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.
Deloitte Romania assisted AQUILA, leader in the integrated distribution and logistics services for the fast-moving consumer goods market in Romania and the Republic of Moldova, in the acquisition of Romtec Europa, the company that produces car care fluids and aerosols. The transaction, valued at 3.2 million euros, was signed in December 2023 and completed recently, following approval from […]
CBRE Romania, the leader in providing commercial real estate services, launches an analysis regarding the business potential and alternative investment and development opportunities in Timiș County. According to the analysis, Timiș stands out as a vital centre of Romanian agriculture, ranking first in agricultural area with 693.034 hectares and second in organically cultivated land area. […]
By the end of 2024 the stock of modern retail spaces will overpass 4.5 mln. sq. m setting a new record for Romania. Circa 186,000 sq. m could be added to country’s modern retail stock if taking into consideration under-construction projects. The popularity of the specialized format is noticed in the forecasted developments, claiming 95% […]
The average office fit-out costs have increased by around 15-20% during the past 12 months, but they still remain among the lowest in the Central and Eastern Europe (CEE), according to data from the Cushman & Wakefield Echinox real estate consultancy company. With an average level of €943 per sq. m of office space, the […]
Romania is present at the 10th edition of the EU-Startups Summit in Malta, the biggest event for tech startups in Europe, through RoTechMission, a delegation organized by DiFine PR, Techcelerator and ROTSA (Romanian Tech Startups Association). More than 2,000 people, including 1,000 entrepreneurs and 300 investors, will attend the event, which takes place from May […]
AeroVacanțe, part of the Aerotravel group, is betting in 2024 on new destinations, more accessible for Romanians, as a result of the growing demand for holidays in new destinations untouched by mass tourism. Thus, the agency introduces for this summer 14 charter flights to Lesbos, the third largest island in Greece, where the costs of […]
