*1.2 billion euros - the positive contribution of the tobacco sector to Romania's trade balance last year According to the recent data published by the National Institute of Statistics (INS), the total value of exports of raw and processed tobacco products, such as cigarettes and tobacco consumables for heating products, amounted to 1.68 billion euros in 2023, representing an increase of 200 million euros compared to the previous year. BAT Romania, the largest player on the local tobacco market, exports about 70% of the volumes produced in Ploiesti (cigarettes and tobacco consumables for glo), where the group’s second largest factory in Europe is located and where more than 500 million euros have been invested so far. The total value of raw and processed tobacco imports in 2023 was around 412 million euros, thus the positive contribution of the tobacco sector to Romania’s trade balance increasing to over 1.2 billion euros, as compared to 1.1 billion euros in the previous year. According to the data published by the INS, the volume of exports of tobacco products increased by more than 300 million euros in the last 3 years, evolving from 1.34 billion euros in 2021 to a total volume of more than 1.68 billion euros last year. Also, according to the INS, in 2023 tobacco products represented over 43% of the total exports of food products, beverages and tobacco. “Our factory in Ploiesti is an eloquent example of our commitment to building A Better Tomorrow™, with constant investments in technological innovation, sustainability and continuous professional development of the over 1,000 employees, to the standards of a company of the future. We remain a strategic partner in the economic growth of Romania, with direct and indirect investments, a positive contribution to the country’s trade balance, and significant contributions to the state budget in taxes and excise “, said Jorge Araya, South-Eastern Europe Area at BAT and GM of BAT Romania.
PPC blue, part of Public Power Corporation (PPC) Group, will install 60 EV charging points on European routes in Romania and Greece using EU funding. The company will receive up to EUR 2.76 million as part of the Connecting Europe Facility (CEF) 's Alternative Fuels Infrastructure Facility (AFIF) program. The "East Europe Electric Route" project […]
Ukraine's Naftogaz Group has signed the first agreement with the company SOCAR Energy Ukraine, part of the Azerbaijani SOCAR group, for the purchase of natural gas from Azerbaijan. The gas will come through the Bulgaria-Romania-Ukraine corridor to alleviate Ukraine's energy consumption. In anticipation of the gas deliveries, a test delivery of natural gas was carried […]
Localities in six counties were affected by floods and storms on Sunday, July 27, but the hardest-hit were those in north-east Romania, specifically in the Suceava and Neamț counties, where precipitation caused rivers to swell out of control. On Sunday, the National Institute of Hydrology and Water Management (INHGA) issued a red alert for rivers […]
Hoghilag - Land of Tuberoses, an event highlighting the tuberose gardens in the commune of Hoghilag, in Sibiu county, will take place on the weekend of August 9 – August 10. Besides exploring the tuberose gardens during guided tours, visitors can also attend a fair of traditional local products and a truffle hunt in the […]
Deputy prime minister Dragoș Anastasiu announced his resignation from office on Sunday, July 27, after it was revealed that he was a witness in an older corruption case involving one of his companies. The company, Eurolines, paid bribes for eight years to a financial inspector from Romania’s tax agency ANAF. The former official said he […]
Romanian president Nicușor Dan denied claims by Russia that Ukrainian fighter jets were granted permission to fly over Romanian territory, calling the accusations "completely false", Agerpres reported on July 25. The president stated he had full access to all relevant information and confirmed that no...
