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).
Romanian deep-tech startup .lumen, the developer of what it says are the world’s first AI-powered glasses for the blind, has secured a new investment from EIT Urban Mobility, the European innovation community focused on advancing sustainable and inclusive urban mobility solutions. The value of the new funding round was not disclosed. The investment aligns with […]
The health spending per capita in Romania was the lowest in the EU, with spending less than half the EU average in 2023, the recently released report, State of Health in the EU - Romania Country Health Profile 2025, shows. At the same time, life expectancy in Romania is 5.1 years below the EU average, […]
Romania’s annual inflation rate stood at roughly 9.8% in November 2025, similar to October, according to data published by the National Institute of Statistics (INS). Food prices increased by 7.6% last month, while services rose roughly 11% and non-food goods climbed 10.7%. The consumer price index rose by 0.42% in November compared with October, while […]
Three French soldiers deployed in Romania as part of NATO’s Multinational Battle Group at Cincu intervened to save a truck driver following a serious traffic accident on the A3 Bucharest–Ploiești motorway, the Romanian Ministry of Defense said. The incident occurred earlier this week as the soldiers were traveling toward Ploiești and witnessed the truck crash...
Eight contemporary art galleries will present the works of the artists they represent at the third edition of the Smallest Art Fair in Town, an event dedicated to works on paper. This edition showcases works “investigating the state of wandering, disorientation, and rediscovery in the face of uncertainty.” Under the title In Dark Woods, A […]
Parents everywhere are asking an important question: What skills will truly prepare a child for a world defined by rapid change, global uncertainty, and the rise of artificial intelligence? For decades, schools focused entirely on academics. Today, research from neuroscience, performance psychology, and leading universities shows a different reality: The students who thrive long-term are […]
