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.
The total number of recipients of social benefits for retired persons was, in October 2024, 925,865 – 2,322 lower compared to the previous month, according to the data provided by the National Public Pension House (CNPP) and quoted by Economica.net. Of these, 832,693...
The team of Kosovo abandoned during the stoppage time in the 92nd minute of the football match against Romania in Bucharest counting for the Nations League, accusing the Romanian fans of "racism" after the later sang Serbia-related chants. The Romanian team remained on the pitch for 74 minutes until the referee decided to put an […]
One week before the first round of the presidential elections in Romania and two weeks before the parliamentary ballot, the leader of Romania's junior ruling Liberal Party (PNL) and a presidential candidate, Nicolae Ciucă, took one more chance to argue vocally that only his party can send the senior ruling Social Democratic party (PSD) and […]
International rating agency Moody's has affirmed the ratings assigned for the first time in 2023 to Romanian financial group Banca Transilvania (BVB: TLV) and improved the outlook on the long-term deposit (Baa2) and issuer ratings (Baa3) to positive from stable. Low dependence of market funding and high profitability balances against risks posed by foreign currency […]
The number of dissolved companies in Romania increased by 6.9% year-on-year in the first nine months of 2024, reaching 30,094, up from 28,146 in the same period last year, according to data from the National Trade Registry Office (ONRC). Bucharest recorded the highest number of dissolutions at 6,184, marking a 5.4% y/y increase,
Rompetrol Rafinare, a KMG International Group (Rompetrol) member company, announced it recorded in the first nine months of 2024 a gross turnover of USD 3.57 billion and an operational result (EBITDA, an indicator that measures the company's profitability before deducting depreciation, interest, fees, and taxes) of about USD 125 million. The financial results were impacted […]
