Romania is the fist trade partner of the Republic of Moldova at the end of 2021 being registered a record value of 2.4 billion dollars out of which the Romanian exports had 1.5 billion dollars, show the data of the ministry of entrepreneurship and tourism (MAT).At the same time, Romania is first according to the number of companies registered in the Republic of Moldova, namely 1,557 and second according to the value of the capital,with almost 280 million dollars, and the banking sector dominates with a value of 78 million dollars.On 17th May, the ministry of entrepreneurship and tourism through the Department for Foreign Trade and the Bureau of Commercial – Economic Promotion Kishinev, in collaboration with the Association of Romanian Investors in the Republic of Moldova organized the Economic Forum Romania- Republic of Moldova, event dedicated to the promotion of bilateral trade, tourism and investment sector. The head of the Romanian delegation, Angel-Iulian Calin, state secretary in MAT mentioned during the forum in Kishinev that by the implementation of the provisions of the Agreement regarding non-refundable aid offered to the Republic of Moldova, worth 100 million euro, the business environment in this country has the possibility to draw financing including in the domain of SMEs and tourism, sectors of interest for the Moldova economy, as well as the consolidation of bilateral cooperation with partners from Romania, showing that the ministry is programme operator in the agreement for these two domains. The Economic Forum in Kishinev was attended by over 100 companies in Romania and the Republic of Moldova in such domains at IT, textile industry, manufacturing industry, pharma and tourism which had the possibility in B2B sessions to identify new business opportunities.The MAT data show that the number of mixed companies with Moldova capital registered in Romania are 6,644 with a total invested capital of 62.6 million dollars, being 64 in the top of foreign investors in Romania.In 2021, there were 60 such companies set up with a capital of 0.9 million dollars.
On Monday, December 23, Romanian police brought Nica Robert Florin back to the country. The man convicted of possession of high-risk drugs, bodily harm, and driving under the influence of alcohol, is listed among Romania’s Most Wanted category and was also wanted internationally. Romanian authorities revealed at the beginning of October that they had indications […]
An investigation by the famous British newspaper Financial Times revealed that the campaign of former Romanian presidential candidate Călin Georgescu was supported by a Russian network also used during the pandemic in France and Germany to instill fear of vaccines. The newspaper’s investigation began in continuation of those by Bulgarian and Romanian journalists at BG...
Bucharest’s District 3 City Hall will once again organize a special New Year’s Eve event in Titan Park, with a program of live concerts, multimedia shows, and even a simulation of the Northern Lights. The event, set to begin at 8:00 PM on December 31, will focus on the theme of infinity. “If you missed […]
Traffic on Lot 1 of the A7 Ploiești-Buzău highway, stretching 21 kilometers in southern Romania, was officially opened on Monday, December 23. With this opening, 102 kilometers of the total 320 kilometers of the highway are now usable. The Moldova Highway, as it has been called, is meant to connect Romania's economically underdeveloped eastern regions to […]
The Dutch technology investor Prosus NV, also the majority shareholder of Romania’s largest online retailer eMAG, is set to buy the online travel agency Despegar.com Corp, focused on Latin America, for approximately USD 1.7 billion. The purchase consideration will be funded from existing cash resources, the company said. Founded in Argentina in 1999, Despegar is one […]
The new Forestry Code, which passed the Parliament vote on December 17 and was signed into law by president Klaus Iohannis on December 20, includes provisions that protect all forests in Ilfov, the county surrounding Bucharest, making them the cornerstone of the future green belt around the capital city. Moreover, it legislates green belts nationwide, […]
