The volume of trade between Romania and Germany in the first half of 2021 reached 16.4 billion euros, up 20.5% from the same period in 2020, according to a statement from the Romanian-German Chamber of Commerce (AHK Romania) released on Wednesday.According to the latest data provided by the Federal Bureau of Statistics (Destatis), the volume of trade between Germany and Romania recovered significantly in the first half of 2021, as against the same period in 2020.German exports to Romania amounted to 9 billion euros, up more than 24% from the previous year, while imports from Romania to Germany rose to 7.4 billion euros (+17.2%).With a volume of trade of 16.4 billion euros (+20.5%) in the first six months of the year, Romania ranks 20th in the top of Germany's trading partners in the mentioned interval."That is a clear sign of recovery, given that the half-yearly figures reached pre-crisis levels. If we look at the dynamics of bilateral trade and the positive atmosphere regarding business in German companies operating in Romania, we expect - by the end of 2021 - the figures to increase even above the level of 2019 (about 32 billion euros)," according to Sebastian Metz, general manager and member on the Board of Directors of AHK Romania.AHK Romania is the official representative of the German economy and also the largest bilateral chamber of commerce in Romania.Established in 2002, AHK has over 550 member firms and provides companies with an important platform for networking, information and experience exchange.
The 2025 edition of the year’s first major film fest in Europe (and one of the biggest worldwide), the Berlin International Film Festival, took place between 13 and 23 February. My notes come with a bit of delay, as I was also hit by the festival flu that got so many of us sniffling and […]
In the absence of current negative influences, Romania’s economy could have an annual growth potential of 3-4%. Political instability and global geopolitical risks are dampening growth. Economic growth in 2024 was driven by wage increases and accelerating consumption, satisfied however largely through imports. Due to a decline in domestic economic competitiveness, net exports contributed negatively […]
The Bucharest Stock Exchange (BVB) announced on Thursday, March 13, the launch of a new financial education section on the BVB Research Hub platform, dedicated to retail investors. The capital market operator said that it started this project out of the need to increase the level of financial education and promote the investment culture. It […]
The Romanian governing coalition's presidential candidate, Crin Antonescu, announced on Thursday, March 13, that he is launching a podcast designed to popularize his candidacy before the May elections. Antonescu, who is backed by the alliance made up of the Liberals (PNL), Social Democrats (PSD), the Democratic Alliance of Hungarians (UDMR), and the minorities, stated that he will […]
Some 4,500 teachers will learn about rights and responsibilities online, accessibility, inclusion, online well-being, and ethics as part of Incubatorul Civic Digital (ICD - The Civic Digital Incubator), a digital citizenship and democratic culture project implemented by Institutul Intercultural Timișoara, Asociația TechSoup and Școala de Valori. The project, which offers free training, is aimed at […]
Mihaela Murariu, Attorney at Law at Grecu Partners Business Law Firm, analyzes the impact of Artificial Intelligence on personal data protection. Artificial intelligence (AI) has become a ubiquitous technology, used in more and more fields, from marketing and healthcare to recruitment and financial services. However, the widespread use of AI raises numerous questions about privacy […]
