Prime Minister Marcel Ciolacu met on Friday at the Victoria Palace of Government with Italy's ambassador to Romania Alfredo Maria Durante Magnoni, in the run-up to the upcoming joint sitting of the governments of Romania and Italy, scheduled on February 14 and 15 in Rome."The sitting of the two governments is yet another excellent opportunity for us to work together for our citizens and provide new levers of collaboration to Romanian and Italian investors. Deepening economic cooperation and attracting Italian investments to Romania are priorities of our bilateral relationship," Ciolacu said as cited in a release of the Executive.Talks tackled the bilateral agenda, European topics and regional security, with particular focus on economic cooperation between the two states, the cited source said.The Romanian-Italian Economic Forum will take place on the sidelines of the joint government meeting, with the participation of over 100 companies from sectors like energy, large infrastructure and defense."Italy is Romania's second largest trading partner, the second destination market for Romanian exports, and the second most important source country for imports to Romania. In 2023, bilateral trade hit an all-time record high of over 20 billion euros. Also in 2023, Italy ranked 6th of the list of foreign investors to Romania. More than 70 percent of the share capital of Italian companies is invested in Romanian industrial and energy companies," the release shows.
Only 145 companies in Romania, out of more than 800,000 active businesses, managed to grow their revenues and remain profitable every year between 2008 and 2024, according to an analysis published by business intelligence platform Termene.ro. The study found that these firms, representing just one in every 5,500 companies (or 0.02% of the total), generated […]
The secretary-general of the Organization for Economic Cooperation and Development, or OECD, Mathias Cormann, was on a visit to Romania on Monday, September 15. The representative had talks with president Nicusor Dan and prime minister Ilie Bolojan, after which he said that Romania may succeed in joining the organization in 2026. Founded in 1961, the […]
Romania’s anti-corruption prosecutors have indicted Timișoara Airport’s former general manager Iulian Daniel Idolu and five board members on charges of abuse of office, alleging they illegally extended Idolu’s mandate without a competitive selection process. The National Anti-Corruption Directorate (DNA) said Iulian Daniel Idolu, who served as general manager of “Traian Vuia” Timișoara...
Romanian car rental company Klass Wagen said that it launched the Autozentrum brand and opened its first subsidiary in Germany, becoming the first Romanian company to sell used cars on the German market. The move marks the beginning of the Klass Wagen Autozentrum European network, through which the group intends to sell used cars directly […]
The Romanian men's tennis team defeated El Salvador 3-1 over the weekend of September 13-14 and secured a spot in the Davis Cup World Group I Play-offs. The tie between the two teams was played within World Group II. In the first match of the tie, Romanian Radu Țurcanu defeated Marcelo Arévalo, 6-7 (3/7), 6-3, […]
France has introduced a pilot program to teach Romanian as a mandatory foreign language in its public school system, marking the first such initiative in the country’s education sector, the Romanian Embassy in Paris announced. The project began at Collège Aimé et Eugénie Cotton in Blanc-Mesnil, a town in the Seine-Saint-Denis department, where many students […]
