Romania will remain a grain-exporting state for a long time ahead, as it produces more raw materials than it consumes, says Agriculture and Rural Development Minister Adrian Chesnoiu.He mentioned that reducing the trade deficit in agri-food products has become a goal for "everyone," although this did not happened in recent years. The only years in which Romania had a surplus in trade in agri-food products were 2013 and 2014, with an increase of 300 million euros and 500 million euros, respectively, while last year there was a deficit of over two billion in this sector."It was 2.2 billion last year. Everyone proposes [deficit reduction]. The trade balance has become a goal for everyone, but practically nothing has happened. Romania will remain a grain exporter for a long time ahead, because that has been our history. We must be realistic: we produce much more raw material than we consume. Instead, what we need to do is understand the market mechanisms," Adrian Chesnoiu said.In this context, the minister says that when it comes to building a strategic plan, it is important to think about the effects it has over time, over a short, medium and long term. "When it comes to processing, you need to have large capacities, farmers to be associated in producer groups or cooperatives so that as much raw material as possible is processed at the lowest possible cost, because in the food industry and in the processing industry the profit margins are very low," said the MADR chief.Last year, bakery products ranked second in terms of imports, after pork, but the minister said it was not about bread imports, "an image that has spread in the press that we produce wheat and import frozen bread."
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
