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.
Romania received another F-16 Fighting Falcon aircraft from Norway this week, completing the 48th Fighter Squadron with a full fleet of 16 fighter jets. The aircraft landed at the "General Emanoil Ionescu" 71st Air Base in Câmpia Turzii on Thursday, January 30. The acquisition is part of a broader initiative aimed at enhancing Romania's security […]
Romanian football team FCSB was defeated 0-2 by the UK’s Manchester United on Thursday, January 30, in the last round of the main group stage of the Europa League. The Romanian champions finished their group in 11th and secured qualification for the competition's play-offs. Roughly 3,000 English fans were present in Bucharest for the match. […]
A new market analysis by independent French company nPerf revealed a competitive landscape in the mobile technology sector in Romania. Orange continues to hold its position as the market leader, as its subscribers enjoyed the best mobile internet performances in 2024, including for 5G. The barometer analyzed various factors, such as download...
A selection of places that have recently made the headlines to consider for this year's list. Harghita, in central Romania, is set to hold in 2027 the title of Gastronomic Region of Europe, according to a decision of the International Institute of Gastronomy, Culture, Arts and Tourism (IGCAT) announced by county council officials. As...
The European Parliament's Budget and Foreign Policy Committees approved on Thursday the report on the Facility for the Republic of Moldova, worth EUR 1.8 billion. It is the largest package of financial support the European Union has ever offered to the Republic of Moldova for development,
The Ministry of Foreign Affairs (MAE) announced on January 30 that Romania "firmly" supports the sovereignty, territorial integrity, and independence of Ukraine, just a few hours after former ultranationalist presidential candidate Călin Georgescu declared that "Ukraine is an invented state" and that he wants the annexation of parts of Ukrainian territory that has been once […]
