Romania can become an investment hub for U.S. companies, as it has all the necessary capabilities to support large-scale projects, plus the benefit of a favorable geographical position and also of skilled human capital, considers Economy Minister Radu Oprea.The official met on Friday with the delegation of the U.S. Department of Commerce led by Cynthia Aragon, Executive Director for the Advocacy Center, to discuss the strengthening of bilateral cooperation and of the Romania - U.S. strategic partnership through joint government projects, as well as through partnerships between the two countries' business sectors.The representatives of the U.S. Department of Commerce are accompanied by a retinue of representatives of 15 American companies with activities in fields such as energy, defense, aeronautics, industry, finance/banks, cyber security and pharmacy, and they are set to hold discussions both at government level, as well as with Romanian companies."In 2023, Romania's exports to the U.S. amounted to 2.33 billion dollars, imports stood at 1.49 billion dollars, so that the trade balance with the U.S. was positive at 0.83 billion dollars, and the total volume of trade was 3.81 billion dollars," Minister of Economy, Entrepreneurship and Tourism Radu Oprea wrote on Facebook on Friday.
Investment: 125 million euros to establish STIHL’s European Competence Center for the production of battery packs and battery-powered tools Scale: 47,000 square meters facility on a 147,000 square meters site — capacity of up to 1.8 million battery packs and 1.7 million tools by 2028 Employment: Approximately 700 jobs to be created by 2028 Network: Romania […]
A report published on Wednesday, October 15, by the Council of Europe’s Committee for the Prevention of Torture (or CPT) urges Romanian authorities to address serious shortcomings in the treatment and conditions of detention of patients in forensic psychiatric hospitals. The deficiencies in the Romanian system were identified by the Committee representatives during a visit […]
The state-owned Electrica (BVB: EL), one of the main players in Romania’s energy sector, completed the Satu Mare 2 photovoltaic park, a strategic project that marks an important step in diversifying the production portfolio. Located near the commune of Botiz, Satu Mare County, the park has an installed capacity of 27.056 MW and represents an […]
More than 100 items, ranging from frescoes and paintings to sculptures, photographs, and other rare artifacts from Italian museums, will go on display in Timișoara for an exhibition looking at the city of Pompeii. Titled The Fragility of the Eternal. From Pompeii to the Grand Tour to Today, the exhibition will be open from November […]
Robotics startup Dexory, founded in London by Romanians Andrei Dănescu, Adrian Negoiţă, and Oana Jinga, has secured new Series C funding of USD 165 million, according to an announcement made on LinkedIn and quoted by Ziarul Financiar. The company has developed an autonomous robot, the tallest in the world, reaching 16 meters, and a platform designed […]
NEPI Rockcastle, Central and Eastern Europe’s largest owner and operator of shopping centers, has inaugurated its first photovoltaic park in Chișineu-Criș, Arad county, in western Romania. The investment is part of its green energy programme, which includes a EUR 110 million plan for photovoltaic projects across Central and Eastern Europe. According to the company, these […]
