Romanian companies strictly comply with the restrictive measures imposed by the European Union on the member countries' trade with Iran, which has significantly reduced the range of products that can be subject to mutual exchanges, Chairman of the Bucharest Chamber of Commerce and Industry (CCIB) Iuliu Stocklosa said on Monday.In the first 11 months of 2023, the total value of trade between Romania and Iran was standing at USD 205.5 million, down 34.7% y-o-y, of which USD 146 million (-35.2%) worth of Romanian exports and USD 59.5 million (-33.6%) worth of imports from Iran.Iran ambassador to Romania Seyed Hossein Sadat Meidani paid a working visit to CCIB accompanied by Iran's commercial attaché Mohammad Hossein Ahmadzadegan.Romanian statistics reveal that after a record year 2021, there was an important cut in trade in 2022, a trend that was maintained in the first 11 months of 2023, according to the available data.Topping the Romanian exports is corn (93.4% of deliveries) and fresh sheep meat, with a share of 3.6%. The rest of the delivered products are quantitatively insignificant, each holding a share of less than 1%.The ambassador said that there is an untapped business potential at the SME level, with products that are not subject to restrictions and that could be identified through dialogue with the Tehran Chamber of Commerce, Industry and Mining under a co-operation agreement with CCIB of October 2, 2015, ensuring the full support of the Iranian Embassy for the resumption of contacts at the level of the chambers of commerce in the capitals of the two countries.
The agency plans to expand its team and reach a turnover of EUR 450,000 by year-end. June Communications (JUNE), a business-to-business PR and integrated communications agency, has appointed Bianca Caragea as its new Operations Manager. The step strengthens the agency’s management team as it enters a new stage of growth after seven years of sustained […]
The Babeș-Bolyai University of Cluj-Napoca (UBB) has established an endowment fund, which the institution described as a "strategic" financial mechanism aimed at supporting academic excellence and ensuring the long-term sustainability of university projects. The initiative is a first of its kind in the local academia, UBB said. The endowment fund involves attracting donations/financial resources and […]
Romanian authorities are reportedly considering imposing an access fee for the Transfăgărășan mountain road. The funds would be used for setting up decent parking areas, selecting merchants, and similar initiatives. The beautiful, winding road is one of the most visited tourist attractions in the country. Local authorities say the funds from an eventual toll would […]
Colombian reggaeton superstar J Balvin will perform in Dubai for the first time this November, headlining Untold, the globally recognized festival born in Romania. The event will take place from November 6 to 9 at Dubai Parks and Resorts, featuring more than 100 international acts across five stages. The festival is staged in partnership with […]
More than 17% of Romania’s population faced severe material and social deprivation last year, which was one of the highest shares in the EU, according to the statistical bureau of the European Union - Eurostat. In 2024, 6.4% of people in the European Union faced severe material and social deprivation, a slight decrease compared to […]
The Freedom and Respect for Every Earthling association will hold the March for Animal Rights in Bucharest on October 4, to mark International Animal Day. The march will start at 11 AM at the National Theater Park, and will go on to Piața Victoriei. Organizers say they aim to bring to the forefront the suffering […]
