, while […]
Romanian developer IULIUS has begun the most extensive transformation yet of its flagship Palas Iași mixed-use complex, announcing an estimated EUR 80 million investment that will expand retail areas, increase green spaces, and introduce new leisure facilities. The company said the redevelopment will raise its total investment in downtown Iași to more than EUR 520 […]
