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.
Romania’s National Company for Road Infrastructure Administration (CNAIR) has announced plans to equip highways A1, A2, and A3, as well as national road DN1 with surveillance cameras, with the investment valued at RON 220 million (EUR 44.2 million) excluding VAT. The cameras will allow authorities to penalize drivers who exceed speed limits and detect other […]
Accor, a global leader in hospitality, proudly announces the opening of Swissôtel Poiana Brașov, introducing the Swissôtel brand to Romania for the first time. Located in the heart of Poiana Brașov, Romania’s most popular ski resort, the hotel is surrounded by the lush landscapes of the Postăvarul Massif, making it an ideal escape for skiers, […]
Romanian MEP Siegfried Mureșan (EPP/PNL) has been appointed by the political groups of the European Parliament as the chief negotiator for the future Multiannual Financial Framework (MFF) of the European Union post-2027. Mureșan, who was chief negotiator for the EUR 800 billion European Recovery and Resilience Mechanism and the 2018 and 2024 EU annual budgets, […]
Romania is failing to capitalize on strong positive private consumption and investments because of rising imports, which weigh visibly on economic growth, ING Bank analysts wrote in a note as they lowered their 2024 growth forecast from 2.0% to 1.3% on Friday, September 6. The detailed economic...
Romanian prime minister Marcel Ciolacu had a meeting with Israeli counterpart Benjamin Netanyahu in Jerusalem on Thursday, September 5. During the meeting, Ciolacu highlighted the importance of peace in the Middle East. The Romanian and Israeli prime ministers discussed economic cooperation projects, focusing on the defense industry, tourism, and Romania's agri-food exports. "We have dynamic […]
Romania’s gross domestic product (GDP) increased by 0.8% in the second quarter of 2024 compared with the same quarter of last year, based on both unadjusted data series and seasonally adjusted data series, the National Statistics Office (INS) announced on Friday, September 6. For the first half of 2024, Romania’s GDP recorded an annual growth […]
